What Is an Operating Agreement for S Corp?

Purpose of Operating Agreements An operating agreement outlines the finances and roles of LLC members. LLCs with multiple members should have one, even if not required by law. Creating an Operating Agreement Get together with co-owners and a lawyer to figure out what to cover. Then answer simple questions and have everyone sign to make … Read more

Is 20 or 35 Tint Darker?

Differences Between 35% and 20% Window Tint The lower the percentage, the darker the window film. 20% is darker than 35%. Actually, grades work in reverse – 20% window tint is darker than 35%. The number indicates sunlight allowed through. 35% tint gives more darkness but easy to see through. 20% tint excellently blocks light … Read more

How Is Chicago Business?

Business Environment in Chicago Chicago is recognized as one of the premier cities for entrepreneurship and innovation. The city boasts a strong and varied industrial base that includes manufacturing, transportation, retail, and financial services companies. It is known for its ability to attract talent. However, Chicago landed near the bottom of the list, ranking 85th … Read more

What Does NGS Mean for an LLC?

NGS Company Abbreviation The NGS meaning in Company terms is "New Generation Software". There are 2 related meanings of the NGS Company abbreviation. Articles of Incorporation At its core, the articles of incorporation specify the essential elements for a company’s legal existence. The articles of incorporation define the company’s purpose and lay out the process … Read more

Is Annual Return Mandatory? GST Annual Return Requirements

The GST Council announced that GST annual return is not required for small businesses with a turnover less than Rs. 2 crores. Filing of GSTR-9 for taxpayers whose turnover does not exceed Rs. 2 crore is not mandatory for financial years 2017-2018 and 2018-19. Corporations must file an Annual Return, which confirms that the shareholders … Read more