Jacenta

The IRS treats one-member LLCs as sole proprietorships for tax purposes. This means that the LLC itself does not pay taxes and does not have to file a return with the IRS. As the sole owner of your LLC, you must report all profits (or losses) of the LLC on Schedule C and submit it … Read more

How profitable is a photobooth business? Photo booth services usually charge by the hour with a set minimum and range from $125 to $200. In your first year or two, you could run your business from home and charge $125 per hour. Creating a plan for a photobooth business is essential for success. A well-crafted … Read more

Annual Report Requirements for New Hampshire LLCs New Hampshire requires Limited Liability Companies (LLCs) to file an Annual Report with the Secretary of State. This must be done every year by April 1st. The report provides updated information about the LLC, such as its legal name, Registered Agent, addresses, and manager/member details. The purpose of … Read more

Double taxation refers to income taxes paid twice on the same source of income. It occurs when income is taxed at both the corporate and personal levels. International businesses often face double taxation, which eats away at profits. Methods to Eliminate Double Taxation There are two main methods to eliminate double taxation: by allocating taxation … Read more

A registered agent is a person or company designated to receive legal correspondence on behalf of a company. This includes government, tax, and legal correspondence. You are legally required to have a registered agent for your LLC or corporation. Legal Requirements for Registered Agents The registered agent must: Have a physical address in the same … Read more

Choosing the Right Format for Your Smoothie Shop What format is best for a smoothie shop? The format you choose dictates future decisions. If you want a community space, choose a dine-in format with seating. If you want a grab-and-go shop, choose counter service to serve more customers faster and with lower costs. Formats include: … Read more