Hiring your children is a great way to teach them responsibility, hard work and provide them with money and valuable experience. But did you know it is also a great way to reduce your taxes? There’s actually two ways hiring your children saves you in taxes. Wages you pay …View This Post about How To Hire Your Children And The Best Way To Do It
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Congratulations! You have incorporated your new business. You’re all done. Just stick your fancy corporate binder on a shelf and forget about it. Uh, not exactly… We need to understand how to keep the business in good standing and protect your corporate veil. So, blow …View This Post about Do You Know How to Protect Your Corporate Veil?
In our last article, “What is the Best Business Entity to Protect Your Assets?” we learned why it is critical for entrepreneurs to establish an entity (incorporate) to protect their personal assets. We also provided several practical examples for real estate, partnerships and …View This Post about What is The Best State to Incorporate In?
Do the poor get sued? No, there’s nothing there to take. It’s the wealthy that get sued because there are assets available. The first step entrepreneurs need to consider as they open their business is whether to form a legal entity or remain exposed as a sole …View This Post about What is the Best Business Entity to Protect Your Assets?