Filing for S-corporation status with the IRS requires compliance with strict time guidelines. Form 2553 must be filed by the 15th day of the third month after your corporation’s fiscal year. For most corporations, that means you must file by March 15 for the S-Corporation election to be effective for
I normally don’t post about current events, but the following subject matter is too good to keep to myself. And I’m sure there’s a copyright lesson for your startup company somewhere here… Nixon Peabody LLP, a tremendously large law firm, is furiously trying to prevent distribution of their corporate song
CNNMONEY.com is running a series called “America’s Best Colleges For Entrepreneurs.” One of its feature articles is titled Is it smart to go to school for entrepreneurship? in which 9 entrepreneurs tell their story about how taking classes affected their businesses. The 9 different types of entrepreneurs profiled are: -The
Corporation-friendly law is just one reason your startup should incorporate in Delaware
A reader emailed me asking: How do I know I have found a great startup lawyer? And judging by this blog’s most frequent search keywords, you may be asking yourself that question, too.Evaluating your startup lawyer (or any lawyer for that matter) can be a difficult task because a lawyer’s
Every now and then you’ll find a business lawsuit that reeks of desperation. I found one. I guess having a frivolous lawsuit filed against you is a signal that your startup company has “made it.” But I imagine you’d rather find out a different way.
A commercial office space lease is a complicated legal document and is usually your startup company’s first big contract. A real estate broker is a great resource to find available office space and determine the market rents. However, your lease’s location and rent provisions account for about only 10% of
New data suggests aging baby boomers are leading the surge in entrepreneurship. In a recent article, the Fortune Small Business unit reports how a recent study found that the number of middle-aged Americans starting their own business is surging. According to the U.S. Bureau of Labor Statistics, the ranks of
Buying into a franchise is one method an entrepreneur might undertake to start his or her own business. Franchises provide the entrepreneur with name-recognition, training and operational support from day one in exchange for an initial franchise fee and continuing franchise royalty payments. While the initial franchise fee is a
As an employer, you make countless investments in your employees. Whether your employees realize it or not, you commit major financial resources, time and training to make your staff a company asset. How do you protect your asset from being looted by a former employee? Consider adding an “anti-raiding” clause
