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Understanding 501(c)(6) Organizations

You’ve probably heard the term 501(c)(3), which is probably the most common type of tax-exempt status for nonprofits in the... View Article
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Qualifying for Trader Tax Status (TTS)

Day traders—or, people who generate a substantial income from trading securities, like stocks, bonds, and options—may find it beneficial to... View Article
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Converting an LLC to a Corporation in Delaware

Converting a limited liability company (LLC) to a corporation in Delaware is fairly straightforward thanks to a process called statutory... View Article
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Registering Your Transportation Business with DOT

When you start a transportation business, in addition to registering with your state authority you’ll have to register with a... View Article
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What to Know About IRS Form 5472

IRS Form 5472 is used for US companies with significant foreign ownership, as well as foreign companies conducting business in... View Article
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NAICS Codes, Explained

NAICS codes are sometimes requested when businesses file government documents. But unlike some federally issued numbers, like EINs, NAICS codes... View Article
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Increasing Authorized Stock Shares

When you form a corporation, you decide how many stock shares your company can lawfully distribute. But what if you... View Article
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What to Know About Filing as an S-Corp

  The term “S-corporation” (or S-corp) is often mistaken for type of business entity, but it’s not actually an entity... View Article
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How to Change the Owner of an LLC

There are many reasons why a limited liability company (LLC) might transfer ownership—a business can be sold, inherited, or even... View Article
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How to Transfer Ownership Within an S-Corp

S corporations—known as S-corps—are small corporations (less than 100 shareholders) that complete Form 2553 and are granted S-corp status by... View Article
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