LLC Vs. Sole Proprietorship: Pros and Cons

Choosing the right business structure for your new venture is a crucial decision. Many business owners lean toward two of the most popular options—LLCs and sole proprietorships. Each one has its fair share of benefits and drawbacks. The right one for you and your business will depend on several factors. You’ll need to consider thingsContinue reading

The Beginners Guide to Payroll Compliance

Payroll means paying your employees. But, at the same time, it also involves selecting a payroll schedule, calculating salaries, wages, and taxes, and ensuring everything is done accurately and on time. When you’re running payroll, it can be easy to forget your compliance responsibilities governed by local, state, and federal law. Considering these regulations involvingContinue reading

The Beginners Guide to Payroll Audits

Running payroll affects employee morale and reflects on an organization’s financial stability and reputation. And while there shouldn’t be any room for error, several things can go wrong. You may input numbers incorrectly, forget to remove a terminated employee from your payroll, or fail to add an employer’s recent pay raise. Carrying out a payrollContinue reading

The Beginners Guide to Exempt vs Non-exempt Employees

There are two types of employees in the US—exempt and non-exempt. Failure to correctly classify employees can lead to serious compliance issues and fines for a business. If you’re struggling to understand the difference between exempt and non-exempt employees, you’ve come to the right place. This guide contains everything you need to know about classifyingContinue reading

Best Online Incorporation Services

Historically, incorporating a business has been a time-consuming and expensive process. Business owners had to hire attorneys, fill out complicated paperwork, and wait months before their legal entity was officially formed. But not everyone has thousands of dollars laying around to hire a lawyer, and most people aren’t comfortable filing incorporation paperwork on their own.Continue reading