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4 Factors to Consider When Choosing a Business Structure

StartupNation

Your business entity impacts everything from taxes to daily operations. In pass-through taxation, taxes “pass through” the business to the owners, who pay the taxes when they file their individual tax returns. In double taxation, the business is taxed and the owners are taxed. . Franchise tax.

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Everything An Angel Investor Should Know About The Corporate Transparency Act

Angel Capital Association

Big Picture The CTA is intended to assist law enforcement in combatting money laundering, tax fraud, financing of terrorism, and other illicit activity through anonymous shell and front companies. Starting January 1, 2024, the Corporate Transparency Act (the CTA) will require all new business entities formed in the U.S.

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New Paycheck Protection Program (PPP) Loans: How to Qualify and Apply

StartupNation

This article includes the latest guidance and the new application forms. New: Certain news organizations, destination marketing organizations, housing cooperatives, and 501(c)(6) nonprofits may now also be eligible. What are Paycheck Protection Program Loans? Sole proprietors, self employed individuals or independent contractors.

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How Influencers Can Legally Raise Capital for Funds and Companies

David Teten VC

William Stringer, Founder, Chisos , said, “The benefits of 506(c) were clear when we were raising smaller checks into a small fund from individual accredited investors. Or, Yoni Tuchman, Fund Formation Partner at DLA Piper, said, “Include a form letter in your sub docs that the LP can have their lawyer or accountant sign.”

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Startups Can Avoid Significant Liability by Heeding Wage and Hour Laws

Angel Capital Association

By: Matthew C. Misclassifying Employees as Independent Contractors Another common mistake that startups make is treating new hires as independent contractors and paying individuals on an IRS Form 1099 basis. Most individuals will likely be considered employees and therefore should be paid wages on an IRS Form W2 basis.

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Warning: Contractors must really be independent!

Berkonomics

I’ve experienced the results of a wrong decision, and the IRS and state agencies are not forgiving in their pursuit of penalties, interest and most damaging, assessing a company with the on both employer and employee taxes when reclassifying the person as an employee. C : The contractor must establish an independent business.

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Saiga aims to succeed where Magic and other concierge apps failed

TechCrunch

While stuck in rush-hour traffic, it occurs to you that you’ve forgotten to book a babysitter for the kids — and find a restaurant for the team outing scheduled toward the end of your trip. The service can schedule a psychiatrist appointment, for example, but not order a pizza to be delivered within the hour.