Tag: business

September 13, 2021

Tax liability is the payment owed by an individual, a business, or other entity to a federal, state, or local tax authority. In general, a tax liability is incurred when income is earned and when income is generated by the […]

September 3, 2021

With this year’s strong stock and property markets, figuring out how to minimize capital gains tax may be top of mind for investors. Qualified opportunity funds can provide tax advantages, but acting fast makes a difference: You can reap the […]

August 27, 2021

Entrepreneurs are natural self-starters who believe they can do it all themselves, including the incorporation work necessary to start a small business. (And with some of the resources available on the internet, sometimes they might be right.) But incorporation can […]

August 18, 2021

There is power in names, or so the saying goes. That is most certainly true in the world of luxury fashion brands. Some of the most renowned fashion houses are named after their founders: Chanel, named after the famous Gabrielle […]

July 21, 2021

So you did all the hard work that was necessary to get a new business off the ground. And you formed a new business entity with the Secretary of State to conduct that business, such as a corporation or limited […]

May 5, 2021

The U.S. Department of Labor (DOL) is officially withdrawing the prior administration’s independent-contractor rule, which would have made it easier for businesses to classify workers as independent contractors rather than employees. “The department believes that the rule is inconsistent with […]

May 5, 2021

South Carolina Governor Henry McMaster has signed the “South Carolina COVID-19 Liability Immunity Act” into law, providing legal immunity to certain businesses that reasonably adhere to public health guidance in effect at the time an applicable COVID-19-related claim arises. Entities […]

April 29, 2021

The Fair Credit Reporting Act governs how employers execute, obtain, and manage consumer reports, including standard pre-employment and current employment-related background checks. This process not only protects personal data but also allows employers to fully assess whether a candidate is […]

April 7, 2021

What Is an Entity Trading Account? An entity trading account is a dedicated account type belonging to a legal entity such as a corporation or limited partnership. There are certain advantages to entity trading accounts over individual trading accounts, such […]

April 6, 2021

NEW DELHI: The government has amended the Insolvency & Bankruptcy Code to provide for prepackaged resolution framework for micro, small and medium enterprises (MSMEs) through promulgation of an ordinance. The alternative insolvency resolution framework is expected to bring about a […]