Alex Zehnbacht

What Is Limited Liability and Why It Is Important?

The best way to explain limited liability is this - you risk what you put in. In other words, limited liability is a way to make sure that a person who is engaging in business does not risk his or her personal possessions in case the business fails. Any investor, partner, or member of the company that by law has limited liability cannot be made responsible for any unfulfilled company obligations and... (posted by Alex 1 year 177 days ago.)

What Is "Corporate Veil" And How It Can Be Pierced

Protecting Your Assets If you are a business owner, one of the most significant reasons to incorporate or form a limited liability company ("LLC") is to protect your personal assets from a business creditor's claims against your company. This ability of a properly-formed and maintained company to shield its owners from personal liability is sometimes referred to as the "corporate veil." Under... (posted by Alex 1 year 200 days ago.)

Selling Tobacco Products: How To Obtain Cigarette License.

What Is Retail Tobacco License? A cigarette license or a retail cigarette/tobacco license is a legal document issued by the concerned state department (as well as city/county) which signifies that a business is legally allowed to sell cigarettes and other tobacco products in accordance with the state law from a specified location to the consumers who are allowed to buy them. In most... (posted by Alex 1 year 206 days ago.)

What is Certificate of Good Standing and How to Obtain It.

What is Good Standing Certificate? Certificate of Good Standing is a certificate issued by the Secretary of State's Office evidencing that a business (corporation , LLC , partnership, etc.) has complied with the applicable provisions of the laws of the state, is in good standing, and authorized to transact business or to conduct affairs within the state. To obtain Good Standing... (posted by Alex 1 year 206 days ago.)

Selling Retail: How To Obtain Your Sales Tax ID.

What is Sales Tax? Sales tax is a tax on the end-purchase of a product or a service, and is imposed on all retail sales, leases and rentals of most goods, and on some services that are considered taxable. Sales tax normally does not apply on the purchase of a product intended for re-sale or for subsequent processing. Sales tax is usually represented by a certain percentage added onto the price of a... (posted by Alex 1 year 206 days ago.)

Incorporation 101: Publication of Legal Notice.

Publication of a legal announcement (or legal advertising) is a form of classified advertising usually mandated by a state or local law. Legal announcements are published in approved newspapers or journals that serve to inform the public in a specified area. The approved newspapers or journals are selected based on the location of the business that is required to place such announcement. After the legal... (posted by Alex 1 year 208 days ago.)