top of page
Business Essentials
Get everything you need to launch your business with confidence.
Whether you are starting a side gig or starting a whole business, you'll find essential checklists, guides, and tax information right here. Choose a section below to get started.
Sole Proprietorship:
Someone who owns an unincorporated business by themselves. Can have employees but not owners can't pay themselves because business and owner are considered one entity.
Non-Profits:
Non-profit organizations operate for social or charitable purposes, not for profit. They rely on donations and grants and are tax-exempt. Legal requirements and regulations vary by jurisdiction.
LLC:
SINGLE MEMBER LLC
A business where the members of the company cannot be held liable for company's debts or liabilities.
Can have employees, but IRS considers the business and the owner to be one entity.
S-CORP
A pass-through entity, limited to 100 U.S. citizen Shareholders, can have employees and pay owners.
C-CORP
Necessary when shareholders are from other countries & desire to become public. However, there is a risk of double taxation.
Partnerships:
A business that has more than two owners withan interest in the industry.
Important Deadlines
January 15 - Sales Tax/Payroll Tax Due
January 31 - 1099s/W2 Due
February 15 - Sales Tax/Payroll Tax Due
March 15 - 1120, 1065 & 990 Due
March 15 - Sales Tax/Payroll Tax Due
March 31 - End of the 1st Quarter
April 15 - Sales Tax/Payroll Tax Due
April 15 - 1040 Due
May 15 - Sales Tax/Payroll Tax Due
June 15 - Sales Tax/Payroll Tax Due
bottom of page