Many people prefer to give to political parties, political candidates, 501(c)4 campaigns, or other organizations that can’t receive tax-deductible donatio...

A corporation is created when it is incorporated by a group of shareholders who have ownership of the corporation, represented by their holding of common ...

While both New York and New Jersey have relatively high income taxes, New Jersey’s lowest income tax rate is 1.4 percent while New York’s is 4 percent. Th...

The ordinary meaning of goodwill is an intangible, saleable asset, arising from the reputation of a business and its relationship with its customers, as d...

The decision whether to hire a worker as an employee or an independent contractor is a significant one with fingers in a large number of pies, with regula...

Service, repair, and maintenance services are subject to sales tax. A service contract is an agreement between the contract provider and a customer where ...

You can both receive employer contributions to a SEP-IRA and make regular, annual contributions to a traditional or Roth IRA. Employer contributions made ...

An LLC ID number is a tax ID number that is usually required for all LLCs. The tax ID number is used to identify the LLC, similar to that of a social secu...

During marriage, spouses often give each other gifts on holidays, anniversaries, birthdays or any other occasion. Under California law, all property acqui...

Rather than issuing stock options like you would in a corporation, in an LLC you hold membership interests. If you’re the sole member of an LLC, you retai...