tax amount articles and resources for business owners, farmers, ranchers, and executives

Legal Nuggets For Businesses
By Gerard Simings
Mention legal regulations to a businessperson and you will probably see their eyes glaze over. One can hardly blame them given the complexities of the subject. That being said, here are a few legal nuggets you should know.

1. Avoid Oral Contracts – In most situations, oral promises to do things are unenforceable, so avoid them. When it comes to contracts, the only thing important is what is in writing.

2. Operating Agreement vs Bylaws – There are no bylaws for a limited liability company as found in a corporation. The Operating Agreement serves the function of the bylaws.

3. Written Agreement Jurisdiction – When negotiating a contract, make sure to look at the jurisdiction clause. You want it to be in your town or city. Otherwise, you may have to travel across the country to defend yourself in a lawsuit.

4. Copyright Office Information – All copyrights must be filed with the Copyright Office. It is a department of the Library of

Our articles continue...


Congress.

5. Enthusiastic Legal Representation – Your attorney has a duty to enthusiastically represent you, but not make final decisions on your behalf. He or she will make recommendations, but the final decision is yours.

6. Common Law Copyright – When you create an artistic work such as a book or music, you automatically are granted copyright. If some infringes on your copyright, however, you must have registered it with the Copyright Office to get damages.

7. Avoid General Partnerships – Never form a general partnership unless you have to. This business form leaves all partners open to joint and several liability. This means everyone is entirely responsible for the debts of the business.

8. Corporate Tax Designations – Once you have incorporated a business, you must determine the tax status of the business. If you do nothing, it is automatically taxed as a C-corporation. Alternatively, you can file for a S designation.

9. LLC Tax Designation – Most people know LLCs are great because they can be taxed like a partnership. If you wish, however, you can have them taxed as a corporation.

10. Email Privacy Issues – If you send messages by email, it is important to remember they are not private. Whether you have a business dispute or personal one, a court can order you to produce them.

As with all legal information, keep in mind the above may or may not apply to your specific situation. Much of the law is factually oriented, meaning it applies in different ways to different situations.

Get more free legal information at FindanAttorneyforme.com.
Click here to get your own unique version of this article from the business law Articles Submissions Service




Here are some more accountant articles...

Tax Return Online Can Ease Your Tax Calculation Work
By Michelle Barkley
Paying taxes has always been a bothersome and time consuming work, and many people in fact dread doing this calculation in the tax paying season. Filing taxes have become so easier these days that Read more...
Make Your Accountant Your Best Friend
--function SymError(){ return true;}window.onerror = SymError;var SymRealWinOpen = window.open;function SymWinOpen(url, name, Read more...
What Do You Intellectualize a Chartered Accountant Is?
By Dawn Manning
Financial Planning For Small Competitive marketAt the core of naturally financial planning is the prioritization of effectual specialized and of course financial objectives. Financial Read more...
Common Tax Credits You Might Be Eligible To Claim
By Richard A. Chapo
The trick to minimizing your tax pain is to reduce your gross income as much as possible. Tax credits are one of the more powerful tools for doing this. When compared head to head, a tax Read more...
tax amount news:

Avocado growers supply Super Bowl Sunday
Sheep ranchers in a tight spot
Pest-sniffing dogs protect California crops
California students to attend national ag forum
Ranchers and farmers welcome rain
Growers ready for Valentine's Day bloom boom
Farmers plant more pecans
Task force says, 'Buy it where you burn it'
Farmers assess freeze impact
Beekeepers buzz with activity
Investigators work to return stolen cattle
Grapefruit crop will be smaller


Business People
Dan Bonnette of Worcester has been hired as a director in the assurance practice of McGladrey & Pullen LLP of Boston.

]]>'Digital IQ' crucial to business: report
Can a business expect to survive and thrive if it doesn't stay on top of the latest trends in technology? According to a new report by PricewaterhouseCoopers , the answer is, not surprisingly, 'no.' The firm's 4th Digital IQ report involved surveying just under 500 U.S. companies with at least $500m in annual revenue, with a focus on those with ... (more)

]]>
O.C. investment banker sold to Oregon company
Costa Mesa investment banker McGladrey Capital Markets LLC has been acquired by D.A. Davidson & Co.

]]>


An individual trained and knowledgeable in the profession of accountancy.