Sales Tax 101
This video looks at Sales and Use tax and how taxes are collected for different types of businesses.
Regulatory and Compliance Issues
Making sure a business adheres to all regulatory and compliance issues is often difficult for a new business owner. This section consists of videos that describes the key government regulations as well as legal and tax-related matters entrepreneurs need to know to remain compliant.
Business Licensing Demystified
Learn the real reason states requires some industries to obtain a business license before they open their doors to the public.
What You Need To Know About Sales Taxes
In June 2018, the Supreme Court ruled that even if an online business does not have a nexus (physical presence) in a state, the state can require online retailers to collect and remit sales taxes. This ruling has far-reaching implications for any business selling products online. While the rules are changing day by day, CPA Brad Whitten of Pikes Peak Financial Group explains how the new sales tax collection rules may apply to you.
Real Reason for Registering an Entity
The reason’s you think you have to register an entity with the Secretary of State are WRONG. This video discussed the real reason why a business needs to register their entities.
Limits to Limited Liability
There is a gross misunderstanding when it comes to the protection afforded to business owners of a Limited Liability Company (LLC). This video identifies whose liability is protected and who is not.
Characteristics of a Corporation…Pick Four
There are six characteristics that define a corporation: Associates,
Dividing Gains, Limited Liability, Centralized Management
Free Transferability of Interest and Continuity of Life. However, if you are an LLC, you can only pick four.
Influencer vs Social Agent
Influencer marketing is all the rage when it comes to marketing your business, but is comes at a cost.
Licensing Explained
Licensing is often misunderstood when it comes to business. Licensing falls into three categories. 1, Authority to do something on behalf of a government agency (I.E., Sale tax collection). 2, Professional or trade license that says you have met some minimal qualification level to practice your profession (I.E., Doctor/Lawyer). 3, Business license to inform a government agency that you exist so they can do random inspections (I.E., Restaurant)
Your Limits to Liability in an LLC
Many small business owners mistakenly believe that a Limited Liability Company will limit their liability. However, limited liability is extended to members that are not involved in everyday management decisions. Managers are held to a higher standard and may not have the liability protection they thought they had.