FAQ

In the first part, we discussed the importance of creating a lean business plan. Now we will go into more details about what must an entrepreneur do after creating a business plan.

Once you have your lean business plan in place that is coherent, written in plain English, and includes everything required to both setup and manage your business, you can move on to the next stage. There are many important aspects to setting up a new business. You will need to decide on your business structure, file…

A business plan is the foundation of any new business and documents how your business will run. It describes aspects of your business including goals, operations, organization, finances, marketing, etc. It will also document how your business is structured. For example, will your business be an LLC or corporation?

If you have completed your business plan and are asking 'What must an entrepreneur do after creating a business plan?' then read on to find out more in part one of our series.

Why Cr…

When forming a corporation in California, you might want to consider becoming an S Corporation. However, there are particular qualifications and steps to become one. In this article, we ask what is an S election? What are the qualifications and what is the S Election Form 2553?

An S Election Must be Approved by the IRS

A Small Business Election, or S Election is not valid until approved by the IRS. Many people believe if they set up a corporation and say it's an S corporation, that is all they…

If you are considering starting a professional corporation in California, you might have seen the term employer identification number or EIN. You might be wondering what an employer identification number is and why do I need one.

This is particularly important if you have decided to start a new business and form the business yourself. You will want to ensure you understand everything you need to do for the incorporation process.

This article will help explain this term and why you might need a…