The Oklahoma Secretary of State is the state agency responsible for overseeing elections, business registrations, and maintaining official state records. They play a crucial role in ensuring compliance with state laws and regulations, as well as providing important resources for businesses and voters in Oklahoma.
Transparency is important for a nonprofit. People want to know how trustworthy a nonprofit organization is and see the impact of the work they’re doing. A nonprofit annual report can highlight the good you’ve done, your profits, your losses, and your expenses. This can keep volunteers and investors satisfied with what they’ve helped to create.
While it may not be necessary for a nonprofit to file a conventional annual report, most nonprofits are still required to file a special type of profit, loss, and expense report with the IRS.
If you work with a professional employer organization (PEO), it’s a good idea to regularly reevaluate the relationship. Growing businesses can reach a point where the costs of working with a PEO outweigh the benefits, and some companies expanding into new states may also run into limitations on what PEOs can do there—eliminating the PEO’s original value proposition.
If you’re dissatisfied with your PEO or your business circumstances have changed, it may be time to leave.
When your company partners with a professional employer organization (PEO), it can enjoy many benefits, such as payroll management, human resources support, and compliance assistance. However, there may come a time when your business outgrows the need for a PEO, or you want to manage these functions in-house.
Transitioning away from a PEO is a complex process, but with careful planning, it doesn’t have to be overwhelming.
Here’s what you need to know about planning your PEO transition, with a handy checklist to ensure a smooth exit strategy.
Gabrielle Sinacola |Nov 5, 2024
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