The Oregon Department of Justice is the state agency responsible for upholding the law and protecting the rights of Oregonians. They work to ensure compliance with state regulations and investigate and prosecute criminal activity within the state.
Business privilege and mercantile tax (BPM) is a tax assessed on the gross receipts of specific types of businesses, commonly retailers and wholesalers. Originating from the Pennsylvania Local Tax Enabling Act of 1965, this tax serves as compensation for businesses availing local governmental services, such as public safety measures.
BPM has undergone multiple changes since 1965. By 1988, the Pennsylvania Local Tax Reform Commission labeled it as a “nuisance tax,” primarily due to inadequacies in the legislative framework and vagueness surrounding the tax base.
Business formation is often complicated, and setting up a limited liability company (LLC) in Florida is no different. This guide aims to simplify the process, laying out the steps and considerations you need to be aware of.
Whether you’re a startup founder, a small business owner, or an HR professional, understanding the ins and outs of LLC formation is central to ensuring compliance and maximizing the benefits of this business structure.
When you’re establishing a corporation, you have a lot of choices to make — and the decisions you make at the beginning can have long-standing effects on the future of your business. Tax savings are often a priority for small business owners and startup founders, and S corp status may seem like an appealing solution.
You may significantly benefit from the unique advantages of utilizing an S corp structure if you’re able to do so.
Gabrielle Sinacola |Apr 15, 2024
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