How has the R&D Credit changed? Before 2016, the R&D Credit had to be taken against taxable income – most startups do not have taxable income, so it was nice, but no immediate benefit. For tax year 2016 (returns filed in 2017) and onward, there...
Hiring unpaid interns is a great idea, but it can be a legal minefield: There are more than a few obvious reasons why a startup might want to hire an unpaid intern but it can be a confusing web of laws and requirements. The Department...
Well, maybe not today, but certainly within the next month. Get an Employer Identification Number (EIN) from the IRS. You have an SSN – this is the corporate equivalent. Get it here https://sa1.www4.irs.gov/modiein/individual/index.jsp Register your business with your State’s DOR. Most states require you to file and...
We work with a lot of college student entrepreneurs, young entrepreneurs and first-time entrepreneurs. We are often asked “..should we incorporate or form a Limited Liability Company (“LLC”)?” Sometimes, these entrepreneurs have visited a lawyer first, and have already incorporated or formed an LLC. Based on...
