Massachusetts is No Longer Accepting FEIN
Posted on
January 7, 2015, by James Gilmer in Industry News.
Beginning January 1, 2015, the Corporations Division in Massachusetts is no longer accepting FEIN numbers (federal tax IDs) on business formation documents.
The following notice was posted on the Corporations Division website:
“As of January 1, 2015, the Corporations Division … Read more
New York Repeals Organizational Tax on Corporations
Effective January 1, 2015, New York will no longer collect a tax on shares of newly formed corporations. Additionally, the state will no longer collect a tax when filing an amendment to the Articles to increase or to change the number of … Read more
Minnesota Launches New Business Services Website
Posted on
December 4, 2014, by James Gilmer in Industry News.
The Minnesota Secretary of State announced that beginning December 8, 2014, they will launch a newly designed Business Services website.
The new website will include
Ability to file annual reinstatements online.
• User-friendly homepage design to better guide visitors.
• Search feature…
Read more
Where Should I Register An Online Business?
Posted on
December 2, 2014, by James Gilmer in Business Compliance.
Updated January 2019
We get many inquiries regarding where to register an online business. Having no tangible presence (i.e. a storefront) understandably leads to some confusion, including whether registration is necessary, and if so, in which state to register or incorporate. … Read more
Form 1023-EZ: Understanding Your Eligibility
Posted on
September 9, 2014, by Harbor Compliance in Nonprofit Compliance.
Perhaps the most exciting thing the IRS has ever done, the release of Form 1023-EZ has made applying for, and obtaining, 501c3 tax exempt status a relative breeze.
In our blog coverage, and if you speak with us, we’ll … Read more
How Are You Spending Your Free Time?
Posted on
September 3, 2014, by James Gilmer in Business Compliance.
This morning, I got a phone call.
It was a gentleman interested in starting a public charity, in order to raise money to build a local skate park. The skate park, he said, is a huge need in his community.… Read more
With IRS Form 1023-EZ, Become 501c3 Tax Exempt in Weeks
News of the recent release of IRS Form 1023-EZ has spread like wildfire. Introduced in July, the form, designed to streamline the application and approval process for federal tax exemption, has triggered a number of questions throughout the nonprofit world.… Read more
CT Secretary of State Experiencing Delays
Posted on
August 14, 2014, by James Gilmer in Industry News.
8/14/2014 The Connecticut Secretary of State has been experiencing computer and copier issues. Clerks are unable to print copies, certified copies, and confirmations of filings.
The Secretary of State’s office is unsure when all systems will be running normal once … Read more
What to Do While Waiting for Your Determination Letter
You’ve applied for 501(c)(3) tax exemption, and are waiting for your IRS determination letter. What can you do while you wait for it?
Obtaining your IRS determination letter is a crucial step to starting your nonprofit. Unfortunately, this magical document, … Read more
LLC or S-Corp: Which Is Better for My Small Business?
Posted on
July 31, 2014, by James Gilmer in Business Compliance.
Understanding the difference between an LLC or S-Corp can be challenging for a small business owner. Neither is “better,” but when deciding, always consider your organization’s resources, mission, and plan for growth.
If you take one point away from this article, let it be … Read more