Beneficial Ownership Report Guide
Team ZenBusiness December 1, 2024
Starting in 2024, a lot of small businesses were required to file a beneficial ownership information report to the Financial Crimes Enforcement Network (FinCEN). But what is a beneficial ownership information (BOI) report, and which businesses need to file one? If you aren’t familiar with this report, don’t worry; in this guide, we’ll cover the ...
Corporate Transparency Act: Reporting Requirements for Small LLCs and Corporations
The Corporate Transparency Act (CTA) is federal legislation that requires LLCs and corporations with fewer than 20 employees to start reporting ownership information to the federal government beginning in 2024. Here are details that may apply to your small business. As the owner of a limited liability company (LLC) or a corporation with few or ...
How to Spot and Avoid Business Directory Scams to Protect Your Business
Team ZenBusiness November 27, 2024
Business directory scams are a growing concern for small business owners around the world. These scams typically trick business owners into paying for directory listings or services they didn’t agree to, or they steal sensitive information under the guise of legitimate business dealings. For small businesses, falling victim to these scams can mean financial losses, ...
How to Write a Reference Letter for a Former Employee (Without Getting Sued)
Team ZenBusiness November 1, 2024
Writing an employee reference letter for a former employee and don’t know what you should say? Here’s how to make sure your letter of recommendation doesn’t get you sued. Forget for a moment the legal pitfalls you can see. Let’s look at one you might not know exists. It’s hidden in something you may have ...
Characteristics of a Good Lawyer
The fast-paced, high-stakes drama of “Law and Order,” “Suits,” or even “Daredevil” might make being a lawyer sexy, but the legal sector is a demanding place to operate. It takes a special type of person working under pressure to elevate themselves from the competition. Often it comes down to easy-to-understand attributes applied with creativity and ...
Learn How to Register Your Trademark
Team ZenBusiness October 29, 2024
You’ve come up with a great name for your product or business, and you want to be sure no one else uses it. Do you need to get it trademarked? Is registering a trademark something you can do on your own? Or maybe you’ve just come up with a snappy product name, and you’ve decided ...
How to Pay Yourself As a Sole Proprietor
Team ZenBusiness October 5, 2024
Getting paid when you work for yourself isn’t as simple as it may seem. Sole proprietors can follow these guidelines for paying themselves in a way that doesn’t land them in trouble with the IRS or other government agencies. How do you pay yourself when you’re self-employed and haven’t incorporated your business? It ought to ...
How to Minimize Lawsuits and Legal Fees
Team ZenBusiness October 1, 2024
Here are five precautions you can take to maximize your chances of winning legal battles and minimize your chances of being sued, your need to sue others, and the potential legal fees associated with lawsuits. If you’re like most people, you’re likely to have two opposing viewpoints about the law. Depending on where you stand ...
Preparing for Disaster
The hurricane season is upon us once again, and with it come warnings to prepare our homes and businesses. But hurricanes aren’t the only disasters that can strike. Here are things you should keep in mind when making preparations. Over the years, I’ve followed news accounts of devastating tornadoes, floods, and wildfires in different parts ...
Is It Legal to Start a Business Out of My Apartment?
Team ZenBusiness August 29, 2024
The apartment entrepreneur: If you aren’t one, you probably know one. But is it legal to start a business out of an apartment? Everybody has a friend writing a screenplay or music, consulting, or trying to turn a hobby into a moneymaker … all from the comfort of residential rental property. This is not to ...
Leasing Office Space: 14 Questions to Ask Before Signing the Contract
Leasing office space is a big financial decision. Whether you’re renting space for your business for the first time or relocating, get answers to these 14 questions before you sign the lease agreement. Leasing office space is just plain scary. Often, you have to sign a multi-year lease, and the monthly rent may be higher ...
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