National Association of Female Executives

The largest women's professional association and the largest women business owners' organization in the country, provides resources and services - through education, networking, and public advocacy - to empower its members to achieve career success and financial security.
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What if the name is not available?

If your company's name conflicts with an existing company name or trade name, you may still register the company to do business in the state as a qualify llc or qualify corporation, but the company will have to adopt a name that does not conflict with any other names or trade names in that state, it is called "doing Business as" or "DBA"

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Who is covered Under the Workers' Compensation Law?

• Workers in all employments conducted for profit. Part-time employees, family members and volunteers are also included under the workers' compensation law.
• Employees of counties and municipalities engaged in work defined by the law as "hazardous".
• Public school teachers, excluding those employed by New York City, and public school aides, including New York City.
• Employees of the State of New York, including some volunteer workers.
• Domestic workers employed forty or more hours per week by the same employer (including full-time sitters or companions, and live-in maids).
• Farm workers whose employer paid $1200 or more for farm labor in the preceding calendar year.
• Any other worker determined by the Board to be an employee.
• All corporate officers if the corporation has more than two officers.
• Officers of one-or-two person corporations if there are other individuals in employment. These officers may choose to exclude themselves from coverage.

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Who is not covered Under the Workers' Compensation Law?

• Clergy and members of religious orders.
• People engaged in a teaching or non-manual capacity in or for a religious, charitable or educational institution. People employed in certain maritime trades, interstate railroad employees, federal government employees and others covered under federal workers' compensation laws.
• People, including minors, doing yard work or casual chores in and about a one-family, owner-occupied residence. Casual means occasionally, without regularity, without foresight, plan or method. Coverage is required if the minor handles power-driven machinery, including a power lawnmower.
• Certain employees of foreign governments.
• New York City police officers, firefighters, and sanitation workers. Uniformed police officers and firefighters in other municipalities may also be excluded.
• Certain real estate salespersons who sign a contract with a broker stating that they are independent contractors.
• Sole proprietors, partners, and one/two person corporate officers with no employees (although coverage may be obtained voluntarily).

Please feel free to contact our representatives to guide you via telephone +1-866-754-4460 +1-866-754-4460 or email at support@infotaxsquare.com for more detailed information.
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What are the disadvantages of a Professional Corporation?

The primary disadvantage to a professional corporation is the potential for "double taxation". This occurs when the 'Earnings and Profits' of a professional corporation are distributed to shareholders as 'Dividends'. These 'Earnings and Profits' were taxed first as 'Income' earned by the corporation, and again taxed as 'Income' to the shareholder when received as 'Dividends'. The potential for "double taxation" can be minimized, however, since the corporation is permitted to deduct a very broad range of business expenses.

To Read More: What are the disadvantages of a Professional Corporation?

Source: Business Document Filing in All 50 States.

Workers' Compensation Law

The Workers' Compensation Law became effective in New York on July 1, 1914. The law is administered by the NYS Workers' Compensation Board. Under the law, an employer is obligated to provide workers' compensation for his employees Workers' compensation insurance protects employers from liability for on-the-job injuries resulting in employee disability or death, providing injured workers with monetary relief and medical benefits, or, in the case of death, survivor benefits to their dependents.

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What are the advantages of a Professional Corporation?

A major advantage of a Professional Corporation is the limited liability the corporate entity affords its shareholders. Typically, shareholders are not legally responsible for the debts and obligation of the corporation, unless the shareholder has specifically agreed to assume personal responsibility for the corporate debts. This 'limited liability' benefit is generally limited by State statute, as to Professional Corporations (PC), in order to prevent a 'licensed professional' from avoiding liability for 'malpractice'.

To Read More: What are the advantages of a Professional Corporation?

Source: Business Document Filing in All 50 States.

How is a Professional Corporation or PLLC formed?

To register Professional Corporation the formation documents, the articles of incorporation for a PC, the proper state licensing body must often approve the formation documents before these documents can be filed with the Secretary of State. Further, the formation documents typically must contain the signature of a licensed professional as the incorporator, and that person's license number typically is required. Therefore, the filing time for professional entities is longer than the filing time for standard business entities.
To form professional corporation may be by filing a Certificate of Incorporation pursuant of the Business Corporation Law, includes any practice as an attorney and counselor-at-law, or as a licensed physician, and those occupations designated in Title Education Law (For a listing of professional services)
To start professional corporation a Certificate of Good Standing from the appropriate Division or a Certificate of Authority under seal from the State Department of Education, Division of Professional Licensing Services, must be submitted with the Certificate of Incorporation.

To Read More: How is a Professional Corporation or PLLC formed?

Source: Business Document Filing in All 50 States.

Why Professional Corporation form?

A professional corporation (PC) formed with the intention of engages in one of the learned professions, as the law, as medicine, or as the architecture. Traditionally, the professional corporations (PC) were forbidden of engages in such professions because they lacked the human, the necessary personal qualifications to follow them. In the recent years nevertheless most of the states promulgated a professional corporation (PC) or an association act that allows the professional persons to practice in the form of business provided that all shareholders are members of the profession.

To Read More: Why Professional Corporation form?

Source: Business Document Filing in All 50 States.

Professional Corporation

The Professional Corporations (PCs) are these entities of corporation for which many act of company make the special provision, regulating the use of the corporate form by licensed professionals such as attorneys, architects, engineers, accountants and doctors. A professional corporation is a corporation that is formed for the purpose of providing a professional service that by law a for-profit or nonprofit corporation is prohibited from rendering. A "professional service" means any type of service that requires, as a condition precedent to the rendering of the service, the obtaining of a license in the state.

The legal payments applying to the professional-companies differ typically from the important manners of those which apply to other companies. The professional orders, which can have a simple director or multiple directors, do not have the means usually this person or people the same degree of limitation of responsibility as for the ordinary companies of businesses. The Professional-companies often exist as an element of larger, more complicated, legal entity.

To Read More: Professional Corporation

Source: Business Document Filing in All 50 States.

INCOME TAX-FILING INFORMATION

Do i have to file return?
You must file a federal income tax return if you are a citizen or resident of the United States or a resident of Puerto Rico and you meet the filing requirements for any of the following categories that apply to you.
The filing requirements apply even if you do not owe tax.
1. Individuals—in general:
If you are a U.S. citizen or resident, you must file a return depends on three factors:
• Your gross income,
• Your filing status, and
• Your age.
Gross income. This includes all income you receive in the form of money, goods, property, and services that is not exempt from tax.
Filing status. Your filing status depends on whether you are single or married and on your family situation. Your filing status is determined on the last day of your tax year, which is December 31 for most taxpayers.
Age. If you are 65 or older at the end of the year, you generally can have a higher amount of gross income than other taxpayers before you must file. You are considered 65 on the day before your 65th birthday.

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Business Income or Loss:

If you operated a business or practiced your profession as a sole proprietor, enter the Business income or losses in the indicated space. Business income is income received for products or services sold. For example, fees paid to a professional person are considered business income. Rents paid to a person in the real estate business are business income. Payments received in the form of property or services must be included in income at their fair market value
As a sole proprietor, you file Form 1040 Schedule C, or Form 1040 Schedule C-EZ , with Form 1040, to report the profit or loss from your business. Also, you must file Form 1040 Schedule SE if you had net earnings (from Schedule C or C-EZ) in excess of certain limit.

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Business Income or Loss:

If you operated a business or practiced your profession as a sole proprietor, enter the Business income or losses in the indicated space. Business income is income received for products or services sold. For example, fees paid to a professional person are considered business income. Rents paid to a person in the real estate business are business income. Payments received in the form of property or services must be included in income at their fair market value
As a sole proprietor, you file Form 1040 Schedule C, or Form 1040 Schedule C-EZ , with Form 1040, to report the profit or loss from your business. Also, you must file Form 1040 Schedule SE if you had net earnings (from Schedule C or C-EZ) in excess of certain limit.

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Benefits of InfoTaxSquare.com Reseller Program

As a dealer, we work with to support yourself your customers. InfoTaxSquare.com uses your "the silent partner" and communicates only with you. The lawyers, the accountants, the financial counselors, tax with the counselors, the bankers and other people of trade that counsels small owners of matters chooses often to sell Infotaxsquare' the services. The additional advantages include:

• Support from InfoTaxSquare.com: The questions on our service offerings, the statute of an order, or do a need for the news without look at your online reports? Our Specialists of Incorporation are here to help.

• Enhance your offerings: The offerings of service of InfoTxSuare.com an extension of the why the customers come you. Accompany with Infotaxsquare furnishes you with the capacity to offer the timely services of incorporation and profitable, just like the other classifications of business as the foreign qualification, amendments, DBA, and a lot more. Besides, you can offer the registered services of agent and the tools of accordance of matters and the services. Infotaxsquare takes care of the details and you keep the relation of customer.

• Online account status: Use Infotaxsquare’s Online Status Center to view updated information 24/7 on any of the orders you place with us.
• These pay-per-sale programs are often amazingly easy to join: After carefully reading the terms and conditions, which vary from program to program. If someone follows the link and buys a product or service from the business, you receive a commission.
• 100% Satisfaction guaranteed
• You will get the credit same time

source http://www.infotaxsquare.com is providing business documents filing in all 50 states.

What is reseller program?

A reseller program is a phrase sometimes used to describe an affiliate program. Strictly speaking, it's a bit different.

A reseller buys products in bulk and resells them, collecting the money from the customer. In contrast, an affiliate does not handle the product and the money goes to the merchant, who pays the affiliate a commission. Reseller programs (also called affiliate program)

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How to register foreign corporation or foreign llc?

A foreign LLC or foreign corporation is generally required to get foreign entity qualification in the state by filing an application with the concerned authorities and paying a prescribed fee. In most states, registration requires disclosure of the LLCs name, state of organization and the name and address of the registered agent in the state for which the application is being made. InfoTaxSquare has made this process easy and simpler.



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Why should I apply for foreign entity certificates?

f you are going to start business transactions in the state other than the state in which you are currently doing business, then you must file for foreign entity with the hosting state (in which you want to conduct business). This act will help you to enjoy all benefits that a domestic corporation may have in that hosting state.

To Read More: Why should I apply for foreign entity certificates?

Source: Business Documents Filing In All 50 States

Who should apply for foreign entity?

All business entities who want to conduct their business in the state other than the state they were formed, must obtain authority to do so from the concerned state department. This process is commonly referred to as "foreign entity qualification" or "register foreign llc" or "register foreign corporation". By doing so, you will get rights to start your business in that particular state.

Typically, an entity needs not to register in another state if it will be conducting only a few isolated transactions in the state.

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What is Foreign Entity or foreign entity qualification?

A foreign business entity is an entity formed under a statute or common law in a jurisdiction other than the state in which your corporation was originally formed. The foreign LLC or foreign corporation is registered with the state where you want to do business. It is also known as Out-of-state entity.

For Example: If your company is incorporated in the state of California, but now you want to expand your business in the state of New York, then you would have to file as a foreign entity within the state of New York. In other words - you must apply for authority to conduct business in New York.

To Read More: What is Foreign Entity or foreign entity qualification?

Source: Business Documents Filing In All 50 States