Tuesday, March 30, 2010

Trade Mark/Service Mark

What is the difference between a service mark and a trademark?
A service mark is used in connection with services, while a trademark is used in connection with tangible goods. The general terms "mark" or "trademark" may be used to describe both trademarks and service marks.

Do I need to register my trademark?
No. It is not required that you register your trademark or service mark in order to establish ownership rights. Registration of the trademark creates a legal presumption of the registrant's ownership of the mark and the registrant's exclusive right to use the mark in the state commerce in connection with the goods or services described in the application.

Source: http://www.infotaxsquare.com

Monday, March 29, 2010

Annual Report

Uses of Annual Report

Information from the annual report is public and forms the core of the State's corporate/ business status reporting system. This information is relied on heavily by the commercial, financial and legal sectors.
Who is the Signing Authority?
Individuals who may sign the annual report are specifically designated. For corporations / LLCs, either the registered agent or a corporate officer may sign. Annual reports for other business types may be signed by any authorized representative.
All corporations and LLCs are required to file annual reports, statement of information or biennial reports, even if no business is being transacted.

Source: http://www.infotaxsquare.com/

Company Name Reservation

If you are not ready to incorporate or form a limited liability company (LLC), but would like to reserve your business name, Infotax Square offers state Name Reservations. Once a name you selected for your company is available, we can reserve that company name for you for a certain period of time. Allowed reservation time frames depend upon the state. The name of a corporation, LLC, limited partnership (LP), limited liability partnership (LLP) or nonprofit corporation must be distinguishable on the records of the state government. If the name is not unique, or if it is already in use by another business formed in that state, the state will reject the formation documents.

Source: http://www.infotaxsquare.com

Why do Anyone need Registered Agent and How much It Cost?

Most states require that a registered agent be listed for the business in the state of incorporation or a state in which it is doing business. The state will suspend any company if it fails to maintain an agent. The purpose of the Registered Agent (sometimes referred to as a Resident Agent) is to maintain a consistent physical legal address in the state in which it is incorporated or doing business. It also will receive governmental and legal correspondence, including your annual report, any delinquency notices and many other documents that your company may be required to respond or take action.

How much does it cost?

Registered Agent fees are $159 per year payable in advance. You may cancel registered agent services at anytime as long as you provide proof that another agent has been named in the state of incorporation or that the business is no longer active. Remember, in order for your business to maintain good standing status it must also maintain a Registered Agent.

Source: http://www.infotaxsquare.com

Benefits and Necessity of Registering a Trademark

There are numerous benefits to registering a trademark and utilizing the trademark services of a lawyer. Registering a trademark heightens the protection it receives, deters others from using your trademark, and increases the remedies should someone infringe upon the trademark. Using a trademark lawyer increases the likelihood of receiving all of the benefits discussed below.
• Registering a trademark provides greater Protection.
• Registering a trademark deters others from using your trademark.
• Registering a trademark provides the trademark owner with greater remedies.

Source: http://www.infotaxsquare.com/

Friday, March 26, 2010

What is sales tax?

Sales tax is imposed on all retail sales, leases and rentals of most goods, as well as taxable services. In other words a sales tax is a tax on the end-purchase of a good, so it normally does not apply if a sale is for re-sale or for subsequent processing. Sales tax normally a certain percentage that is added onto the price of a good or service that is purchased.

Your sales tax responsibilities as a new business owner, whether you start a business or buy an existing business, will vary depending on the type of organization or entity you operate. Besides state level, estimation of sales tax is also done on municipal or county levels. Payment of state sales tax depends on your sales and your state's regulations.

Normally it is the consumers who are burdened with sales tax. The re-sellers on the other hand, are exempted from sales tax, provided they do not use the goods on which sales tax is levied.

Source Infotaxsqaure

How To get a DBA?

Infotax Square has made simple and easy for you to apply for DBA, trade name, fictitious name registration, or assumed business name, We handle all the state, county, and in some cases, city requirements where a business is planning to use a name in addition to ensuring the publication requirements are met for the appropriate jurisdictions.

Source infotaxsquare