Does your business structure affect how you pay taxes? The short answer is, yes, it does. Your business structure determines both how you pay and how much. Different business structures involve different tax structures. James C. Provenza is a Chicago area attorney that advises clients on business … [Read more...] about Does Your Business Structure Affect How You Pay Taxes?
There are many different legal requirements associated with operating a non-profit organization in the state of Illinois. This includes an annual filing of Form AG990, an annual financial report that must be completed by organizations within six months after the organization’s close of the fiscal … [Read more...] about Can You Help My Nonprofit with Form AG990?
As you consider starting a small business, you should think what business structure is best for small businesses. When you're ready, there are a few decisions that you'll have to make regarding a structure. Much will depend on the type of business you have and how many people are involved. … [Read more...] about What Business Structure is Best for a Small Business?
The decision to incorporate is an important one. Not all nonprofit organizations decide to become a corporation. There are many reasons why a nonprofit organization would choose to incorporate, and some situations where organizational leaders may not feel that it’s worth the investment. In this … [Read more...] about Why Should a Nonprofit Incorporate?
Non-profit organizations are businesses and every business needs a business structure, even if the sole purpose of creating and operating the organization is not to generate profit for shareholders. Deciding on how to structure a non-profit organization is one of the first and most important … [Read more...] about What Should My Business Structure Be?