29 Feb '16, 3pm

How to avoid late fees (and worse fates) for your business

How to avoid late fees (and worse fates) for your business

Incorporating (S-corporation or C-corporation) or forming an LLC gives your small business numerous benefits — and the responsibility of staying in compliance with certain federal and state rules and regulations. You have certain obligations and paperwork to file each year. If you miss any steps or your deadlines, you may be charged late fees and penalties or even put your business at risk of going into bad standing with the IRS or the state. That could result in losing your personal liability protection — and acquiring a major headache. Ouch! To ensure you stay compliant with the rules and regulations that apply to you — and avoid late fees or worse — you should get professional legal, accounting and tax advice. In the meantime, here are some key compliance responsibilities requiring timely action. Be sure to keep them on your radar. Set up a separate bank account for you...

Full article: https://www.godaddy.com/garage/smallbusiness/manage/how-t...

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