Blog for Maine BusinessesMaine Business Law INSIGHTS
Five Reasons Business Owners Need Estate Plans
Five Reasons Business Owners...
Remote Employee’s Time
Employers may be required to pay nonexempt employees for work completed at home, even if the work was completed without the employers’ knowledge. Here’s why you should track remote employee’s time.
Most elements of business branding—name, logo, design—are readily available online, making it easier for people to knowingly or unknowingly use the intellectual property of others. As a business owner, you must prioritize both protecting your own trademarks and avoiding infringement of others’ marks.
Obtaining Loan Forgiveness through the Payment Protection Program
Obtaining Loan Forgiveness...
Re-opening after Covid-19
How to Reopen Your Business...
What Small Business Owners Should Know About the COVID-19 Stimulus Package
The federal government has earmarked $377 million to help small businesses avoid failure and encourage them to retain their workforces. Here are the most important things for small business owners in MidCoast Maine need to know about the CARES Act.
COVID-19 Prompts Fed to Delay Tax Payment Deadline
To help answer common questions about the 2020 tax season, we’ve created a tax “cheat sheet.
What Is an S Corporation and Should I Form One?
Contrary to popular belief, the S corporation is not a distinct entity type. According to the Internal Revenue Service (IRS), an S corporation is a corporation that has elected treatment as a pass-through entity for federal income tax purposes under Subchapter S of the Internal Revenue Code.
Understanding How LLC Members Pay Taxes
Limited liability companies (LLCs) are one of the most popular types of business entities. The LLC’s flexible taxation options are one reason it is preferred; LLC members can, for the most part, choose how they would like to be taxed. The LLC enjoys this flexibility because the Internal Revenue Service (IRS) does not recognize it as a distinct entity for federal tax purposes
Filing Business Taxes in Maine
For most entrepreneurs, handling business taxes is a daunting but necessary task. The complexities of tax preparation often lead business owners to procrastinate or neglect proper record keeping and tax deadlines.