Ask SmallBizClub
How can I track the performance of ads in publications?
Some forms of advertising lend themselves to a manual compilation of the customer usage and ROI calculations, for example: coupons, specific products, or price points. Also, customer surveys and direct inquiries (“how did you hear about us?”) methods are used.
What form do I need to file to let the IRS know 1) ownership of the company has changed and 2) the EIN is either transferred or no longer used?
Business sale considerations: Even if your LLC is no longer operating, you cannot transfer the ownership of your LLC and its legal name from yourself to the buyer by completing a form that you submit to the state or federal government. The paperwork required to transfer ownership of your LLC to the buyer and the state and federal notification process (when required) will depend on your specific sale transaction. Also, the tax status of the LLC will impact the process.
Where can we find a handset compatible with our current telephones in our office?
Office telephone systems like the RCA Visys System are proprietary systems. What this means is that a Nortel or Panasonic handset will not work with an RCA Visys phone system. Handsets must be from the same manufacturer and then compatible with your existing model.
Where could I find independent contractor sample contracts that are legit?
Converting workers you have treated as employees to independent contractor status is particularly risky when the workers will hold the same jobs as contractors as they did when they were classified as employees. Often such conversions will trigger IRS scrutiny and an employment tax audit.
If our company is going to let employees drive a company vehicle home at night, what coverage should we have in place to protect our business?
While we can offer general business advice on insurance issues and you can research insurance requirements yourself, we recommend that you discuss the fact that your business vehicles will be parked at your employees’ homes at night in order to clarify the proper insurance policies, policy content, and recommended coverage limits for your operations with a qualified business insurance agent.
Seeking Investors
Investor solicitation laws and paperwork. It appears Reg D Rules 505 or 506 would be applicable to a $3 million securities offering. A comprehensive business plan is always a good starting point; however, large investor solicitations have investment risks, other purchaser disclosure, and financial information requirements.
Can a three member LLC, being taxed as a partnership, place the three members on a payroll service with other employees of the company?
The members of an LLC taxed as a partnership cannot take W-2 salaries or wages like employees of the LLC and cannot therefore have their compensation processed through a payroll service. However, they make take salaries in the form of “guaranteed payments” and profit distributions from the LLC as discussed in greater detail below.
Is social media important?
The importance or value of social media advertising and marketing varies by the business product or service, target audience, and other factors. Just like other types of advertising, it is often necessary for a business to test new advertising methods in order to obtain in-market results that indicate effectiveness.
Could you please advise me on how I should go about creating an employee handbook?
I am interested in taking my company public. How would I go about doing this?
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