Do you know the difference between a PTO and PTA school organization? These are two common types of Non-Profit Organizations as defined by the IRS. The PTA “Parent Teacher Association” and the PTO “Parent Teacher Organization” have distinct differences between the two. A Parent-Teacher Association (PTA) is defined as “an organization of local groups of […]

Do you know the difference between a PTO and PTA school organization? These are two common types of Non-Profit Organizations as defined by the IRS. The PTA “Parent Teacher Association” and the PTO “Parent Teacher Organization” have distinct differences between the two. A Parent-Teacher Association (PTA) is defined as “an organization of local groups of […]

Does a non profit organization have a need for an employer identification number? Just like any other organization, it is important for the non profit group to have their own Tax ID (EIN) number. The need for the non profit organization to have an employer identification number is the same as any other business. The […]

Does a non profit organization have a need for an employer identification number? Just like any other organization, it is important for the non profit group to have their own Tax ID (EIN) number. The need for the non profit organization to have an employer identification number is the same as any other business. The […]

If you are running a corporation, one of the big questions you will often have is whether you will need an Employer Identification Number or EIN. A Tax ID (EIN) number is going to be a requirement if you intend to be in good standing with the Internal Revenue Service. You want to think of […]

If you are running a corporation, one of the big questions you will often have is whether you will need an Employer Identification Number or EIN. A Tax ID (EIN) number is going to be a requirement if you intend to be in good standing with the Internal Revenue Service. You want to think of […]

The definition of a Corporation (C-Corporation) is an entity type recognized by the federal government and the IRS as a standalone entity that is taxed separately from its owners. In other words, the owners file their individual tax returns separately from the tax returns of the corporation. Corporations are ideal for businesses that will eventually […]

The definition of a Corporation (C-Corporation) is an entity type recognized by the federal government and the IRS as a standalone entity that is taxed separately from its owners. In other words, the owners file their individual tax returns separately from the tax returns of the corporation. Corporations are ideal for businesses that will eventually […]

The Internal Revenue Service has a variety of definitions for topics related to retirement accounts for employees. These can include things such as a 401(k) plan, a defined benefit plan, as well as other types. For all of these, you are going to have what is known as a “plan administrator”. What exactly is a […]

The Internal Revenue Service has a variety of definitions for topics related to retirement accounts for employees. These can include things such as a 401(k) plan, a defined benefit plan, as well as other types. For all of these, you are going to have what is known as a “plan administrator”. What exactly is a […]

What is a homeowner or condo association to the Internal Revenue Service? A homeowner or condo association is a type of membership organization that you form as a real estate developer. The idea is to create an organization so that you can have common areas to protect certain pieces of property. You may have condos […]

What is a homeowner or condo association to the Internal Revenue Service? A homeowner or condo association is a type of membership organization that you form as a real estate developer. The idea is to create an organization so that you can have common areas to protect certain pieces of property. You may have condos […]

IRA stands for Individual Retirement Account or Individual Retirement Arrangement. This is different from traditional 401(k) accounts, as IRAs are more unique. As an individual, you want to have a firm grasp over the various definitions of these types of retirement accounts. An Individual Retirement Account or IRA is an individual account or annuity that […]

IRA stands for Individual Retirement Account or Individual Retirement Arrangement. This is different from traditional 401(k) accounts, as IRAs are more unique. As an individual, you want to have a firm grasp over the various definitions of these types of retirement accounts. An Individual Retirement Account or IRA is an individual account or annuity that […]

As a limited liability company, you need to do certain things to function as a working organization. One of these things or requirements will be the need to have your bank account. Having a bank account in the name of the LLC is important as it allows you to operate effectively, and in a way […]

As a limited liability company, you need to do certain things to function as a working organization. One of these things or requirements will be the need to have your bank account. Having a bank account in the name of the LLC is important as it allows you to operate effectively, and in a way […]

A farmer’s cooperative is something that is recognized by the Internal Revenue Service quite commonly and is also known as a farmers’ co-op or an agricultural cooperative. The idea here is that a group of farmers will come together, pool all of their resources into a certain area or activity. They will then work for […]

A farmer’s cooperative is something that is recognized by the Internal Revenue Service quite commonly and is also known as a farmers’ co-op or an agricultural cooperative. The idea here is that a group of farmers will come together, pool all of their resources into a certain area or activity. They will then work for […]