Entries for June 2010

 With the credit crisis, rolling over a 401(k) to fund a startup business is becoming an attractive option.  However, with anything that seems like a good idea involving the terms "tax-free" or "tax-deferred," the IRS is swooping in to make sure they're not missing out on any taxable revenue.   The proper procedure requires the en...

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By popular demand, here is the checklist for starting a business in Las Vegas, Henderson, North Las Vegas, Boulder City and Clark County. 1.  Choose a name. Start with my article Naming Your Business.  Make sure no one else has it.  When you've chosen a name, move on to step 2. 2.  Figure out your business address. Whether y...

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Many businesses are familiar with the method of reporting payments to independent contractors to the IRS.  Request a W-9 form from the contractor, keep track of how much you pay them, and any contractor who receives more than $600 in a year gets a 1099-MISC form from the company.  Easy, right? Now imagine you have to apply that $600/year...

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