January 2018 Archives

What should you be looking for in an investment partner?

If you are looking for investors to back your company and help you scale your product or service, it is imperative that you look for the right qualities to find a partner who truly understands your vision and is committed to your mission. Whether you are looking for local investors in Tennessee or branching into a national search, understanding the basic qualities that you should require of the investors you select to help you build your business will give you a better chance at seeing a return on your investment.

What is a QDRO? Retirement account division in a divorce

Some of your marital assets are fairly easy to divide during your Tennessee divorce negotiations. However, your spouse's retirement accounts are not as straightforward, with the possibilities of taxes, penalties and other problems looming if things are not done just right. According to FindLaw, one tool often used in these situations is a Qualified Domestic Relations Order.

What is a 501(c)3 organization?

If you are involved with a Tennessee religious, charitable, educational or scientific organization, your organization could benefit greatly from obtaining 501(c)3 status. As the Foundation Group explains, a 501(c)3 organization is one that receives favorable treatment from the Internal Revenue Service and the state taxing authority.

What licenses and permits will you need to do business in TN?

After coming up with a product or service, but before making it available to the public in Tennessee, you will need to apply for all the necessary licenses and permits. Depending on your plans for your company, you may not need many, but certain types of businesses require more than others. Failing to acquire the appropriate licenses and permits could lead to fines and other penalties.

The Ins And Outs Of Commercial Leases

Leasing commercial space can be one of the more frustrating aspects of starting, or further developing, a business. A range of considerations – rent, duration, location, design, floor plan, capacity (to name a few) – must be taken into account.  

Why does it matter if you are a legal employee of your church?

Even though your Tennessee church is a tax-exempt organization, as its minister, you still have to pay income tax. Whether you are self-employed or an employee of the church may make a difference in what forms you use to pay your taxes, and what your exemptions are. However, you must pay income tax on all of your earnings.

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