Wednesday, July 24, 2013

Business Cred: "Good Standing" And Why Your Business Needs It

Operating your business as a legally formed entity, such as a corporation or a limited liability company, means that you have an obligation to keep the entity in good standing by filing the required annual reports and paying any required taxes and fees. Failing to do so not only jeopardizes your ability to expand into other states, but you may forfeit your limited liability protection as well.

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