Understanding Risk Management

Understanding Risk ManagementRisk management covers a wide range of business functions including; business legal entity selection and maintenance, insurable areas, safety management, financial accuracy and theft protection, employee actions, and more

Insurable risks of loss

The fact that your business is a limited liability entity helps manage risk to other assets but does not relieve you from certain legal insurance requirements. The following insurances represent the basic types of insurance required.

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How to Get Up and Running

How to Get Up and Running - or What to Do After Filing Your Articlesor What to Do After Filing Your Articles

Warning! Contrary to some people's thinking, just filing Articles of Incorporation or Articles of Organization and receiving your Certificate of Authority as a corporation or limited liability company, does not make your business an operating entity

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The IRS Wants More of Your Money!

Trying to keep more of your moneyThe Ground Rules in Playing the Tax Game with IRS Have Been Changed

If you have a business with deductible expenses and you want to keep these deductions, you must have solid documentation of all business expenses.

Here is what is happened already:

  • Over the past several years the IRS has addedmany new forms to track your financial activities.
  • Many of these new forms, prepared by banks, brokerages, title companies, and other financial institutions, are filed electronically.
  • IRS computers cross-match the information from these forms to various income tax returns. A process made more efficient by electronically filed tax returns.
  • Computer capabilities have dramatically increased enabling the computers to process more return information to determine audit potential.

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