Incorporating a business is an important decision for any entrepreneur, and many of our clients wonder where they should start their business adventure. The U.S. offers various advantages for incorporation. We will break down the aforementioned benefits into 8 essential elements in this article, and will help you make an informed decision about whether to
The short answer is: No, you don’t need a company to sell on Shopify. But the answer can change according to your goals and priorities for your business. Let’s explore the pros and cons of having a company for Shopify and what it entails. Pros of having a company for Shopify Having a company for
Incorporating your affiliate marketing business can offer several benefits, such as protecting your personal assets and providing tax benefits. In this post, we’ll discuss the benefits of incorporating your affiliate marketing business, how affiliate marketers pay taxes, and the best states to incorporate your business. What is affiliate marketing? Affiliate marketing is a type of
An operating agreement is a crucial legal document that defines the internal operations and structure of a Limited Liability Company (LLC). In this blog by Afterglow, we will explore the LLC operating agreement’s definition, purpose, importance, structure, clauses, requirements, benefits, and how to create one for your business, including e-commerce businesses and single-member LLCs. LLC
What is dropshipping? Dropshipping is a business model where a store sells products without having to keep inventory or ship products to customers themselves. The retailer works with a supplier who manufactures and/or warehouses products and packages them. In most cases, the supplier also ships the products directly to the retailer’s customer on their behalf.
If you’re looking for a more modern and flexible banking experience, you may have heard about neo-banks. But what exactly are they, and what benefits do they offer over traditional banks? Definition of Neo-bank A neo-bank, also known as a digital bank or an online bank, is a financial institution that operates entirely online without
Starting a business involves making many decisions, including choosing the legal structure. One option is a disregarded entity, which isn’t recognized for corparate tax purposes. This means the owner reports the business’s income and expenses on their personal tax return, like a sole proprietorship. What is a Pass-Through Entity? A pass-through entity is a
Incorporating in Delaware is a popular option for many business owners. This is because Delaware provides numerous benefits to businesses that locate there. Here are the top five advantages of incorporating in Delaware: Favorable Taxation – Delaware has one of the lowest corporate tax rates in the nation, and no personal income tax. If not
If you are a business owner or are thinking of starting a business, you will need an EIN. It is important to understand why you need an EIN and how it can benefit you. An EIN, or Employer Identification Number, is a unique nine-digit number assigned by the IRS to identify the tax accounts of
If you are a non-resident alien in the US, you may have heard of ITIN, or Individual Taxpayer Identification Number – but what is it exactly and why do you need it? Simply put, an ITIN is a nine-digit tax identification number issued by the IRS to individuals allowing them to comply with the US
