Random thoughts about starting a business…
Most folks are best served by starting out as a sole proprietor.  Create the more sophisticated entities (Sub S, Corp, Partnerships, LLC) if things take off.  Save yourself the time and expense of incorporating until after the company is established.
Partnerships rarely work out.  Something like 8 out of 10 partnerships [...]

I have a non-profit customer that received their 501(c)(3) status in 2004.  At that time you were given something called an Advance Ruling Ending date.  This meant that at the Advance Ruling Ending date you needed to submit additional documentation via Form 8734 to substantiate that you were in fact operating as a non-profit.  The [...]

Happy New Year.  I’m one of the few people that looks forward to tax season - but hey, it’s what I do for a living.  Hope to see you in the upcoming months.  I’m not looking forward to late nights and limited sightings of my family, but I am looking forward to helping my clients [...]

Welcome to the Fair Tax Inc blog.  I hope to bring you the occasional update on what’s happening in the tax world filtered through me.  The focus will be on the general Fair Tax Inc customer and meeting their needs.  The tax world is constantly evolving, most of it having no significance to the folks [...]