Posted by Paul

Here are my most recent posts

Five Mistakes Start Ups Make

Check out #2 from the excerpt below from this article with five mistakes start ups make. You’ve got a fabulous new idea. It’s an idea that you believe will pick up steam, buzz. You might even be planning to approach a venture capitalist soon. At this early stage, you might be thinking of doing the [...]

Posted by Paul Sponaugle on Tuesday, May 8th, 2012
Posted in Articles of Interest, Delaware, Delaware in the News
Tags: Articles of Interest, Delaware, Delaware in the News, Startup

Changing Your Company Name with the IRS

Have you thought about changing the name of your corporation or LLC, or have you recently changed the name of your business? If so, it’s your responsibility to make sure everyone knows it, including the IRS. The specific action can vary depending on entity type, but under most circumstances changing a business entity’s name will [...]

Posted by Paul Sponaugle on Monday, October 10th, 2011
Posted in INC Knowledge
Tags: INC Knowledge

EIN Order Form Now on Delawareinc.com

Whether it’s changing the name of an entity or re-organizing an entity, changes like this always seem to raise the question, “Do I need to get a new EIN?”  Ultimately that decision will be made by the IRS, but as general rule of thumb, any time a business re-organizes it will need a new EIN [...]

Posted by Paul Sponaugle on Wednesday, July 6th, 2011
Posted in HBS Announcements
Tags: EIN, HBS Announcements, IRS

101: Doing Business In California

We get asked all the time, “If I incorporate a business that will be located in California and will be strictly on-line with no principal office location, do I still have to register to do business in California?”  Anyone that has done business in California knows why someone may ask that question – TAXES!!!!! Before [...]

Posted by Paul Sponaugle on Monday, June 6th, 2011
Posted in 101
Tags: 101, California, Taxes

Driving Your Way Towards Tax Savings

If you have a single member LLC then there’s a good chance that the vehicle you drive “on the clock” is the same car you drive “off the clock”.  If a separate work vehicle is not a viable option then writing off expenses on your personal vehicle is a great opportunity for tax savings, but [...]

Posted by Paul Sponaugle on Monday, February 14th, 2011
Posted in Articles of Interest
Tags: Articles of Interest, Taxes

The Tax Man is No Longer Going Postal

In an announcement on October 27, the Internal Revenue Service revealed that Individuals and business taxpayers will no longer receive tax packets in the mail.  The cost savings benefits are obvious, but the move comes after continued growth in electronic filing. It is estimated that 96 million individual tax returns were e-filed in 2010.  In [...]

Posted by Paul Sponaugle on Monday, November 22nd, 2010
Posted in Articles of Interest
Tags: Articles of Interest, Taxes

Email Marketing: All Aboard

Whether it’s promoting a new product or reminding customers of a deadline, email marketing is a quick, easy and affordable way for you to get your message out to your customers.  There are a number of companies out there that provide tools for launching and tracking your own email marketing campaigns.  But before you sign-up [...]

Posted by Paul Sponaugle on Tuesday, October 19th, 2010
Posted in Articles of Interest
Tags: Articles of Interest, Marketing

Cash Balance Pension Plans Offer Viable Alternative to Traditional 401K

If you’re a small business owner closing in on retirement, these last 18 months may have you reconsidering the transition, especially if your 401(k) took the plunge with the nation’s economy.   Now your five year plan is a 10 year plan, so in an effort to catch up you begin tossing excess profits into a [...]

Posted by Paul Sponaugle on Monday, October 11th, 2010
Posted in Articles of Interest
Tags: Articles of Interest, Taxes

The LLC is Just One Form Away From S-Corp Status

If you were to walk into an accountant’s office, and explain to them that you are a small business owner running a sole proprietorship looking to form a company, what type of corporate entity do you think they would tell you to form?  There’s a real good chance the first words out of the tax [...]

Posted by Paul Sponaugle on Tuesday, September 7th, 2010
Posted in Limited Liability Company, S-Corporation
Tags: Limited Liability Company, S-Corporation

Clear Definition: Just One More Reason to Form an LLC in Delaware

I recently stumbled upon an article that I found absolutely fascinating considering my line of work.  In the July 7, 2010 edition of Masuda Funai’s Business Update, Stephen Proctor asks,” Is a limited liability company bound by its own operating agreement?” Now let’s think about this.  How could the LLC not be bound by its [...]

Posted by Paul Sponaugle on Tuesday, August 31st, 2010
Posted in Delaware, Limited Liability Company
Tags: Delaware, Limited Liability Company

Delaware Superior Court Establishes the CCLD

In my last article, we took a look at Delaware’s Court of Chancery and how its rich history is a part of the Delaware advantage.  From that post we learned that the Court of Chancery hears matters of equity where no legal precedent is established, but what happens to business litigation that is purely legal [...]

Posted by Paul Sponaugle on Monday, June 14th, 2010
Posted in Delaware
Tags: Court of Chancery, Delaware

The Court of Chancery: Part of the Delaware Advantage

Delaware’s reign as the nation’s number one place to incorporate is no secret, but what remains a secret to so many is the reason why it is number one. Actually, Delaware’s “corporate crown” can be credited in large part to a court system whose roots reach back to feudal England. In its infancy the Court [...]

Posted by Paul Sponaugle on Tuesday, June 1st, 2010
Posted in Delaware
Tags: Court of Chancery, Delaware



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