Business Law FAQs

• Q: Do I need business insurance?
  A: Most businesses need some kind of insurance coverage. The type of coverage varies from business to business and many companies need more than one type of … More
• Q: Do I need a Taxpayer Identification Number
  A: A taxpayer identification number (TIN) is a number used by the Internal Revenue Service (IRS) to identify people and companies. Most companies need to file with … More
• Q: How often do I need to pay taxes?
  A: If you operate a business then you will need to pay your federal and state income taxes and your self employment tax at least annually and likely more often than … More
• Q: What benefits must I legally provide to my employees?
  A: The type of benefits which an employer must provide to his or her employees depends on the number of people employed by the company and the state(s) in which the … More
• Q: How do I register a domain name for my online business?
  A: Registering a domain name, or your website address, is an important step for your business. The first thing that you need to do is come up with a domain name that fits … More
• Q: I want to do business online. Do I need to charge state sales tax?
  A: Currently, an online seller has to charge sales tax if that seller has a physical location in the state where the online customer is located. It does not matter … More
• Q: Do I need to develop terms and conditions for my business website?
  A: Yes, creating and posting terms and conditions for your website is probably a good idea. However, it is important that you think carefully about those terms and … More
• Q: How can I collect money that is owed to me by my customers?
  A: It is can be difficult and frustrating to have money that is legally owed to you by customers and not have the customers pay on time. After sending an initial … More
• Q: What is an "S" corporation?
  A: There are several different types of corporations from which business owners can choose when they initially set up their business. One type of corporation is an … More
• Q: What is a "C" Corporation?
  A: A C corporation is the most common type of corporation. The “C” refers to the subchapter of the Internal Revenue Code which explains the rules of … More
• Q: What Is Limited Liabilty?
  A: Limited liability is a principle of business law which shields the owners of a business from the business's liabilities.  Owners of a business which … More