Are your contributions to crowdfunding websites such as Kickstarter, GoFundMe and YouCaring etc.. qualified for a tax deduction on your taxes?  The answer is no.  The IRS only allows deductions from Qualified Organizations.   The definition of a Qualified Organization by the IRS: A qualified organization should be presented as a 501(c)3 and usually will…

Wipe Out Social Media! Living in a world full of social media we get caught up in the web of posting, liking, following and wanting to get likes, follows and subscribers. And although Social Media is a powerful tool to grow your business, make sure you manage it correctly.  If you spend at minimum 30…

Partnership The best partnerships aren’t dependent on a mere common goal but on a shared path of equality, desire, and no small amount of passion. – Sarah MacLean  WHAT IS A PARTNERSHIP A partnership is a business in which two or more individuals share the responsibilities of ownership. Every partner of the business is responsible…

S Corporation It’s not how much you make, it’s how much you keep. – Robert Kiyosaki WHAT IS AN S CORPORATION This is a type of corporation which is formed through the election of the IRS tax. The IRS defines the S corporation as a company which has a separate legal entity, apart from its owners….

LIMITED LIABILITY COMPANY (LLC) There are no secrets to success. It is the result of preparation, hard work, and learning from failure. -Colin Powell WHAT IS A LIMITED LIABILITY COMPANY (LLC) The LLC is a corporate structure according to which, the members of a business cannot be held personally accountable for the liabilities and debts…

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