A UCC lien filing, or UCC filing, is a notice lenders file when a business owner takes a loan against an asset. A UCC filing gives lenders a claim on assets a debtor pledges as collateral. The term originates from the Uniform Commercial Code (UCC), a set of rules governing commercial transactions. Strong borrowers may…
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LegalZoom vs Rocket Lawyer: Which Is Best?
LegalZoom and Rocket Lawyer provide similar online legal services. Where they differ is pricing, ease of use, intellectual property services, and customer service. LegalZoom has more affordable ongoing single services like access to their legal document library. Rocket Lawyer provides comprehensive services in an affordable monthly membership, which includes legal advice and unlimited legal documents….
Federal Labor Laws & State Employment Laws
Federal labor laws, like the Fair Labor Standards Act (FLSA), and related state laws affect all businesses with employees. They govern workforce practices like overtime, minimum wage, on-call pay, employee breaks, and sick leave as well as hiring minors and preventing discrimination. Employer compliance with labor laws can help you avoid thousands of dollars in…
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Employee Handbook: Definition, Features & Costs [+Free Sample]
An employee handbook serves as a document covering the rules and conduct expected of your employees. It’s a reference for questions that workers may have about your business expectations and key policies, such as benefits, dress code, and work schedules. The easiest way to create one is to start with an employee handbook template. While…
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How to Create an Internal Corporate Credit Card Policy Agreement
A corporate credit card policy explains the usage, eligibility, and requirements of a company credit card. Corporate credit card policies are internal agreements between an employer and its employees, and it outlines the acceptable and unacceptable use of corporate credit cards. Such policies define expectations related to card repayment, expense reimbursement, liability, and credit limits….
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Employment Contract: Definition, Cost & More [+2 Free Templates]
An employment contract is a written employment agreement documenting the shared rights and responsibilities between your company and a W-2 or 1099 contract worker. It’s typically used when bringing in higher-level management employees, short-term contract employees, or freelancers. As a document signed by both parties, an employment contract is enforceable in a court of law….
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Self Employment Tax Rates 2018 & How to Lower Your Tax Bill
The self employment tax rate includes both Social Security and Medicare taxes. Anyone who makes $400 or more in self employment income must pay self employment taxes. For 2017, you will pay between 15.3 percent to 16.2 percent in self employment tax if you make $400 or more in self employment income; quarterly tax payments…
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Registered Agent Services: Definition, Cost & Providers
A registered agent is your company’s official contact person and is required for every registered business in every state. Most states don’t allow your LLC to serve as its own agent, but you can personally serve if you meet state requirements. It’s best, however, to choose a third party who’s always available to receive important…
How to Create an LLC Operating Agreement [+ Free Templates]
An LLC operating agreement is a binding contract between members describing how profits and losses are shared and whether your LLC is member- or manager-managed. It serves to resolve member disputes, dictate responsibilities and more. Operating agreements aren’t always required by law but have an attorney or legal service draft one to include in filing…
C Corporation Definition, Advantages & How to Set One Up
A C corporation is a business structure reserved for larger public companies or those seeking investments. This is because, unlike LLCs and S-corps, administration is expensive and owners are subject to double taxation. Understanding what a C corporation is important for liability protection and the ability to have unlimited shareholders, different voting classes, and foreign…
How to Create a Business Partnership Agreement [+ Free Template]
A business partnership agreement is a contract between partners that contains terms like the business’s purpose, partner contributions and voting rights. A partnership agreement isn’t required to form a general partnership and doesn’t have to be filed with your state. However, have your partners sign one to create a legally enforceable document for resolving disputes….
How to Set Up an LLC on LegalZoom in 7 Steps
An LLC is a business structure that provides its members tax and liability benefits. Filing LLCs is a state-specific process, so it’s important to draft accurate articles of organization with your state. You can file an LLC yourself, but we recommend hiring an attorney or legal service to show you how to set up an…
