New Sections for Businesses and Employers
All Starr Bookkeeping now has a FAQs section for small and medium businesses, that wish to contract with us. In addition, we have a FAQs section for employers, that wish to hire one of our bookkeepers for Temp or Part Time work.
As always, we are expanding the services we offer to the global community, and felt the need to offer different sections, for the different types of clientele we work with. While we have been working with small and medium businesses, we have expanded our outreach to include employers who may wish to hire new temp or part time workers.
Separate Yourself From Your Business
Many business owners own and operate their businesses as sole proprietorships. The only problem with this is that in the event the company is sued, the owner’s individual assets (such as their cars or home) are fairly easy to attack or attach in a court of law.
The solution to this, or at least a way to limit the possibility that the owner’s personal assets might be the target of a suit, is to have a trust own the business. A trust is a legal entity that, in most cases, files its own tax return and can own property, businesses, cash, securities and a host of other assets. If a business is owned by a properly established trust, and it is sued, in most cases the only assets that can be attacked or attached in a court of law are those that are in the trust itself.
Incorporating separates your company’s finances from your own. This makes your house and personal wealth safe from attack even in the event you lose your business in a judgment. The downside to incorporating can come from understanding and keeping up with the additional laws, reports and taxes that the government requires for a corporation.