As we near the end of another year, it is a good practice to ensure your business complies with confirming its good standing with its State. We recommend reviewing the following eight items to ensure your business’ legal and compliance tasks are covered.
- Annual Report Filings
- Member or Shareholder Meetings
- Reporting of Business Changes
- Income Tax Payment Status
- Independent Contractor Tax Related Forms (W9’s for 1099-NEC reporting)
- Payroll Tax Registration
- Business Structure Suitability
- Business Expansion beyond State Boundaries
Some of these items may not pertain to your business but are good to review. The following article from Accounting Today provides more detail into each item listed above. If you have any questions or need assistance, don’t hesitate to contact us.
