Showing posts with label business structure. Show all posts
Showing posts with label business structure. Show all posts

10 Google Chrome Web Store Apps to Help You With Your Business

Google Chrome is one of the most widely used web browsers and the Chrome apps make it a great addition to any business, home-based or otherwise. 

What are Google Chrome Web Store Apps?

The basic idea of Google Chrome Web Store apps is to enable the user easy access to many of the applications they use without having to go leave the web or sign into the actual program.  

Applications are designed so that you do not have to leave your office space to purchase software to enhance your business. Instead, you can access them quickly especially if you have the extension installed on your web browser. Chrome apps also include customized versions of websites, games, editing tools, publishers, and almost anything you might need to run you business more efficiently.  

You can also make your own chrome apps with the help of HTML5, CSS and JavaScript if you have an idea you think others would benefit from. If you have any coding knowledge, all you need is to publish them on the Google Chrome Web Store. 

(If you would like to learn coding, you can use www.w3schools.org or www.khanacademy.org to begin; an hour or so a day can make a huge difference in your web development skills). 

Limited Liability Companies Important Facts

The fairly new and popular LLC is known as a hybrid business structure that offers the tax benefits of a partnership, and limited liability of corporations. It has grown in popularity since it's start in Wyoming in 1977.
  • Unless the company elects to be taxed like a corporation, they will automatically be taxed like a partnership.
  • LLC's are created at the state level and subject to operate and be formed according to state laws. 
  • Like a corporation, LLC's are treated as a legal person that can sue or be sued.
  • LLC's can enter into contracts.
  • LLC's can be designated as Ltd., Limited, A Limited Liability Company and must be displayed after names of businesses operating as such.
  • Texas allows for single member LLC's, but some states require at least two members to form an LLC.
  • One member LLC's are automatically taxed as sole-proprietorship unless specific instructions are given to be taxed as a corporation.  
ADVANTAGES

One of the most attractions of this business form is that unlike a corporation, the LLC will not pay taxes. Instead, members of the company pay taxes personally on earnings as money passes through the company.

Members also have the option to not pay the profits to the members, rather reinvest it into the company. In this case, taxation as a corporation is most beneficial because income tax rates for corporations are often lower than personal income tax rates.

This flexibility in regards to taxation is what makes this business form attractive to most business owners. This kind of arrangement makes it easy for entrepreneurs to protect their personal assets while operating a separate entity.

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