How to Keep Your Business Compliant by Deborah Sweeney | She ...

by Deborah Sweeney, CEO of MyCorporation.com

I cannot begin to stress how important it is to make sure your business stays compliant with the state. Small business owners have a tendency to procrastinate when it comes to filing important paperwork and paying state fees, but if your business falls out of good standing with the state you will have to pay, both monetarily and with your time, to get your company compliant again. It?s a much, better idea to instead just buckle down and stay on top of everything, especially these three required areas.

Your Estimated Tax Payments

You really don?t want to test the boundaries of government oversight when it comes to taxes and the IRS. Anyone who is self-employed and expects to owe more than $1,000 when they file their return has make quarterly estimated tax payments. If your business is a corporation and you expect to owe more than $500, you also have to make estimated tax payments. The IRS does provide instructions on how to determine estimated tax, and when payments are due ? as a quick heads up, the next due date for 2013 is September 16^th. For individuals, these instructions are part of the 1040-ES package, and for corporations the instructions are part of the 1120-W. Now, it is okay if your calculations are slightly off, but if you?re grossly underpaid you will be hit by some steep fines. Paying estimated taxes can feel a bit like trying to predict the future, so most accountants recommend you pay at least 100% of the taxes you paid last year. If you are really worried, re-estimate in the middle of the year (August is a good month to do this during) and see how close your estimates were to what you actually owed during the first two quarters.

Your Annual Reports

If you run your business as a sole-proprietorship, you don?t have to worry about annual reports ? though we do recommend reconsidering your business structure. But, if your business is structured as an LLC or a corporation, most states will require you to file a report on your business and pay a fee every year. This report is meant to ensure that the information filed with the state, like who your registered agent is and where your business is located, is up to date. Not filing an annual report is one of the quickest ways to fall out of good standing, so make sure you always mark your calendar with when you need to file.

Respect Corporate Formalities

Neither sole-proprietorships nor LLCs have to worry about adhering to corporate formalities, though most business advisors suggest that LLCs should still hold annual meetings, adopt an operating agreement, and document any business decisions and financial activity for the sake of legal protection. Corporations, on the other hand, are required to adhere to strict, formalized operating procedures. When you form a corporation, you must hold an initial meeting for the directors to adopt bylaws, elect officers, and issue stock. After that, you have to have annual meetings for the directors and the shareholders, and keep the minutes for these meetings in your records. Business and financial activity must also be documented, and nearly any change to the business has to be adopted through corporate resolutions. It is easy to fall behind on the many formal requirements that corporations have to adhere to, but if the state looks into your records and sees you aren?t following the rules, they can revoke your status as a corporation. So keep detailed records and respect state requirements.

Staying compliant with the state can be a very time-consuming, arduous process, but it is something that every small business needs to do. Make sure you know exactly what deadlines you have to file by, how much money you have to send along, and what hoops you have to jump through to stay compliant. The last thing you want is to have to pay exorbitant fees and file a bunch of paperwork to get back into good standing, and putting in a little effort now will save you from having to worry and stress about your business?s standing later on.

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About the Author:

Deborah Sweeney is the CEO of MyCorporation.com. MyCorporation is a leader in online legal filing services for entrepreneurs and businesses, providing start-up bundles that include corporation and LLC formation, registered agent, DBA, and trademark & copyright filing services. MyCorporation does all the work, making the business formation and maintenance quick and painless, so business owners can focus on what they do best. Follow her on Google+ and on Twitter @deborahsweeney and @mycorporation.

Source: http://sheownsit.com/how-keep-your-business-compliant/

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Everything You Need to Know About Politics Today, in 2 Paragraphs (Atlantic Politics Channel)

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9 Afghans killed in attack on Indian consulate

KABUL, Afghanistan (AP) ? Three suicide attackers killed at least nine civilians, most of them children, in a botched attack Saturday on the Indian consulate in an eastern Afghan city near the border with Pakistan, security officials said.

Police fired on the militants as they approached a checkpoint near the consulate in Jalalabad, prompting one of them to set off their explosives-laden car, said Masum Khan Hashimi, the deputy police chief of Nangarhar province. The blast killed nine bystanders, and wounded another 24 people including a policeman.

All three attackers also died, although it was not clear how many were killed by police fire and how many by the explosion.

In New Delhi, India's External Affairs Ministry spokesman Syed Akbaruddin says that all Indian officials in the consulate were safe.

Afghanistan's main insurgent group, the Taliban, denied in a text message that it had carried out the attack. Smaller militant groups based in Pakistan have targeted Indian interests in Afghanistan in the past.

Hashimi said the attack began when three men in a car approached the checkpoint. Two of the men got out of the car wearing vests rigged with explosives and a police guard immediately opened fire on them, Hashimi said. He added that the third man then detonated a large bomb located inside the car.

In 2010, two Kabul guest houses popular among Indians were attacked, killing more than six Indians. India blamed that attack on the Pakistan-based militant group Lashkar-e-Taiba.

The Indian Embassy was bombed in 2008 and 2009, leaving 75 people dead.

The attack came as the U.S. planned to close its embassies in the Muslim world for the weekend due to an al-Qaida threat.

Source: http://news.yahoo.com/9-afghans-killed-attack-indian-consulate-074731557.html

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Al Qaeda threat is 'real and serious' - intelligence ... - World News

A threat of an al Qaeda attack is "real and serious" and "we must not let our guard down," the chairman of the House Permanent Select Committee on Intelligence has warned after a worldwide alert was issued for all U.S. citizens traveling abroad. NBC's Kristen Welker reports.

By Tony Capra, Andrea Mitchell and Catherine Chomiak, NBC News

A meeting of the National Security Council chaired by Susan Rice was held at the White House Saturday evening to discuss the latest intelligence regarding the?threat of an al Qaeda attack.

There are different views among analysts -- including whether a plot is already underway, with team members already selected, as reported Saturday by CBS.

At least some present at the meeting said they believed that to be the case, but others disagree. There is no consensus on whether the plot is underway, officials told NBC News.

The threat of an al Qaeda attack is ?real and serious? and ?we must not let our guard down,? the chairman of the House Permanent Select Committee on Intelligence warned after a worldwide alert was issued for all U.S. citizens traveling abroad.

In a statement issued Friday, the State Department warned the terror group and its affiliates ?may focus efforts to conduct attacks in the period between now and the end of August.?

On Saturday, President Obama was updated on a potential threat coming from the Arabian Peninsula, a White House official said. The president would continue to be updated throughout the weekend, according to the official.

U.S. officials said that the threat warning is based primarily on a "significant increase in chatter from a growing number of intercepts" throughout the region.

NBC News counter-terrorism analyst Michael Leiter and NBC's Richard Engel join Lester Holt with more on the al Qaeda threat.

Mike Rogers, the intelligence committee chairman, said the situation showed just how dangerous the al Qaeda network still is.

?The seriousness of the threat stream is a sober reminder of al Qaeda's determination and ongoing intention to commit acts of violence on Western and U.S. targets,? he said in a statement late Friday.

?The threats against American interests are real and serious and we must not let our guard down,? he added.

At least 22 embassies and consulates that normally open on Sundays -- mostly in the Muslim world -- were closing this weekend because of the potential threat.

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The closures so far include diplomatic missions in Cairo, Tel Aviv, Riyadh, Baghdad, Kabul, and Bahrain.

"It is possible we may have additional days of closings as well, depending on our analysis,? a State Department official said.

The chairman of the House of Representatives Foreign Affairs Committee, Ed Royce, told MSNBC he believed it was ?probably now prudent, given the fact that, in this case, we do have this intelligence, to take this step to make certain that we have fully protected our embassy personnel.?

Britain said it would close its embassy in Yemen on Sunday and Monday. "We are particularly concerned about the security situation in the final days of Ramadan and into Eid," Britain's Foreign Office said in a statement, referring to the Muslim holy month that ends on Wednesday.

The intelligence says nothing about a specific target of the plot, U.S. officials said Friday. The United States is working with foreign spy agencies to try to find out more about the target.

The State Department?s alert said U.S. citizens ?should take every precaution to be aware of their surroundings and to adopt appropriate safety measures to protect themselves when traveling.?

The U.S. State Department has announced officials will close down all U.S. embassies across the Middle East on Sunday after Al-Qaeda-related intelligence suggested a threat. NBC's Andrea Mitchell reports.

"The Department of State alerts U.S. citizens to the continued potential for terrorist attacks, particularly in the Middle East and North Africa, and possibly occurring in or emanating from the Arabian Peninsula,? it added.

Terrorism expert Xenia Dormandy, U.S. director of London-based think tank Chatham House, said Friday it was the first time in memory that the U.S. had closed such a large number of embassies at once.

?The bottom line is clearly they?ve had firm intelligence from multiple sources that there?s an al Qaeda threat or an al Qaeda-affiliated threat," she said.

Dormandy said the United States' actions were likely influenced by the attack on the U.S. Consulate in Benghazi, Libya, in September, in which Ambassador Christopher Stevens and three other Americans were killed.

?I think they are being cautious because any attack on American diplomats is something they want to avoid at all costs," she added. "I think they are certainly likely to be more nervous now about making a mistake than they were before the Libyan [Benghazi consulate] attack, but they?ve seen the consequences of what can happen if you don?t take precautions, so it?s perhaps an appropriate response."

Ian Johnston and Henry Austin of NBC News and Reuters contributed to this report.

Related:

This story was originally published on Sat Aug 3, 2013 3:15 AM EDT

Source: http://worldnews.nbcnews.com/_news/2013/08/03/19844862-al-qaeda-threat-is-real-and-serious-intelligence-committee-chief?lite

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Gillmor Gang Live 08.02.13 (TCTV)

Gillmor Gang - Bret Taylor, Robert Scoble, Keith Teare, Kevin Marks, and Steve Gillmor. Live recording session today has concluded. Find us on facebook at Facebook.com/gillmorgang

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Matt Janning has an NBA out in his contract with Cibona Zagreb

QUOTE ( nicobr95 @ 03.08.2013, 16:46 )

Non penso proprio che sia da NBA. Ci sono giocatori molto ma molto pi? forti di lui che sono ancora in Europa. Janning in America farebbe la fine di White, anzi peggio dato che ? pi? scarso

Lui al contrario di White non pu? partecipare alla gara di schiacciate! Poi che senso ha firmare il 2 agosto e mettere l' escape fino al 10, non poteva aspettare il 10 per firmare?

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France to close embassy in Yemen temporarily on security fears

PARIS (Reuters) - France said it would close its embassy in Yemen for several days from Sunday and urged its citizens in the country to take precautions because of elevated security threats.

The decision came after similar moves by Britain and Germany, which followed a U.S. decision to close more than a dozen embassies temporarily in the Middle East and Africa.

The U.S. State Department said on Thursday American embassies that would normally be open this Sunday - including those in Abu Dhabi, Baghdad and Cairo - would be closed that day because of unspecified security concerns. On Friday, it also issued a global travel alert to its citizens.

"Intelligence officers have reporting from a reliable source that a major plot is under way and that the team to carry it out has been selected and is in place," CBS News reported on Saturday.

However, U.S. authorities do not know the date, the timing or the target of the planned attack, it said.

"We have elements that lead us to believe that the threat is very serious and other countries have also taken similar steps," French President Francois Hollande said during a Saturday visit to southwest France focused on agricultural issues.

"Therefore the embassy (in Yemen) will be closed for several days. We are also conscious that we will have to keep up extreme vigilance in the coming weeks, especially for people travelling in the area."

A French Foreign Ministry spokesman confirmed the move but said only that the embassy would be closed on August 4.

Interpol, the France-based international police agency, on Saturday issued a global security alert advising member states to increase vigilance against attacks after a series of prison breaks in Iraq, Libya and Pakistan. Interpol said it was investigating to determine if the escapes were linked.

Prison breaks took place in Pakistan on July 31 in a Taliban-led operation, and in Iraq at the Abu Ghraib prison overnight on July 22. Some 500 convicts, among them senior al Qaeda operatives, escaped from Abu Ghraib.

More than 1,100 inmates broke out of a prison on the outskirts of Benghazi on July 27.

The European Union said that it would be taking "all necessary precautions" following the U.S. announcement.

"We are particularly concerned about the security situation in the final days of Ramadan and into Eid," the British Foreign Office said in a statement, referring to the Muslim holy month which ends on Wednesday evening.

(Reporting by Patrick Vignal and Julien Ponthus; Writing by Leila Abboud; Editing by Andrew Roche, Sonya Hepinstall and Mohammad Zargham)

Source: http://news.yahoo.com/france-close-embassy-yemen-temporarily-security-fears-005044017.html

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