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Posted by on Aug 15, 2017 in Finance, Legal | 0 comments

What Exactly is a Tax ID Number Used For?

What Exactly is a Tax ID Number Used For?

Though Social Security Numbers are the most common kind of tax ID number, the next most common is the Employer Identification Number. The EIN number is needed to start a business. These numbers, issued by the IRS, allow the IRS to monitor all tax activities of the company. Other types of tax ID numbers are paid tax preparer identification numbers (PTINs) and adoption taxpayer identification numbers (ATINs), both of which are needed by relatively few people but serve a similar purpose for those individuals. Whatever type of business you operate, you will need a taxpayer ID for each legally separate enterprise, in order to be accountable to the IRS. Why is tax ID important? The simple answer is this: It’s a must have, or else. While EINs are required to meet your company’s tax responsibilities, they are also needed to complete other actions related to your business, such as applying for credit in the company name or opening accounts. State laws may obligate a business to acquire and provide...

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Posted by on Jul 1, 2016 in Featured, Legal | 0 comments

Is The Health & Safety Culture Inhibiting your Business?

Is The Health & Safety Culture Inhibiting your Business?

Safety and health regulations were put in place to protect workers and the public from hazardous industry practises, and to provide accountability for unscrupulous companies and consultants. Instead, it has grown out of control so that a large segment of Britain’s economy has been buried in a web of bureaucratic red tape and complex regulations. Attitude of fear UK business struggles regularly with risk assessments, insurance issues, and the threat of being drawn into court to face lawsuits for huge sums of money. The cost to companies in lost time and legal fees is running into billions of pounds each year. A less quantifiable secondary cost is to social attitudes in general, in a situation where individual responsibility is shifted to presumed businesses culpability, and the entrepreneurial spirit crippled by constant paper work and legal consultations. Building the economy requires withdrawing smothering restrictions from businesses that haven’t committed any offense yet are automatic targets of litigation over the most frivolous claims. Proposed changes In recent years, a group of...

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Posted by on May 25, 2016 in Legal | 0 comments

Legal Considerations Every Startup Has to Face

Legal Considerations Every Startup Has to Face

Dealing with the law is a subject that no-one is entirely comfortable with. Whether it’s organizing your tax returns or establishing a new business, simply trying to make sense of all the different terminology can be a minefield. Like it or not, though, this is something every startup needs to face if they are to become a legitimate and successful business. To help you get through the murky road of business legal issues, here are three legal considerations that you should face as a business owner/startup founder. Protecting Intellectual Property The World Intellectual Property Organisation (WIPO) defines intellectual property (IP) as any creation of the mind. This includes everything from artistic works and inventions to brandings used in commerce. With such a broad-ranging subject, you won’t be surprised that there are multiple types of IP protection. The three that you should be familiar with are copyrights, patents, and trademarks: Copyright provide the holder with “original works of authorship” and several other intellectual works. It protects the form of expression...

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Posted by on Jan 29, 2016 in Legal | 0 comments

What to Look for When Searching for a Personal Injury Lawyer

What to Look for When Searching for a Personal Injury Lawyer

Naturally, someone who decides to find a personal injury lawyer wants to choose the best person for the job. The person may have been injured in a car accident that wasn’t his or her fault, but the drunk driving, etc. Consequently, the individual needs a lawyer who will help with the process of getting compensation. Take a look at a few things to consider before hiring one. A Lawyer with Experience Experience is one of the most important qualifications of a personal injury lawyer. An experienced lawyer is familiar with local laws and regulations. Also, the lawyer has dealt with insurance companies and knows how to get the best outcome for clients. In addition, an experienced lawyer understands the subtleties of the law and how he or she can use that information to benefit a client. Certainly, a person who is trying to get compensation in a personal injury case will feel more at ease working with an experienced lawyer (learn more). HSH is one example of a firm...

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Posted by on Dec 24, 2015 in Legal | 0 comments

Business and International Defamation: The Case of the Peeved Patrons

Business and International Defamation: The Case of the Peeved Patrons

In September 2010, Tanya Shannon, Patrick O’Connor and their kids were out for a spot of dinner in Dublin. At The Arc Bar and Restaurant, to be precise. After fueling up, they paid “Paddy” – their server. But, as they were leaving, a manager allegedly approached them. And, according to the family, the manager wasn’t pleasant, accusing them of the ole’ dine-n-dash. Dine-n-Dash Accusations Lead To Defamation Lawsuit Not only did the manager accuse them of thievery, but he allegedly did it loudly. At one point during the tirade, Mr. O’Connor said he had to empty his pockets to search for the paid bill – in front of the whole restaurant. After 40 minutes of alleged verbal abuse, Paddy returned to the restaurant and produced the family’s receipt. Diners Lawyer Up Outraged over the incident, the couple enlisted barrister Cormac Quinn and filed a defamation claim. In it, the couple asserted that they were “loudly and abusively” – not to mention wrongly – accused of not settling their bill....

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