The short answer is yes. There is a legal age an individual needs to reach before they can sign contracts, and for most states it’s 18, except Mississippi (21), Nebraska, and Alabama (19). If the individual signing the contract is below this age, ...

Having an operating agreement isn't just something you do because everyone does it. It's a document that states how your business runs, who the decision-makers are, ownership, profit sharing, and how conflicts are resolved. Though not every state ...

The business model works, so naturally you want to double down and expand — or, on the flip side, you've seen a business model that works, and you'd like to join in. Documents will get drafted and signed in the process, but a critical part of ...

Follow MCIS on Google to get our latest business and tax guide straight to your feed. What Is Double Taxation in Business? We all have to pay taxes, and depending on states, policies, and how much you earn, some of us pay higher taxes than ...

When thinking of business partnerships that have gone sour, like the relationship between Eduardo Saverin and Mark Zuckerberg of Facebook, the Beatles, and others, you'd wonder how it managed to get so bad. Unlike most business and entrepreneur ...

Some time last year, I saw a post on Facebook asking why most people don't like working with virtual assistants (VAs). People have different reasons for it, some saying virtual assistants are expensive yet they turn in low-quality jobs. ...

You weren't ready to file your taxes in April and postponed. Summer has flown by and the October tax filing deadline isn't so far away anymore. Let's look at what the deadline actually means, what happens if you go past it, and how to ensure ...

Before 2023, tax season meant long nights, sprawling spreadsheet reviews, and second-guessing everything. After the AI boom, we now have access to tons of AI accounting software that promises to make accounting, auditing, and bookkeeping easy: one ...

Starting a business with someone else who believes in your vision is exciting, be it friends, family, investors, etc. But that excitement can fade fast when you're looking at an LLC operating agreement document. Now you have to decide who gets to ...

Nobody signs a contract to end up in dispute. However, things like clients refusing to pay, business partners going back on their word, and other types of broken agreements happen. When that happens, you need someone by your side to advocate for you ...