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How do I fill out the SS-4 form for a new Delaware C-Corp to get an EIN?You indicate this is a Delaware C Corp so check corporation and you will file Form 1120.Check that you are starting a new corporation.Date business started is the date you actually started the business. Typically you would look on the paperwork from Delaware and put the date of incorporation.December is the standard closing month for most corporations. Unless you have a signNow business reason to pick a different month use Dec.If you plan to pay yourself wages put one. If you don't know put zero.Unless you are fairly sure you will owe payroll taxes the first year check that you will not have payroll or check that your liability will be less than $1,000. Anything else and the IRS will expect you to file quarterly payroll tax returns.Indicate the type of SaaS services you will offer.
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I don't want to miss out on the new Google. Which sources on new tech companies would you recommend for a potential investor?Where’re a few ways to gain your own pipe-line of projects and find among these projects “the new Google”:Tech media resourcesThis is one of the important ways to find out what is going on in the world of startups and the hardest way to find really great startups because tech media resources create a really big amount of information and it is hard to find perspective startups. But you can apply your analytical skills to analyse this data and find something important and useful. Below you can find world famous tech media resources:TechCrunch (and CrunchBase)The Next WebWiredVentureBeatProduct HuntCB InsightsAnd some local resources (for example in Russia - vc.ru, rb.ru, spark.ru, firrma.ru)VC’s blogsFrankly speaking sometimes media creating «hype» around really seek industries. For this reason I recommend to read what VCs write in their blogs. You can find helpful advices here and more detailed information about market trends and hottest startups. The best VC’s blogs in my version are:http://a16z.com/https://bothsidesofthetable.com/http://avc.com/http://tomtunguz.com/http://www.thisisgoingtobebig.com/https://blog.asmartbear.com/http://andrewchen.co/Management consulting and IB analytical reports of industriesYou can find a brilliant startup but you should also understand the industry in which startup is going to operate. Maybe where are no demand for this product or this market will disappear in the following years (why not?). Consultants and investment bankers have a great experience working with market leaders and understand key trends in most industries. And you can use it for free!World leaders in this sphere are:Big3 (BCG, McKinsey, Bain&Co)Big4 (EY, Deloitte, PwC, KPMG)Bulge bracket (like Morgan Stanley and Deutsche Bank)Rating agencies (like Fitch and S&P)You can find reports on their sites but I recommend to sign up for newsletters from these companies and read all reports to stay tuned.Your own expertise and expertise of industry leadersI highly recommend to find opportunities to invest in your professional sphere. If you have been working in the automotive industry for years you should use your own expertise and network to approve and find the next “big thing” in your sphere.And of course: Network and visit all kinds of VC events (conferences, meet ups, demo days, etc.) Small advice to enjoy information you will consume: use feedly to create unique feed of VC news and blogposts in order not to miss anything. FOLLOW ME at Quora and Facebook to get more information about VC:)
As one of the cofounders of a multi-member LLC taxed as a partnership, how do I pay myself for work I am doing as a contractor for the company? What forms do I need to fill out?First, the LLC operates as tax partnership (“TP”) as the default tax status if no election has been made as noted in Treasury Regulation Section 301.7701-3(b)(i). For legal purposes, we have a LLC. For tax purposes we have a tax partnership. Since we are discussing a tax issue here, we will discuss the issue from the perspective of a TP.A partner cannot under any circumstances be an employee of the TP as Revenue Ruling 69-184 dictated such. And, the 2016 preamble to Temporary Treasury Regulation Section 301.7701-2T notes the Treasury still supports this revenue ruling.Though a partner can engage in a transaction with the TP in a non partner capacity (Section 707a(a)).A partner receiving a 707(a) payment from the partnership receives the payment as any stranger receives a payment from the TP for services rendered. This partner gets treated for this transaction as if he/she were not a member of the TP (Treasury Regulation Section 1.707-1(a).As an example, a partner owns and operates a law firm specializing in contract law. The TP requires advice on terms and creation for new contracts the TP uses in its business with clients. This partner provides a bid for this unique job and the TP accepts it. Here, the partner bills the TP as it would any other client, and the partner reports the income from the TP client job as he/she would for any other client. The TP records the job as an expense and pays the partner as it would any other vendor. Here, I am assuming the law contract job represents an expense versus a capital item. Of course, the partner may have a law corporation though the same principle applies.Further, a TP can make fixed payments to a partner for services or capital — called guaranteed payments as noted in subsection (c).A 707(c) guaranteed payment shows up in the membership agreement drawn up by the business attorney. This payment provides a service partner with a guaranteed payment regardless of the TP’s income for the year as noted in Treasury Regulation Section 1.707-1(c).As an example, the TP operates an exclusive restaurant. Several partners contribute capital for the venture. The TP’s key service partner is the chef for the restaurant. And, the whole restaurant concept centers on this chef’s experience and creativity. The TP’s operating agreement provides the chef receives a certain % profit interest but as a minimum receives yearly a fixed $X guaranteed payment regardless of TP’s income level. In the first year of operations the TP has low profits as expected. The chef receives the guaranteed $X payment as provided in the membership agreement.The TP allocates the guaranteed payment to the capital interest partners on their TP k-1s as business expense. And, the TP includes the full $X guaranteed payment as income on the chef’s K-1. Here, the membership agreement demonstrates the chef only shares in profits not losses. So, the TP only allocates the guaranteed expense to those partners responsible for making up losses (the capital partners) as noted in Treasury Regulation Section 707-1(c) Example 3. The chef gets no allocation for the guaranteed expense as he/she does not participate in losses.If we change the situation slightly, we may change the tax results. If the membership agreement says the chef shares in losses, we then allocate a portion of the guaranteed expense back to the chef following the above treasury regulation.As a final note, a TP return requires knowledge of primary tax law if the TP desires filing a completed an accurate partnership tax return.I have completed the above tax analysis based on primary partnership tax law. If the situation changes in any manner, the tax outcome may change considerably. www.rst.tax
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What is the Kappa Delta Foundation, and how is it supported?The Kappa Delta foundation secures funds for the educational, leadership and charitable purposes of Kappa Delta Sorority. The foundation is supported through member donations. Just like the sorority, the foundation is run by staff at Kappa Delta Headquarters. Who serves as the executive director of the foundation?
What does the Kappa Delta Crest mean?A ribbon underneath the shield bears the date of the sorority's founding and the Greek Open Motto, “ta gala doomed” which means “let us strive for that which is honorable, beautiful and highest.” Kappa Delta's tagline is “Building Confidence. Inspiring Action.”
Is Kappa Delta a nonprofit?The Kappa Delta Foundation is recognized as a 501 (c)(3) tax-exempt organization by the Internal Revenue Service.
What is Kappa Delta's philanthropy?Kappa Delta Sorority's official philanthropies are the Girls Scouts of the US and Prevent Child Abuse America. ... Collegiate and alumnae chapters host confidence-building programs, educational events, campus tours and other activities with Girl Scouts in their communities.
What does AOT for Kappa Delta mean?It parallels the sorority's open motto: “Ta Gala Doomed: Let us strive for that which is honorable, beautiful and highest.” AOT is the abbreviation for the transliterated version of the ancient Greek: “Crete Ophelia tells: Moral excellence accomplishes our end.” In context, it means that all Kappa Delta sisters ...