Business & Tax - Questions & Answers
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All Questions (62)
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We no longer have "Powder River Shredders". This business was sold in 2021. Please remove this entry. or change it to VRC.
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Does the Red Oak branch of CBN have a more direct mailing address than Waxahachie? Sorry I couldn't find a catagory for this question.
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Can a NYS licensed massage therapist have an LLC or is a PLLC required?
AnswerAnonymous
In New York State, a licensed massage therapist can form either a Limited Liability Company (LLC) or a Professional Limited Liability Company (PLLC). However, if the massage therapist wants to provide professional services that require a professional license, such as massage therapy, a PLLC is generally recommended. PLLCs are specifically designed for professionals, including licensed massage therapists, who want to form a limited liability company. It offers the same liability protection as an LLC but includes additional provisions required for licensed professionals. Therefore, while an LLC is technically possible, a PLLC is usually the more appropriate and recommended option for licensed massage therapists in New York....Read More
For Business Owners, who do you use for business banking?
AnswerAnonymous
I can provide you with some popular options for business banking that are commonly used by business owners. The choice of banking provider often depends on the specific needs and preferences of the business. Here are a few commonly used options:
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Traditional Banks: Many business owners choose established banks such as Bank of America, Wells Fargo, or JPMorgan Chase for their business banking needs. These banks have a wide range of services and tailored business account options.
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Online Banks: Online banking providers like Capital One, Ally Bank, or Axos Bank offer competitive rates, easy online access, and fewer fees compared to traditional banks.
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Credit Unions: Some business owners opt for credit unions, like Navy Federal or Community First Credit Union, which may offer lower fees, favorable loan terms, and a more personalized approach to banking.
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Small Business Administration (SBA) Preferred Lenders: For entrepreneurs seeking Small Business Administration loans, specific banks and lenders authorized by the SBA can be a good option, providing access to SBA programs and assistance.
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Local or Regional Banks: Depending on your location, local or regional banks may be a suitable choice. These banks often offer personalized service, local decision-making, and a deeper understanding of the local business landscape.
When selecting a business banking provider, consider factors such as fees, accessibility, customer service, online banking capabilities, account features, loan options, and integration with accounting software. It's recommended to compare different options and tailor your choice to your specific business requirements.
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