article thumbnail

The Pitfalls Of State And Local Taxation For Startup Companies

YoungUpstarts

by Rebecca Stidham, Senior Manager – Tax Services at OUM & Co. Alabama, South Dakota, Tennessee, Massachusetts, Vermont and Wyoming have all adopted economic nexus rules effective during 2017 or prior with regard to sales and use tax. Rebecca Stidham is Senior Manager – Tax Services at OUM & Co.

article thumbnail

Hiring a Freelancer? Here’s What That Means for Your Taxes

Up and Running

Meanwhile, states like Arkansas, Missouri, New Jersey, and Vermont — as well as the District of Columbia — have established their own thresholds. Despite changes to the federal tax laws regarding the gig economy, gig workers and the businesses that employ them need to be aware of the tax codes of their states. Almost every state in the U.S.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Team, Team, Team

ithacaVC

You all likely know that most VCs consider the management team to be the top measure of potential success of the venture. I want to instead focus on the importance of the entire team (not just management) and the importance of making sure that the team can play together. Vermont wanted revenge, clearly. I knew this going in.

Vermont 64
article thumbnail

Be a Benevolent Dictator (And Eight More Lessons For Getting Your Stalled Start-up Off The Ground)

YoungUpstarts

With those out of the way, I’d take a management walkabout checking with staff members at all levels. According to a variety of studies, the cost of firing senior- or middle-management personnel can be as high as 300 percent of that person’s annual salary, and in some cases even higher. Let “Mother” do the hiring.

Cofounder 154
article thumbnail

8 Non-Traditional Ways to Attract Financing and Resources for Your Business in 2022

Up and Running

For example, an initiative in Vermont sought to identify 10,000 women-owned businesses by the end of 2022. Meg Smith of Vermont’s Women Fund remarked that “money came into the state earmarked for women and minority-owned businesses, and there was no way to find them.” . Maybe you worked as an HR manager and want to become a consultant?

article thumbnail

What is an L3C?

Up and Running

Vermont became the first state to establish the L3C as a legal structure. In 2008, Vermont became the first state to adopt this legal structure, and the first L3C was founded by attorney Robert Lang, one of the leading advocates of the L3C. In 2008 in the U.S., Since that time, it hasn’t been without its proponents and detractors.

Vermont 106
article thumbnail

How to Translate Your Passion Into Your Purpose

Duct Tape Marketing

I mean, the people management part is probably the hardest part when you grow rapidly, isn't it? We couldn't bring in people quickly enough who, and we didn't figure out how to manage their hours. I was walking across the street in Vermont, and I flipped over, had a fractured skull, was unconscious for three days. You're right.