Sinclair Broadcast Group, which manages several radio and television stations from Hunt Valley, Maryland, now faces a hefty fine from the Federal Communications Commission. It’s a fine of a whopping $13.4 million, to be exact.
Nobody likes hearing that the IRS chose to audit them, but business managers might feel even more distressed. Your company probably has seemingly endless transactions within its regular operations and now you must somehow account for all of it.
The following story happened outside of Maryland, but that doesn't mean it is irrelevant to our state. A chef in Denver, Frank Bonanno, concocted a public access television program called "Chef Driven." He had two producers that help him with the endeavor, and they worked under the film studio name "Left of Frame." However, after shooting two episodes, the two producers moved forward with the show while soliciting other chefs.
A couple of months ago, we wrote a post about the many different types of business you can establish. These types include corporations, partnerships, sole proprietorships, co-ops, and limited liability companies to name a few. But today, we want to dive into the different types of partnerships you can have.
You've established your new business entity - now what? Like most business owners, your next objective is to do everything you can to help your company thrive.