The gig economy is based on flexible, part-time or freelance work, often involving communication with clients or customers through an online platform.
The gig economy can benefit workers, businesses and consumers by making work more responsive to the needs of the moment and the demand for flexible lifestyles.
At the same time, the gig economy can also have negative sides due to the erosion of traditional economic relations between workers, enterprises and customers.
Choice 83(b) is an Internal Revenue Code (IRC) provision that gives an employee or startup founder the ability to pay taxes on the total fair market value of the restricted shares at the time of grant.
External economies of scale - these are factors that contribute to the development of business, which are manifested outside the company, but within the same industry.
The Federal Unemployment Tax Act (FUTA) is a law that imposes a payroll tax on any business with employees; the income generated is used to fund unemployment benefits.
A franchise tax is a fee paid by certain businesses that want to do business in certain states. Contrary to what the name implies, a franchise tax is not a franchise tax.
A legacy clause is a provision that allows people or organizations to follow the old rules that once governed them instead of the new ones, often for a limited time.
An investment club refers to a group of individuals who each contribute money to a pool, which is then invested for the common benefit of the group members.