What  proofs do I need to show  I’m really a bonafide  Business?

Introduction

All Insurance Companies are MANDATED by  AB 1083 Health Care Reform to write any Bona Fide EmployER with 2 or more eligible employees, and part timers.  Thus, they require absolute proof (see chart below) that the business is really there and running, though in this economy a profit is not required.

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Partnership Requirements

IRS K 1
Instructions

 (If not available due to the length of time in business or due to having received an extension to file, a Statement of Information – Domestic Stock Corporation.  or Articles of Organization with Operating Agreement may be substituted.)

or possibly the 1065 Partnership Return (If not available due to the length of time in business or due to having received an extension to file,

Partnership Agreement
Sample and

Federal Tax ID appointment letter may be substituted.)

The limited partners in a limited partnership are not eligible for coverage unless they are also employees appearing on the DE  or 9

1040 SE Self Employment Tax (Social Security) 1040 ES estimated tax

K 1 Partnership Tax Return

partner share of income k 1

Contributions – Deductible

  • Contributions you make to an IRA may be fully or partially deductible, depending on which type of IRA you have and on your circumstances; and
  • Generally, amounts in your IRA (including earnings and gains) aren’t taxed until distributed. In some cases, amounts aren’t taxed at all if distributed according to the rules.  IRS.gov Publication 590 * 

See Publication 560 for Small Biz Retirement plans

Covered CA MAGI Income - Contributions & Retirement Income

Corporation

  • Secretary of State Business Search
  • Various forms from the Secretary of State, including Foreign Corporations
    Order copies of your filed records with the Secretary of State
    FAQ’s

    There are service companies that can help you expedite getting copies or filing these forms.

    Try GKL at 800 446-5455

    or search for the list on the Secretary of State’s website.

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3 comments on “Documents to show bonafide Employer in business

  1. Do the insurance companies require that minimum wage be paid?
    **********
    Many California employees received a raise on January 1, 2019 when the state increased the minimum wage to $12 per hour for large employers (26 employees or more) and $11 per hour for small employers (25 employees or fewer).
    Effective July 1, 2019, several counties and municipalities in California are adding to these minimum wage increases. Click here for chart
    California employees may NOT agree to receive a wage lower than the applicable minimum wage.
    The minimum wage is an absolute floor on wages in California. Like other important California wage and hour laws such as California overtime laws, minimum wage laws may not be waived by agreement between employers and employees. https://www.shouselaw.com/employment/minimum-wage.html
    https://www.dir.ca.gov/dlse/faq_minimumwage.htm

  2. Nobody can find the DE 9 at the people that does doctor’s taxes. He says he can give us a copy of our W-2s and if that will work we’ll do that, but I don’t know what this DE 9 really is. And if you could fax me a blank one and we could fill it out. I don’t know how that works. Give me some ideas I’d appreciate it. You can leave me a voicemail if I’m not here but I’ll be here till 2:30.
    ************
    I’ll fax you a sample DE 9 from above and page 63 overview of DE 9 from the EDD manual above.

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