Understanding the differences between business structures like S-corporations, C-corporations, and partnerships is crucial for legal protection and tax benefits. This post delves into the pros and cons of each, including insights on the Qualified Business Income Deduction and which structure might be best depending on your business goals.
This blog post provides tips and guidance on how to obtain a business loan with bad credit, including research, credit score improvement, the use of cosigners and collateral, necessary documentation, and additional considerations such as loan purpose, business plan, repayment ability, and negotiation.
In this post we discuss the different types of small business insurance and how to choose the policies that are right for your business. We will also provide tips on how to get the most out of your insurance coverage.
A limited liability company (LLC) is a business structure that provides limited liability to its owners. This means that the owners are not personally liable for the debts and liabilities of the business. LLCs are a popular choice for small businesses because they offer the benefits of both a corporation and a partnership. To form an LLC, you will need to file articles of organization with your state’s secretary of state. You will also need to choose a registered agent and a name for your LLC. Once you have filed the necessary paperwork, you will be able to start operating… Read More »LLC or S-Corporation?
Starting a new business can be a daunting task, but with the right approach, it can also be a highly rewarding experience. In this guide, I will take you through the steps involved in building a new business from the ground up in 2023. Step 1: Identify your market niche The first step in building a new business is to identify the market niche you want to target. This involves researching the market to understand the needs and preferences of your potential customers. You can use online tools like Google Trends and social media to gather insights about your target… Read More »The 2023 Small Business Startup Guide
As you contemplate the year ahead, have you been thinking about starting your own small business? When it comes to great business ideas, there’s no better time than now to take the plunge. These days, more and more people are starting their own businesses. What’s driving this increase in small business startups? E-commerce has seen incredible growth due to COVID-19. One reason for this? During the pandemic, more and more consumers did their shopping online. This means it’s easier to both buy and sell online, a factor that’s beneficial for launching and operating successful businesses. At the same time, many… Read More »Top Businesses To Start In 2022
There’s much more to know about DBAs — after all, every state has its unique rules and requirements. Do some research online and find out what you need to do. You’ll likely find that the time and effort you put into a DBA is a worthwhile investment in the future of your business.
Online marketplaces not only help sellers reach a wider audience of potential buyers, but they also offer a year-round sales venue beyond seasonal street fairs, craft bazaars and art shows — one that doesn’t rely on good weather or holidays. And for small businesses, online sales are more important than ever, especially during the pandemic when social distancing has become the norm. So, if you’re a business owner — or aspire to be one — you’ve likely considered selling your products online. Whether you are starting an online business or already own one, we hope you find these tips on… Read More »How To Sell Products Online: A Small (Or Aspiring) Business Owner’s Guide
Whether you’re self-employed or a business that’s looking to hire workers for projects, it’s important to understand who counts as an independent contractor. From there, you can determine if hiring them or establishing yourself as one is right for you and your business’ goals.
The average claim for a customer injury or property damage is about $30,000. If a claim leads to a lawsuit, then it can cost upwards of $75,000 to defend and settle. With that information, most small business owners would agree that small business insurance is a priority. No business is too small to be sued, burglarized or damaged by a fire. And no business owner wants an unexpected event to wipe out their hard work or investments. Thankfully, small business insurance can help protect your company and safeguard your income.