Lawsuits can threaten small businesses, but proper records, legal compliance, and the right insurance can reduce risks. Follow these six steps to protect your company, reputation, and financial future.
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.
Starting January 1, 2024, over 32 million business owners must submit a Beneficial Ownership Information Report to FinCEN. This new requirement, aimed at combating money laundering, applies to various business structures, excluding sole proprietorships. Non-compliance could lead to significant fines and imprisonment. It’s crucial to understand and adhere to this requirement, seeking professional advice if needed.
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.
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
What business wouldn’t like to increase sales? Even the most successful businesses mustn’t lose sight of their revenue drivers, or they could risk letting the competition sneak up on them.
To boost sales, you need a solid sales strategy. The good news is that a strong strategy starts with simple sales tactics. Just remember: Though they’re simple, these practices do require effort and focus. You’ve got this.
Starting a small online business doesn’t need to be hard. Here are 6 easy steps to start a small business. Let us help with business ideas and answer small online business questions!
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
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.