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Can A Corporation Be A Member Of An LLC?

Concept Member message on wood boards. Macaroons and glass Tea on table. Vintage tone.Starting and running a business as an LLC (Limited Liability Company) offers some advantages to business owners who want liability protection, taxation flexibility, and credibility without complexity. Next to a sole proprietorship, it’s the business legal structure that’s least complicated and void of cumbersome formality. But if you’ve already incorporated a business, can that entity be a member of your LLC? And what could that accomplish for you?

Yes! Your Corporation Can Be A Member of Your LLC.

All states allow for other types of business entities (not only individuals) to serve as members of LLCs. Generally, there are very few restrictions limiting a corporation from being an LLC member. A corporation doesn’t even have to be incorporated in the same state as the one in which the LLC is organized.

In What Situations Does It Make Sense?

By having your corporation as a member of your LLC, you create an additional level of ownership, which may enable you to offer traditional perks such as retirement plans and give you added protection from liability. Like individuals who are members/owners of LLCs, corporate LLC owners can also take advantage of pass-through federal tax treatment.

Probably the most common situation in which a corporation will serve as the member of an LLC is in the scenario of a business owner creating a holding company and an operating company. The holding company owns all of the business assets and then leases them to the operating company, which uses them to run the business. In such a situation, a corporation could be the holding company and be a member of the LLC, which would be the operating company.

What Restrictions And Requirements Apply?

Although most states don’t place many requirements on members of an LLC, some do more closely regulate membership in a professional limited liability company (PLLC). Members of PLLCs (LLCs formed to offer professional services) often must be licensed professionals in their fields, therefore preventing corporations from serving as members of PLLCs.

Depending on which state you operate in, you may or may not need to disclose who your LLC’s members are. While some states don’t mandate an LLC to disclose its members, others demand that the LLC disclose its managers—so if an LLC is member-managed, it needs to disclose its members. Where required to disclose its membership, an LLC with a corporation that is a member will need to provide the corporation’s name, physical address and percentage of ownership in the LLC.

Don’t Go It Alone.

As you’re starting a business or considering changes to your existing company’s legal structure, make sure you get guidance from professionals who have your best interests at heart. And if you want to make sure all your business registration and other compliance tasks are take care of correctly, remember CorpNet.com is here to help make the process as simple and cost-effective as possible. Call for a free business consultation at 888.449.2638

Image: Adobe Stock

Why Customers Love Us – CorpNet Reviews

Screen Shot 2016-04-08 at 12.42.22 PMOne thing we strive for here at CorpNet.com is stellar customer service. We go above and beyond with every order to ensure our customers are happy, and if they are not, we make it right!

Summer is in full swing and many people are planning their annual vacation to relax, unplug and unwind. But there are still many individuals hard at work making their business dreams a reality and we’re thrilled we can help them along the way while exceeding their expectations for a document filing service. Some customers even left amazing CorpNet.com reviews!

Here’s a look back at some of these amazing 5-star reviews of our services these past few weeks. Do you need to incorporateform an LLC or file a DBA? Check out all of our reviews on TrustPilot and reach out anytime for a free business consultation at 888.449.2638.

 

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By | June 21st, 2016|CorpNet Reviews|0 Comments

Don’t Sign a Commercial Lease Until You Answer These Questions

Retro vintage style image of a businessman signing a contractWhether you’re preparing to lease your first commercial location or your 10th, it’s critical to ask lots of questions before you sign on the dotted line. Asking key questions at each stage of finding your space will prevent unpleasant surprises such as getting locked into a lease and finding out the building lacks something essential (like air conditioning!).

Before you ever talk to a commercial realtor, ask yourself some questions to determine your needs.

  • How much square footage do you need?
  • Do you want a turnkey space or are you willing to build out the space yourself?
  • Do you need lots of walk-in traffic or proximity to major highways?
  • How much access will you need? Will you be working 9 to 5, or will you and your staff need to get into the building at odd times or on weekends?
  • How much parking will you need for customers and employees?
  • What types of businesses do you want to be near? (If you’re a retailer or restaurant, for instance, complementary businesses can drive traffic.)
  • What amenities do you need? These might include windowed offices, conference rooms, air conditioning/heating, private restrooms, a kitchen/break room or a lobby with security.

When you share these specifics with a realtor, he or she will have a much better chance of finding that perfect location.

You should also do your due diligence when choosing the commercial realtor you want to work with. Before you hire a commercial realtor, ask him or her these questions:

  • How much experience do you have with small businesses? With my industry?
  • Do you specialize in a certain geographic area or a specific type of commercial space?
  • How many clients do you work with at one time?
  • What resources do you use to research the market?

You’ve got your realtor and found what you think is the perfect space. Not so fast! Before you commit, get answers to these questions:

  • What are the traffic numbers? Your real estate agent should be able to share community demographics and car counts for the location.
  • Is the building’s infrastructure (heating and cooling system, electrical, Wi-Fi) adequate for your needs?
  • What is included in the lease payment? Most do not include utilities. You may also have to pay a portion of Common Area Maintenance (CAM) charges, building insurance, trash collection and property taxes. Be sure to know exactly what you’ll be responsible for.
  • What is the minimum lease term? Most commercial landlords require a one-year lease, but some require two or three years.
  • Can you expand into adjacent space if needed, or move to a bigger space in the same building or center if one opens up?
  • Can you get a non-compete clause to ensure no direct competitors can open in the same building or center?
  • Will the landlord pay for improvements? These include things like changing the layout, painting or putting down new flooring, or special electrical needs. Most landlords will not pay for this, but some will amortize the costs over the lease term.

Never be shy about asking too many questions. Getting the answers now will save you some big headaches later.

If you’ve signed your lease and you’re ready to start a business, call CorpNet anytime for a free business consultation at 888.449.2638. We would love to help you incorporate a business, form an LLC, file a DBA and more across all 50 United States!

Rieva Lesonsky is CEO of GrowBiz Media, a media and custom content company focusing on small business and entrepreneurship. Email Rieva at rieva@smallbizdaily.com, follow her on Google+  and Twitter.com/Rieva, and visit her website, SmallBizDaily.com, to get the scoop on business trends and sign up for Rieva’s free TrendCast reports.

Image: Adobe Stock

21 Things Our Dads Teach Us That Make Us Better Entrepreneurs

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Every year around Father’s Day, I reflect on the profound impact my own father had on my self-confidence and work ethic. His encouragement and the fine example he set forth have contributed to my ability to succeed in business. And every day, I see Phil—my husband and co-founder of CorpNet—encourage self-assurance within our four children, laying the foundation for their future successes.

I imagine many of you have had similar life experiences.

Fathers, regardless of whether or not they’re entrepreneurs themselves, influence and shape who we are as business owners. Their values, fearlessness, empathy, and other qualities have taught us valuable lessons that we’ve used in starting a businesses and running a businesses each and every day.

Dads teach us that…

  1. There’s no substitute for hard work.
  2. It’s possible to be both strong and sensitive.
  3. The only way to fix mistakes is to first own up to them.
  4. A little healthy competition strengthens your character and skills.
  5. Forgiveness frees you to move forward.
  6. Laughter can heal.
  7. Patience pays off.
  8. It’s important to think before you speak.
  9. Earning something is always more gratifying than having it handed to you.
  10. Picking your battles saves your energy for what’s really worth fighting for.
  11. You can’t please everyone all the time.
  12. Leading by example is the key to earning respect.
  13. Long-term goals cannot be accomplished without action in the short term.
  14. Saying “no” isn’t easy, but sometimes it’s the best answer.
  15. Taking yourself too seriously will weigh you down.
  16. A positive outlook will make any task less difficult.
  17. It’s OK to take a break now and then.
  18. Showing appreciation of those around you strengthens relationships.
  19. Fear of the unknown is normal—and it can be overcome with determination to achieve a goal worth pursuing.
  20. Motivation needs to come from within.
  21. Going beyond your comfort zone is the best way to test your limits and discover what you’re capable of.

Of course, everyone’s experience with his or her own father is unique, so what you’ve learned and have taken with you into entrepreneurship may be a bit different. But I think it’s accurate to say that we’ve all learned something from our dads that has helped us in launching and managing our businesses. We’ve all taken away advice and insight that has made us the strong, resilient, and determined professionals we are today.

By | June 14th, 2016|Running A Small Business, Starting a Business|2 Comments

3 Key Ways to Reduce Costs for Your Small Business

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As a small-business owner, there’ll be times when you need to boost cash flow while keeping prices competitive. Or maybe you’re just starting a business and are losing more money than expected, but you can’t figure out why.

Even if you’re already frugal, there likely are plenty of ways for your small business to slim down and spend more wisely. Here are some tips from experts on how to cut costs in ways that are productive and responsible.

  1. Track your inventory, then buy in bulk where possible.
    This is an essential first step for new small-business owners, but enterprises of any age can benefit from re-evaluating their inventory. Track your inventory for a year and look at where most of the money goes. This may not seem like it will cut costs on its own, but after a year, you can take a hard look at what the business really needs and find the best deals on those things.Buying in bulk sounds more expensive, but it’s ultimately a big money saver. “No one should ever buy a ream of paper, they should always buy a case of paper,” says Robert Reed, a financial advisor with Partnership Financial LLC who specializes in helping creative professionals manage their businesses. This is because bulk purchases almost always cost less per unit than making multiple small purchases.What if you use a lot of a product, like paper, but not enough to justify buying a whole case? “Find someone else who will split a case,” says Reed, such as a business owner in your office building who has the same needs. You both save money, and now you have a new connection for future sharing opportunities.
  2. Do things yourself and use what’s readily available.
    Michael Sander, a financial planner and senior vice president with The Creative Planners Group who specializes in one- to two-person businesses, is a big advocate of doing things yourself. Don’t pay a bookkeeper hundreds of dollars a month to do the books, Sander says. Instead, “take a QuickBooks tutorial and do the books yourself.” Not only is it a long-term money saver, you’re also developing a valuable skill.You don’t need complicated inventory-tracking software to keep track of business expenses, Reed says. Not only would that cost money, it would take valuable hours to learn how the software works. A generic office software suite, used correctly, can do just fine. “If you can find out a way to get [Microsoft Office] to do what you want to do, you don’t have that steep learning curve,” Reed says.
  3. Don’t compromise on important expenses.
    For some expenses, it may cost more long-term if you try to save now. Steven Podnos, a registered investment advisor and principal at Wealth Care LLC, urges business owners to have an emergency fund or buy insurance for their office space or large assets. “A little insurance to cover catastrophes might cause you to spend less in the long run,” Podnos says.Sometimes, spending more now may actually help you save a lot more later. Sander says business owners should take advantage of the Section 179 tax deduction, which allows you to deduct purchases and leases of items such as business vehicles over 6,000 pounds, computers, software and even personal property used for business. While this does mean that you can spend a little extra money and get a lot back on your taxes, Reed says this isn’t an excuse to overbuy. If you need a computer only for word processing and bookkeeping, there’s no reason to buy a top-of-the-line model and write it off just because you can.

Reducing your expenses may not be the easiest or most glamorous way for your business to make more money. But with these tips, you can get your expenses in check.

Veronica Ramirez is a staff writer at NerdWallet, which provides clarity around decisions that help you start or grow your small business. We provide clear unbiased information, entrepreneur-focused advice and tools for small-business loans, tax and legal issues. We also connect you with experts who can answer questions about growing your small business.

Image: Adobe Stock

How to Move A Business To Another State

Happy team of businesspeople moving office, packing boxes, smiling.

When you move from one house to another, you likely have checklist of things you need to take care of in the process…changing your mailing address, calling your cable TV provider, contacting your internet company. But when moving your LLC or corporation to another state, many business owners don’t know where to begin.

While there’s a lot to pay attention to, I think you’ll find it really isn’t terribly difficult when you understand how to go about it.

To operate legally in any state, corporations and LLCs must first register with the state. So, if you’re planning to move your business to a new state, you’ll need to do that.

Generally, you can handle it in one of two ways:

Which approach is the right one for you? That will depend on whether or not your move is permanent and whether or not you’re planning to operate your business in both the existing and new states.

Dissolve The Corporation In The Old State And Start It In The New State

If you intend to permanently move to a new state with no plans to operate your business in the old state, then the least complicated approach is to close the business in your original state and register a new corporation or LLC in the new state. Specific requirements vary from state-to-state, but the typical steps of how to do it include:

  • To dissolve the corporation or LLC in your previous state, file a “Certificate of Termination” or “Articles of Dissolution” document with Secretary of State there. In order for the dissolution to be approved, your company will need to be in good standing with the state—i.e., up to date on state tax payments and state filings.
  • In the new state, file to form a new LLC or Corporation with the Secretary of State.

File A Foreign Qualification In The Second State

If you expect your move will be temporary or you’ll still want to conduct business in your old state, closing your business in your old state and starting a new one elsewhere wouldn’t make much sense. In either of those scenarios, you should keep your corporation or LLC registered in the original state and then file a “foreign qualification” in your new state. It’s the same approach you would take when no move is involved but you want to expand your company to another state.

Individual state requirements may vary, but typically the steps to foreign qualify involve:

  • File the necessary foreign corporation paperwork with the new state’s Secretary of State. Some states refer to it as the “Statement and Designation” and others call it the “Foreign Qualification” application. Either way, you’ll find it resembles the Articles of Incorporation document you used when originally filing your corporation. Expect to provide details about your company, such as the name of your corporation, list of corporate officers, your domestic state, stock information (e.g., number of shares authorized, etc), the principle location or address you’ll be using in your new state, and your registered agent.
  • You’ll probably also need to provide a Certificate of Good Standing document from your domestic state in order to foreign qualify.

Just as you would when moving from an old home to a new home, you’ll want to cross all your t’s and dot all your i’s when taking your business to a new state. Sure there’s work and some cost involved, but filing properly from the start is far less complicated and more affordable than facing the legal ramifications of operating in a state without meeting all requirements.

As with all legal matters, I recommend talking with a professional who can guide you through the process. And if you don’t want to risk mishandling (or don’t want the headaches of haggling with) the paperwork involved, consider using CorpNet.com’s services to ensure you’ve filed everything correctly. Call for a free business consultation: 888.449.2638

Image: Adobe Stock

Five Ways To Keep Your Business On Track When School’s Out For Summer

A super happy boy is smiling at the camera while on the beach, isolated against the sky, with vintage style color.

School’s out for the kids in the summer, but there’s no such thing as a summer off from work for people starting a business or running a business who have school-aged children. Entrepreneurs like you and me, who want to do stellar jobs as professionals and parents, often struggle during this time of year. I thoroughly enjoy having the kids at home, but I admit it’s sometimes daunting to find ways to occupy their time and give them the attention they deserve while also focusing on my business.

Sound familiar? I’ll bet it does!

Here are a few ideas that might help if you’re struggling to figure out how you’ll manage family and work responsibilities this summer:

  • Take advantage of your ability to set your own schedule. If you run your business from home full-time, consider starting work earlier in the morning and/or working later into the day or night so you can take breaks during the day to spend quality time with your kids. If you have another office location, you might think about splitting your time between the office and home. For example, I usually work in the office Tuesdays through Thursdays and then from home on Mondays and Fridays during the summer months. When at home, I work super early in the morning before the kids wake up and then at night after they go to bed—that schedule allows me to stay on track professionally while giving my children lots of time, too.
  • Enroll your children in day or overnight camps. I’m amazed at all the options available. There are camps devoted to nearly every interest or activity—sports, theater, band, nature, church, etc.—and they give kids a wonderful opportunity to expand their knowledge, skills, and circle of friends while you keep your nose to the grindstone.
  • Get a membership to your local public pool. Depending on the ages of your children, you might feel comfortable dropping them off for a few hours of fun with their friends while you go back to the office. Or why not go to the pool with them and soak up some sun while you tackle some work on your laptop or tablet?
  • Let them spend time with friends. Even if their friends visit your kids at your house, it’s possible to accomplish some work tasks from home while they hang out. I love this option because you know where they are, who they’re with, and what they’re doing—which frees your mind to get things done.
  • Plan ahead! Your best bet for successfully juggling having the kids at home and tackling your business obligations this summer is to prepare for the change in working M.O. Don’t fly by the seat of your pants from day to day. Plan ahead for each upcoming week (ideally for each upcoming month) so you’ll have an agenda secured for your kids—and in turn, the ability to plan your work more effectively.

The key to keeping your kids happy and satisfied and not missing a beat with your business in the summer will depend on several variables—unfortunately, there’s no one-size-fits-all solution. Consider the ages of your children, their level of independence, and their interests while also assessing your business goals, workload, resources, and client expectations. It may take some trial and error to figure out your secret formula, but have patience. The best of both worlds can be yours each summer.

Ready to take your business to the next level this summer? Contact the CorpNet.com team to incorporate, form an LLC, file a DBA and more across all 50 states! Call anytime at 888.449.2638 for a free business consultation

Image: Adobe Stock

Nellie in the News – May 2016

nellie in the newsIt’s officially summer time here in Westlake Village, CA where the CorpNet offices are located. Many of us hit up the beach this past weekend and had our first ocean swim of the season!

We had a great month helping entrepreneurs incorporate a business, form an LLC, file a DBA and more across all 50 states.

Our CEO Nellie Akalp also had another great month sharing her expert tips and advice across many podcasts and blogs. Check out some press highlights below!

Want Nellie to speak at your next event or share her tips on your podcast? Contact her today

Upcoming Speaking Appearances

Bixel Exchange

Nellie will be the guest speaker for Bixel Exchange, the emerging tech center at the Los Angeles area Chamber of Commerce, sharing the best advice she got when she started her business! Join Nellie for this event on June 22nd and follow her on Twitter for more information!

Interviews & press Mentions

Eventual Millionaire – Business and Family Success with Nellie Akalp http://bit.ly/1SyPLih

Small Business Trends – 10 Tips to Help your Business Become More Profitable http://bit.ly/1YigcZX

Business Mistakes Podcast – This is How Overspending on Google Ads will Hurt your Business with Nellie Akalp http://bit.ly/1U7KuuE

ConvertKit – Top Advice for New Bloggers http://bit.ly/1TKrqH0

AMEX OPEN Forum – Inspiration Strikes: 7 Ways to Help Make Time for Creative Insights http://amex.co/1Vi9t3E

Business Breakthrough Podcast – Lessons from a Serial Entrepreneur http://bit.ly/1TA1oIj

Expert Contributed Posts

Intuit – When is the Best Time to Incorporate Your Business? http://intuit.me/23jiOIq

Freshbooks – How to Decide What Business Structure is Best for Your Business http://bit.ly/21xRF5h

Huffington Post – 5 Ways Your Family Can Fuel Your Business Success http://huff.to/1TRBrRd

Small Business Trends – It Might Be Time to Restructure Your Sole Proprietorship http://bit.ly/1ZN2O0z

Entrepreneur – Are Small Businesses Spending Too Much Time on Social Media? http://entm.ag/1Op3rMT

Small Business Trends – 5 Lessons that Show How to Grow Your Business http://bit.ly/1YW8vZL

GoDaddy – Sole Proprietorship? LLC? Know Your Best Entity Options http://bit.ly/1OPHIIS

Showcasing Women – 5 Tips to Leave Work Behind While You’re on Vacation http://bit.ly/25kh7xe

By | May 31st, 2016|Nellie in the News|0 Comments

Business Name Registration Or Trademark: Which Is Best?

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One of the most valuable assets your business will ever have is its name. Your business name is more than what your company is called—it represents your brand’s identity and it’s a way for you to distinguish yourself from your competition. With your business name carrying that much weight, it makes sense to protect it.

As you start your business, consider these two approaches to prevent other companies from using your name and confusing your customers:

Business Name Registration 

If you form an LLC or apply to incorporate a business in a state, your business name is automatically protected in that state after the state has approved your application. No other LLC or corporation will have the right to register their company under that name within the state. Just how different a name must be from another business name varies from one state to the next. For instance, one state may deem it perfectly fine to register “Linda’s Spa and Salon, LLC” when there’s an existing business registered as “Lynda’s Spa and Salon, LLC.” Another state might consider the name “Linda’s Spa and Salon” deceptively similar to the other business’s name.

Note that there are some limitations to state protection. Sole proprietorships and partnerships in that state can still use your name if they so desire; they just wouldn’t be able to form a corporation or LLC using your name. Also, just because you register your business name with the state doesn’t mean a business in another state can’t use the same name. In fact, they could even incorporate or form an LLC using your name, provided they do it in a state or states other than those where you’ve registered your name.

To decide if brand protection at the state level will be enough, I suggest you consider your type of business and business model. If you are opening a local retail store or restaurant, for example, it might not matter to you if another business uses the same name in a different state. How likely would customers be to confuse the two? Probably not at all.

On the other hand, if you have ideas of expanding your business nationally, or are planning to sell your products/services across the country, or have concerns that a partnership or sole proprietorship might use your name, then you might consider protecting your name with a federal trademark.

Federal Trademark Protection

The United States Patent and Trademark Office (USPTO) grants trademarks, which identify the source of products or services. A trademark can be a word, phrase, design, or symbol (or a combination of any of them) that distinguishes a company from its competitors. The USPTO can grant trademarks on distinctive names, logos, and slogans. As the owner of a trademark, you have exclusive rights to the mark. No one else may use it at either the state or federal level.

Expect to pay a little more for a trademark than you would for registering your name with the state. The base rate is $325 per class and it will cost more if you hire a professional to prepare the paperwork for you. It may take from six to 12 months for the USPTO to process your request. Although the process is more involved than registering a business name with the state, a trademark provides you with exclusive rights to your name in all 50 states—and trademarks have an unlimited lifespan, provided you comply with renewal requirements.

If you’re thinking about filing for a trademark, I suggest you do some initial homework so you don’t apply for a name that’s already in use. Don’t risk having your application rejected and losing the application fee you submitted.

First step: Conduct a free basic search to see if anyone has a pending application with the USPTO for your proposed trademark or anything similar to it.

Second step: Do a comprehensive name search to see if anyone is using your proposed name at the state or local level.

Isn’t Your Brand Worth Protecting?

Whether your business will have sufficient protection by registering your name with the state or you’ll require exclusive rights in every state, your business name and the brand it represents is worth securing. Consider talking with a legal expert who can help you decide which option is best for your business. And if the paperwork and process of registering your business name or filing for a trademark intimidates you, remember that CorpNet is here to help. Call anytime for a free business consultation at 888.449.2638!

Image: Adobe Stock

Is a Long-Term Business Loan the Best Choice to Fuel Growth?

Three girls in formal clothes holds a meeting by reading the information on the tablet

A long-term business loan is a good fit for many small business financing needs. If you’re looking for capital to invest in a new building, a big ticket purchase such as a new lathe for a manufacturing plant, or anything else for business use that will likely be depreciated over several years of useful life, a long-term loan could be the appropriate way to finance those longer-term investments in business infrastructure and equipment. Many times those investments are needed to facilitate future business growth.

However, a long-term business loan may not always be the best, or even the only, choice for financing growth.

Growth can also be financed in other ways. While many growth initiatives can be described like the long-term investments mentioned above, many times fueling growth involves taking advantage of short-term opportunities—which might not be the best use for a long-term small business loan, unless you can confidently predict the repeated need for capital for such short-term opportunities. Some of the growth opportunities that might be a good fit for a shorter-term solution include:

  1. Ramping up for a new contract. Sometimes new contracts or new customers require a short-term infusion of capital to get things up and running. It might require a business owner to prepare for new employees, update equipment to facilitate the new contract, purchase additional inventory, or bridge a potential cash flow gap created by a short lag between when you need to deliver on the contract and when you start getting paid. This might be a use case where short-term financing could make more sense than a long-term business loan.
  2. Purchasing quick-turnaround inventory at a discount. This could be another good fit for short-term financing. While it might make sense to finance equipment that will be depreciated over the course of several years with a longer-term loan, it might not make sense to make payments on inventory that will be sold over the course of a few months for several years into the future. Sometimes the accrued interest costs of a long-term loan can negatively impact that inventory’s ROI.
  3. Repairing or updating light business equipment or facilities. Depending upon the nature of your business, this could include updating an older machine with new technology to accommodate new quality control requirements or refreshing the décor or adding additional dining space in a restaurant to accommodate more customers. Many business owners turn to short-term financing to accommodate this type of growth.

The above examples of short-term growth initiatives are representative of some of the needs a business might face facilitating opportunities for growth. Fortunately, small business owners have more options than ever before to encourage growth—choosing the right financing simply requires matching the right loan terms to the loan purpose. In addition to traditional sources like banks, credit unions, or the SBA, depending upon the nature of the growth initiative there are other sources of capital, like online lenders, that could be a good fit.

Loan purpose should drive the decisions about loan term. Evaluating loan purpose before you start looking for a small business loan to finance growth will not only help determine the loan term—in addition to a thoughtful consideration of your current business and personal credit profile, it will help you identify the funding sources where you’ll most likely find success. It will also help you identify how much you should borrow and where you may need to improve your profile.

Accessing capital to fuel small business growth can be a big challenge for many businesses. What’s more, the world of small business lending today requires you to become savvier about your options so you can match your business needs with the right loan.

Once you’ve chosen the right loan for your business needs, it may be time to revisit your business structure and incorporate or form an LLC. Call us anytime at 888.449.2638 for a free business consultation!

Ty Kiisel is a contributing author at BusinessLoans.com, a new resource full of content addressing all aspects of business financing for small business owners. Ty has over 25 years of experience in the trenches of small business, and provides personal anecdotes and valuable tips to help small business owners become more financially responsible.

Image: Adobe Stock