The S Corp election deadline is just around the corner. Here's what you need to know if you want to reap the tax benefits of an S Corp in 2019.
Hiring your first employee is exciting. It means your business is growing and you need someone with special skills to help take it further.
Hiring employees can make a world of difference when it comes to eliminating your stress and streamlining operations and understanding employment taxes
Wondering how to start a tutoring business? This step-by-step guide will help you through the planning and launch process.
Statutory conversion vs. business domestication. One changes a business entity type; the other changes a company's home state. Read on to learn more!
What startup tax deductions can your business take in 2018? This post covers the types of startup business expenses and discusses which may be deductible.
What business owners should know about annual meeting minutes for corporations. What are they, who must have them, and how do you create them?
Are sales in a seasonal slump? There's no need to worry! Here are five marketing ideas to grow your business during slow times.
What do you need to do to get your startup off the ground before next year? These steps to start a business will give you the direction you need.
Finish 2018 right with all of your business compliance requirements in order. This end of year business checklist will help.
s it OK to use your residential address as your business address, too? Here's what to consider before you use your home address to incorporate a business.
Entrepreneurs and startups have recently become very unclear about how to start an Amazon business because the responsibility of online sellers to collect and remit sales tax has been an issue under debate for quite some time. Entrepreneurs who have brick-and-mortar stores in jurisdictions that have enacted sales tax clearly must add state (and sometimes local) sales tax to customer’s bills when selling taxable goods. And then send they must send those funds to the proper tax authorities. But what if you sell your products online to customers in other states? The rules haven’t been completely clear in [...]
Knowing your how to start a business checklist for a home based business may sound simple to most people. With no need to rent or buy office space and worry about setting up workstations for employees, how tough can it be, right? Well, although setting up shop at home offers some degree of simplicity, business owners who work out of their homes still face some of the same legal considerations companies with dedicated places of business do on how to start a business from home. If you’re contemplating about launching a business and how to start a business [...]
Some aspects of starting a nonprofit are similar to starting a for-profit business, but nuances exist. How to Incorporate a Nonprofit Organization can be confusing and complicated and it can be helpful to have a checklist of what you should address to incorporate a business as a Nonprofit Organization. Before I go any further, let's first chat about what being a nonprofit business means. The information that I'm about to provide you in this article on How to Incorporate a Nonprofit Organization is not intended as legal, tax, or financial advice. It's for general knowledge purposes to give [...]
Should you incorporate year end or next year? It may depend on the state where a business is located and if the option of a delay effective date exists.
Do You Need to an MLM LLC for Your Network Marketing Business? MLM entrepreneurs are considered independent contractors. By default, they’re sole proprietors, but forming a legal business entity offers potential liability protection and tax benefits. Also sometimes called “network marketing” companies, MLMs offer income opportunities to folks who want to set their own schedule and work at their own pace—without having to build a business from the ground up. Many people who want the flexibility of being their own boss have chosen careers in working as agents for multi-level marketing (MLM) companies, so I regularly field questions [...]
If you’re the sole owner of a business, you may have pondered the question: “Should I operate as a sole proprietor or a single member LLC?” Decisions, decisions! So what else is new when running a business, right? There are always choices to make—and deciding which business entity type will be right for your company is one not to be made lightly. The type of business structure you choose will have legal and financial implications. It will also affect the time you spend on efforts to keep your business compliant with whatever rules must be followed for the [...]
You’ve likely seen them on busy city streets or at the town fair. They’re also popular sitting outside breweries and concert venues. Schools often hire them for fundraising events. We’re talking food trucks, of course. According to Food Truck Nation, food trucks brought in an estimated $2.7 billion in revenue in 2017, and this industry is not done growing. The road to success with a food truck business is one paved with growth and opportunity, as long as you know (and follow) the rules of the road. Whether you’re adding a food truck to your existing brick-and-mortar restaurant [...]
Uber drivers, even those doing rideshare driving as a side-gig, are considered to be earning income through self-employment. Just like other self-employed independent contractors, they face some critical startup decisions—including what business entity type to choose for their business. Should Uber Drivers Form an LLC? After signing the Uber contract to designate themselves as a self-employed private contractor, Uber drivers face the decision of what type of business structure they should operate under. They shouldn’t take this lightly, because the business structure chosen will affect their tax obligations and degree of personal liability. When Uber drivers don’t establish [...]
Choosing the best state to start a business is an important detail in your overall business plan. When it comes to launching a small business, “Location, location, location” is part of the formula for success. If you’re wondering if a specific location would give your startup an extra advantage over the competition, you should check out WalletHub’s latest report on 2018’s Best & Worst States to Start a Business. With a bad location ranked as one of the top reasons for business failure, choosing where to launch your business can be almost as important as choosing what business [...]