S corp vs LLC If you're the sole owner of your organization, you might have opted to structure it like a limited liability company, or LLC, to secure your own assets. However, you might have discovered that, for taxation purposes, you ought to be an"S corporation." The reason? Income generated by means of an LLC is taxable as personal income--although it is possible to deduct business expenses from an S corp's gross income. However, the ...
Earlier this year, we argued that millennials could very well change the face of small business lending. We had a hunch, and after speaking to and working with hundreds of millennial business owners over the past year, we decided to take a closer look and see if our “hunch” had any merit. We wanted to know — how are millennials stacking up against other generations when it comes to small business financing? So, we aggregated ...
Is your business realizing great profits but still feeling the pinch each month? There may be a number of reasons for this, but more than likely you’re experiencing cash flow problems. It’s a mistake many businesses make – focusing on overall profitability but failing to take cash flow into consideration (cash flow problems are, by the way, the #1 reason why small businesses fail) when reviewing their books. Believe it or not, your cash flow ...
DBA Meaning: What is DBA? If you are starting a company for the first time, you have major choices to make. But you are (probably) not an attorney --and you may be unfamiliar with the legal terms and acronyms which have thrown around when you are taking the actions that you will need to begin a company, from LLCs, S corps vs. C corps, to submitting a DBA. We are going to consider the particulars ...
Running a small business is hard, regardless of who you are or what your company is. All companies and business owners are going to fail at a certain point--and that is totally okay. Failure makes us more powerful and that goes for your small business, too. While not all errors are avoidable (and lots of should be adopted ), learning from others can allow you to steer clear of the most typical ones. Let us ...
Want to learn the key to successfully following the steps to starting a small business? The key is there is not any magic formula. Starting a company is all about thinking big, keeping it smooth and adjusting on the fly. However, there are several things you can do to facilitate your route to business ownership. 1. Have a Strategy. There is a whole lot of debate nowadays over if or not a full-on company program ...