By understanding the different types of business structures, you can make a more informed decision as to which type of business you choose to form. With the right structure, you can not only decrease your personal liability and lower your tax burden, but stay compliant to all the relevant laws and regulations as well as […]

Managing the books as a small business owner can be tough, and with so many other important aspects of running a business to think about and devote your time too, they sometimes get neglected. However, this can have devastating consequences for a business, and without efficient and thorough bookkeeping, it can quickly begin to flounder. […]

The last decade has seen many individuals start their own businesses in a wide variety of industries, and there are now reported to be as many as 16 million self-employed people throughout the U.S. However, starting and maintaining a business is never easy and entrepreneurs face a whole host of challenges, some of which prevent […]

As the oldest business organization in the world, you might think that a general partnership is the best type of organization to choose, but actually, this couldn’t be further from the truth. Without the right insight and skill (and a degree of luck), your organization could fall prey to a whole host of traps with […]

Affording business owners the greatest degree of flexibility, LLC operating agreements include management provisions and buy-sell provisions, which make it a popular entity top own real estate, boats and airplanes. It’s also popular among foreign citizens seeking to render services or sell products. Here’s a more in-depth look at LLC’s and its potential tax advantages: […]

As with starting a business in Florida, if you’re thinking about forming a non-profit, it pays to conduct plenty of research before doing so; that way you can be sure of exactly what will be required of you, and what steps you need to take to get it registered. You should also start thinking about […]