For anyone starting a new business, the challenges they may face can seem insurmountable at times, and any offer of help is typically grabbed with both hands. While friends and family may offer to help in the form of free labor or marketing, for example, it’s generally money that entrepreneurs need the most, especially in […]

Many people assume that nonprofit corporations aren’t permitted to generate profits, but actually, that isn’t true. They can make profits, but it’s the way in which they’re used that differentiates them from limited liability companies, or LLCs. In most instances, LLCs distribute their profits among the different business owners and shareholders, while nonprofits are not […]

If you’re new to the world of entrepreneurship, it’s imperative that the business you start is fully compliant with all relevant local, state and federal rules, and there may be some legal matters that you’ll need to address right off the bat. To help ensure you meet all necessary legal requirements when starting up a […]

Deciding what type of entity you want to operate your new business as, is one of the first things you’ll need to do when setting it up. Some of the most common entity options include partnerships, sole proprietorships, limited liabilities and C and S corporations. One corporation in particular has the ability to confuse business […]

Setting up a business involves many different factors, such as finding a strong business concept and enough money to start the venture, but it also requires the business owner to have the right kind of personality. An innovative product and all the money in the world won’t help if an entrepreneur hasn’t got some, or […]

Having a robust strategy in place to handle your taxes, helps you get a better understanding of the overall financial health of your business, and enables you to make wiser projections and investments. Additionally, it can help you capitalize on possible deductions that you may be eligible for, further enabling you to make potential savings […]