If you've ever considered starting a nonprofit, you've probably heard of 501(c) or 501(c)(3) organizations. While the organizations themselves are often referred to as 501(c)s or 501(c)(3)s, these number and letter combos are actually tax categories within the...
The cost of incorporating your small business is an investment. Because not paying incorporating costs could mean that you might have trouble down the road. A corporation is an entity outside of its owners and shareholders. It has its own debts, taxes, and liability...
Navigating taxes and other financial issues as an entrepreneur can be complicated, which is why many small business owners enlist the help of a professional. Tax attorneys and Certified Public Accountants (CPAs) are tax experts that can help you figure out tax issues...
The process to dissolve a partnership agreement can be intricate and sensitive, requiring careful attention to detail. Whether you're facing irreconcilable differences or simply want to move on to new opportunities, understanding the steps involved and the different...
If you're exploring the world of real estate, you've likely come across the terms "real estate agent" and "real estate broker." While they may sound similar, these two roles have distinct differences. In this blog post, we'll delve into the nuances of real estate...
In the ever-evolving landscape of business risks, it is crucial for entrepreneurs and business owners to have the right insurance coverage in place. General liability insurance and business owner's policy (BOP) are two common insurance options. These insurance...
Solo entrepreneurs benefit from not having to share their business income with partners, but they have to navigate the–often confusing–world of sole proprietorship taxes. This article explains what sole proprietorships are, the advantages and disadvantages of a...
New entrepreneurs have a lot to figure out, including how–and under what name–to register their new companies with their state licensing agencies. Understanding whether to use a DBA or an LLC to name your business can impact your legal liability, how your company is...
People management skills are usually in high demand and short supply. If you are a business owner in charge of employees you should look into the skills needed for management. There are lots of ways to not only be there for your staff in times of crisis, but create a...
Sage Business Cloud Accounting is among the most popular online accounting platforms for small businesses. It is easy to use and has helpful features for cash flow forecasting, invoicing, and real-time reporting. Additionally, it offers mobile functionality to help...
An employee offboarding checklist is a handy tool to have as a small business owner. Workers in your company will leave, either voluntarily or involuntarily. With an employee offboarding checklist–sometimes called a “termination checklist”–you won’t skip any part of...
In the dynamic financial landscape, there exists a plethora of financial management software. Making the right choice for your business is a crucial decision. In 2023, two prominent names are Wave and QuickBooks. While both have earned a reputation for streamlining...
The types of employee benefits on the market are vital to understand as a small business owner. The four major ones are insurance, paid time off (PTO), retirement, and additional compensation. There are a few other examples of employee benefits such as remote work,...
Printing payroll checks accurately is important for any business, but especially a small to medium-sized one. Knowing how to make payroll checks correctly and to the letter of the law will save a lot of time, energy, and money in the long run. If you have employees...