For the love of your business
For the love of your business
Far too many aspiring entrepreneurs jumpstart their businesses without taking the time to properly plan. Just as a builder uses a blueprint to ensure a new construction project will be structurally sound, a carefully researched and well-thought-out business plan allows you to determine whether or not your business concept will actually succeed and make money. […]
Read MoreBusiness growth is a dream that sparkles in the eyes of many small business owners. But bigger is only better when your business is set up to support the life you want. Bigger is not necessarily better. Best is a business that supports you to have a life you love, with an income to match, […]
Read MoreIf you’ve been working as a true solo entrepreneur up until now, it’s time to consider hiring support to leverage to your next level. . The moment when a small business owner decides to hire their first employee is one of triumph. Conversely, knowing how to start the hiring process can also be a moment […]
Read MoreThe constant whirlwind of excitement and activity surrounding the launch of your startup can leave you feeling overwhelmed. You can get so focused on the day-to-day tasks and responsibilities involved with getting your operation up and running that you neglect some of your company’s most vital legal components. Because you are so busy and likely […]
Read MoreYou may be wondering why so many business owners choose January 1 as the start date for their company. Surely, it’s not because everyone has the same New Year’s resolution, right? The fact is, there are a number of distinct advantages to launching your Limited Liability Company (LLC) at the beginning of the new year, […]
Read MoreWhen you first realize that your biggest personal and business expense—bar none—is taxes, it can come as quite a shock. Seeing so much of your hard-earned money wind up in the government’s hands can feel like a shakedown. That said, focusing a relatively small amount of time and effort into strategically reducing your taxes can […]
Read MoreQ: How can I determine if the business I’m looking to buy is properly valued? —Interested Investor ______________________________________________________________________________ A: Dear Interested: When buying an existing business, determining the true value of the operation is one of the most important factors. In fact, every single other factor about the business can be totally perfect, but if […]
Read MoreAlthough paying taxes is a largely unavoidable part of running a business, you might be pleasantly surprised to learn that there is one common type of tax you can often avoid paying—capital gains taxes. That said, the only way you can avoid paying capital gains taxes (at least legally) is if you plan in advance. […]
Read MoreMany entrepreneurs structure their business as a limited liability company (LLC) because like corporations, LLCs offer personal liability protection for their owners. But unlike corporations, LLCs are not legally required to adhere to many of the same corporate formalities required of corporations. Given that LLCs offer the liability protection of a corporation, without all of […]
Read MoreThe employment landscape has changed over the last few years and many small and mid-size companies today operate with outside help – contractors or freelancers who perform important tasks but who are not full-time employees on your payroll, or even third-party companies who consult on a new product or service. While companies that contract with […]
Read MoreQ: How does the Democrats’ newly proposed tax bill affect the capital gains tax rate? —Tax Saver ______________________________________________________________________________ A: Dear Tax Saver: The new bill would increase the long-term capital gains tax rate from 20% to 25% on individuals with taxable income over $400,000. The increase is set to be effective for the tax year […]
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