If you love the outdoors and have always wanted to start a business relating to your outdoor passion, now is a great time to take advantage of the country’s desire for outside activities. Here are some outdoor business ideas and trends you need to know to get you running on the right path to business success.
Do you need a register an LLC to obtain a hard money loan for your real estate investment? Let’s explore the LLC and hard money loans so you can decide.
Limited Liability Companies
When it comes to investing in real estate, most investors choose to create a separate legal entity to purchase a property. The reason? To protect personal assets from liabilities associated with real estate transactions. Moreover, the Limited Liability Company (LLC) business structure has become a preferred entity of real estate investors for some very good reasons.
The LLC business structure offers […]
The one constant is change. Forgive the cliché, but I think it’s an appropriate introduction as I address the topic of business entity conversions.
Your clients’ businesses evolve over time — and the business environment in which they operate changes as well, especially at a time like this when the COVID-19 pandemic is having such a far-reaching impact on businesses of all kinds. As a result, the business structure they chose as a startup may no longer be the most advantageous one for their current situation. What happens at that crossroads? It might […]
Etsy has given artists, crafters, and collectors a highly visible online marketplace for selling their own-made arts and crafts, vintage items, and crafting supplies. Are you a talented, hands-on individual with a vision of offering your creations to customers across the United States or even beyond? Then you have probably wondered how to start a small business on Etsy.
I can understand why!
The number of active buyers on Etsy has increased steadily over the years, going from 9.3 million in 2012 to over 46.3 million in 2019. The number of sellers who have […]
Many business owners operate multiple businesses and there’s a good reason for that: Once you have one business and business structure in place, it’s much easier to get a new business off the ground than if you had to start from scratch each time.
At some point in your entrepreneurial life you may come upon an idea or opportunity too good to pass up. But you have no intention to stop operating your current business. So, the question becomes how should you structure the new business—should it be a part of the original […]
When you move from one house to another, you likely have a checklist of things you need to take care of in the process…changing your mailing address, calling your cable TV provider, contacting your internet company. But when moving your business to another state, many business owners don’t know where to begin.
There are many reasons to consider moving your business to another state. For example:
- Your target market has changed—economically and/or demographically.
- The cost of real estate (including property taxes) has risen so much your business is at risk of going under.
There is nothing more fulfilling than directing time and energy toward helping others in need. If you’re passionate about a cause, you may have wondered how to start a nonprofit business.
Some aspects of starting a nonprofit organization are similar to starting a for-profit business, but nuances exist. Incorporating a nonprofit can be confusing and complicated. Let’s dive into what it means to be a nonprofit organization and explore some of the considerations and steps involved in becoming one.
Please keep in mind that the information that I’m about to provide in this article […]
One of the many risks business owners face is one that rarely comes to mind—but could put your business in a dangerous position. We’re talking about trademark protection for your intellectual property. A trademark is a word, phrase, name, or symbol that identifies the source of a product or service and distinguishes it from competitors. You can trademark your company name, product names, logos, and taglines.
Running a Business Without Trademark Protection
Without the protection of a federally registered trademark:
- Your company or product name could be stolen. Without trademark ownership, it’s easier for […]
Businesses of all sizes and industries have been put through the proverbial ringer in 2020. No one could have foreseen the toll the coronavirus would take on entrepreneurs from independent contractors to C corporations and everyone in between. One positive thing, however, is the tax deadline has been pushed to July 15, 2020. That means there’s still time to learn about the tax issues based on your business entity and take advantage of some tax savings on your 2021 return, no matter what your legal structure.
In a sole proprietorship, there is […]
Making plans to get your business back on track post-coronavirus pandemic? Here are five responsibilities you should consider outsourcing so you can devote more of your time and energy to the areas where you are most needed.
1. Website Updates and Maintenance
Your website is likely the most important marketing tool in your arsenal and yet it also probably gets neglected from time to time—especially in the aftermath of a crisis, such as a coronavirus. Unless you’re into coding and application updates, outsourcing IT tasks such as website fixes is a great place to […]