One of the most important decisions you can make that determines the long-term success of your business is figuring out how to stay on top of your finances. In the beginning, as you get your business up and running, it might seem easier to keep your personal finances and business transactions together in a centralized place. That way, you only need to check one place to track your daily cash flow.

As the business grows, however, having a separate business bank account is what you need to set yourself up for long-term financial success.

Before […]

Despite your best efforts to choose the perfect name for your company, there may come a time when that name no longer is the best fit. Perhaps the business name no longer accurately reflects your brand or there are legal considerations at play. Regardless of the reasons to make a business name change, it’s a process that many entrepreneurs find confusing. The steps involved can vary depending on the business entity type and state of registration.

You may not expect ever to have to change your company name but knowing what to expect […]

Professionals like you, who help entrepreneurs navigate the challenges of starting and growing their businesses, will likely encounter clients asking about a “Letter of Good Standing.” Let’s take a moment to talk about what a Letter of Good Standing is and why maintaining a status of good standing is so important.

What Does a Letter of Good Standing Mean?

A Letter of Good Standing refers to a certificate issued by a state’s Secretary of State office (or comparable agency). It verifies that a registered business (e.g., an LLC or corporation) has complied with […]