Entrepreneurs cannot succeed in business completely on their own. Yes, they leverage their talent, expertise, and skills. But they also recognize when to delegate tasks and responsibilities to others with the knowledge and proficiencies they lack. For example, not very many business owners know all the ins and outs involved preparing and submitting the paperwork involved in setting up a business entity and keeping it compliant. Rather than trudge through the process and hope for the best, it’s wise for business owners to enlist the help of a business filings and compliance […]
Startup and Launch
Statistics indicate that a third or more of e-commerce brands use dropshipping as a way to provide products to customers. If you’ve been thinking about starting an online store but don’t want to deal with the costs and hassle of maintaining inventory, you may find the dropshipping business model a viable approach. Ready to learn more about dropshipping as a way to fulfill customer orders? Let’s talk about what it is, some points to consider about the business model, and how to start a dropshipping business.
What is Dropshipping?
Dropshipping is an order fulfillment […]
The Limited Liability Company (LLC) business structure is one of the most flexible and simple business entity types that entrepreneurs may choose. LLCs aren’t usually required by states to have an LLC partnership agreement; however, it’s something to consider–especially when an LLC will have multiple owners (a multi-member LLC).
What Is an LLC Partnership Agreement?
An LLC partnership agreement (also called an LLC Operating Agreement) lays the ground rules for operating a Limited Liability Company and protects the legal rights of its owners (called members). It’s written by the LLC’s members and describes […]
Knowing what to include in a home business checklist may sound simple to most people. With no need to rent or buy office space and worry about setting up workstations for employees, how tough can it be, right?
Well, although setting up shop at home offers some degree of simplicity, business owners who work out of their homes still face some of the same legal considerations companies with dedicated places of business do on how to start a business from home.
If you’re contemplating about launching a business and how to start a business […]
Starting a business as a kid or teen is exciting! With it, comes an opportunity to learn life-long skills that will help you become a successful adult. And, of course, there’s the money you can earn! But how do you start a business as a kid or teen? Well, regardless of your age, you will need to follow pretty much the same business-related rules as when starting a business as an adult.
Your parent or guardian will be one of the most important resources in your journey. While you’re their dependant in their […]
If you’ve always wanted to start a trucking business, now could be the perfect time to put your plan into action. The trucking industry has an immense impact on the U.S. economy. According to American Trucking Associations, 71 percent of the freight tonnage moved in the United States goes on trucks. If you’ve been thinking about how to start a trucking company so that you can become a part of this booming industry, you may also be wondering, “Where do I begin?” Whether you’ve been a driver for another company and desire […]
Whether you’re a finance major fresh out of college or have been working in an accounting firm or department for years, I’ll bet you’ve thought about being your own boss. There’s a lot to consider when exploring how to start an accounting business. Let’s dig into the necessary steps and mistakes to avoid.
Starting an accounting business offers an opportunity to chart your own professional course and enjoy the flexibility and control of self-employment. Of course, there’s plenty of research and work involved in the process. You’ll want to be thorough and well-informed as […]
If you have a high level of proficiency, expertise, and experience in a field, you may have thought about how to start a consulting business. Starting a consulting business can be a wonderful career option for individuals who want to leverage their knowledge and skills while enjoying the flexibility and autonomy of self-employment. Even if you don’t presently have experience doing the type of work you’re interested in, you may be able to achieve your dream with hard work, education, training, and attention to complying with the professional and legal requirements.
In today’s […]
What is a Nonprofit?
A nonprofit organization is created to fulfill a charitable, civic, religious, scientific, literary, or educational goal. Nonprofits do not have private owners, nor do they issue stock or pay dividends to shareholders. Aside from founders or staff being compensated a fair wage for their work in a nonprofit, the organization may not benefit individual stakeholders financially.
There are 35 types of nonprofits recognized by the United States federal tax code. Some nonprofits are either fully or partially tax-exempt, meaning they do not have to pay certain taxes. Also, some types […]
With all the decisions your clients are expected to make when starting a business, which legal structure to choose might not get as much consideration as it should. Most business owners choose to form a sole proprietorship in the beginning, since it’s less paperwork and less costly; many switch entities as their business grows to benefit from the protections provided by a Limited Liability Company (LLC) or C Corporation. But an LLC or C Corp can also choose to elect S Corp status. If your clients come to you with questions about […]