Startup and Launch

//Startup and Launch

Startup and Launch

Are you considering launching a new business? If so our startup and launch articles are an ideal resource for you to dig into and educate yourself. Our blog posts cover everything from selecting the best type of business entity to knowing what state you should incorporate in. Don’t make unnecessary mistakes! Let our startup experts get you headed in the right direction.


The What, Why, and How of Incorporating Out of State

A lot of entrepreneurs wonder what state should be used to incorporate a new business. Is it their own state or maybe another state like Delaware or Nevada? There is no easy answer to that question, however, there are definite benefits for some businesses to incorporate in states other than where they conduct business.

Some existing businesses may also consider registering out of state due to compliance considerations that arise from multistate business activities or employees.

These two different situations result in what is called foreign qualification. Foreign qualification is simply the process of […]

2020-10-07T12:07:33-07:00October 7th, 2020|Categories: Startup and Launch|

How to Legally Start a Food Truck Business

According to IBISWorld, the food truck industry has 25,476 businesses in 2020. Growth in the industry from 2015 to 2020 averaged 8.7 percent. With the COVID-19 crisis a reality now, arguably, the food truck industry may be better suited than brick and mortar restaurants to navigate the challenges. With more people consuming take-out food and spending less time in sit-down establishments, food trucks may appeal to customers’ desires for getting good food fast and with less person-to-person contact.

In this article, I’ll share insight to get you headed down the right road on […]

2020-09-28T11:43:30-07:00September 1st, 2020|Categories: Startup and Launch|

Top FAQs for Small Business Licenses and Permits

When you’re starting a business there’s so much to know, it can be overwhelming.  Let us take some of the complexity out of the startup process by answering the top FAQs entrepreneurs have about small business licenses and permits.

Is a business license the same as a permit?

Although most businesses likely need various licenses and permits to operate legally, a business license and a permit are different. A business license from the city in which your company operates, confirms your business has complied with the city’s rules and regulations for legal operation.

Other business […]

2020-08-06T09:12:50-07:00August 6th, 2020|Categories: Startup and Launch|

How to Start a Restaurant Business

Are you thinking about how to start a restaurant business? Without a doubt, it’s an industry that contributes immensely to our economy. According to statistics from the National Restaurant Association, there are over one million restaurant locations in the United States, and they collectively employ 15.6 million people. What I think is especially encouraging about the restaurant industry is that it has a track record of opening the door to entrepreneurship to people with humble beginnings who are willing to work hard and learn. Many people who start a restaurant […]

2020-09-28T11:57:48-07:00July 28th, 2020|Categories: Startup and Launch|Tags: |

LLC vs. Partnership

When deciding between an LLC vs. partnership as your company’s business structure, you’ll have many considerations to address. There are ramifications legally, administratively, and financially when choosing a business entity type. Rushing to a decision can have consequences—BIG consequences—so it’s critical to review your options carefully and seek professional guidance such as from an attorney and accountant or tax advisor.

Comparing the LLC vs. Partnership Business Structures

An LLC (limited liability company) may be owned by just one person (“single-member LLC”) or by multiple owners (“multi-member LLC”). By the nature of its name, a […]

2020-07-27T06:17:53-07:00July 27th, 2020|Categories: Startup and Launch|

LLP vs. LLC

When you’re starting a small business that has more than one owner, you and your partner(s) may have concerns about your personal liability risks. If this is the case, it would be wise to compare LLP vs. LLC business structures.

Limited liability partnerships (LLP) and limited liability companies (LLC) combine some aspects of general partnerships and corporations. As sorts of hybrid entity types, they provide a level of liability peace of mind for their owners while preserving some of the simplicity of operating as a general partnership. Although they have some things in […]

2020-10-01T12:55:51-07:00July 6th, 2020|Categories: Startup and Launch|

Time to Declare Your Independence

For many, the “American Dream” is all about entrepreneurship. Business ownership is a way to declare personal independence and even though the COVID-19 pandemic has dampened the economy temporarily, it hasn’t quieted America’s entrepreneurial spirit. As a matter of fact, new businesses are starting despite the economic slowdown as evidenced by the recent number of EIN or Federal Tax ID applications for new businesses filed since mid-March (more than 500,000).

But startups are not where all the entrepreneurial action is. Current business owners have been busy, trying to keep their businesses running at […]

2020-07-02T08:56:30-07:00July 2nd, 2020|Categories: Startup and Launch|

Sole Proprietorship vs. Partnership

You have much to think about and many questions to answer when starting a business. One of the most fundamental considerations is what type of business structure is right for you. Often, brand new small businesses choose to operate as a sole proprietorship or general partnership. Would either be a good fit for you? You might be wondering, sole proprietorship vs. partnership—what’s the difference?

In this article, I’ll share information about the similarities and differences between the two business structures and some thoughts about other business entity types to consider. This information should […]

2020-10-01T12:59:02-07:00June 23rd, 2020|Categories: Startup and Launch|

4 Reasons Why a Recession Is a Good Time for Your Clients to Start a Business

With all the uncertainty in the world right now, you might think your clients are crazy to consider starting a business in 2020, but don’t be so sure. There are numerous examples of successful businesses that started during a recession, including Microsoft and Burger King.

Startup entrepreneurs are inherently bootstrappers and agile thinkers, willing to put in the time and effort to hurdle any problem thrown their way, including a weaker economy. The latest survey from SCORE looked at The Impact of COVID-19 on Startups and found 18.4% of startups have scaled their […]

2020-06-18T06:05:34-07:00June 18th, 2020|Categories: Startup and Launch|Tags: |

Sole Proprietorship vs. LLC

Are you considering starting a business as a solo owner, or will you co-own the business with your spouse? Then, you may be wondering if operating as a sole proprietorship or a limited liability company (LLC) will be the better choice.

What are the advantages and disadvantages of a sole proprietorship vs. LLC business structure? In this article, I’ll highlight the potential pros and cons of each to help you in your research efforts.

Keep in mind that there are legal, financial, and tax-related implications when choosing a business structure. Therefore, I encourage you […]

2020-10-11T22:20:14-07:00June 3rd, 2020|Categories: Startup and Launch|
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