Many business owners think they are “too small” to incorporate. They wait until business picks up or they are ready to expand to tack on that legal structure. Here are some top reasons why you should consider incorporating now instead of waiting.
We all want our businesses to be successful, but not all entrepreneurs take the time to map out a plan to make success a reality. All it takes is a bit of strategy and elbow grease to be on your way to making your dreams a reality.
Whenever you’re starting a business, whether you’ll be working from home or setting up a store on Main Street, there are a number of legal considerations to explore. The specific licensing requirements vary state by state, as well as by business type.
When you file taxes as a solo business owner, things are more complicated than those days when you may have a received a W2 from a single employer. However, you’ve also got plenty of opportunities to trim your tax bill.
I, like many entrepreneurs, have run more than one successful business. Now, looking back, I realize there were several lessons that I learned with my first business that I carried through to my current one.
Considered the simplest business structure, the sole proprietorship is owned and operated by one person, and there’s no legal distinction between the owner and the business. It’s 100% legal for an entrepreneur to operate as a sole proprietor, but that doesn’t necessarily mean you should.
If you’ve been hesitating about starting a business, this post is designed to light the fire under you. If you’re reading this post, you evidently have interest in becoming an entrepreneur. But maybe fear is holding you back. You’re not alone in that regard.
You may not have a big office or employees, but you’re at the top of your game. You go above and beyond to impress your customers, and you’ve never let a single one down. So how come you feel pressured to convince customers that your solo business is just as reliable as larger competitors?
If you’ve created a formal business structure for your business, then you know you’ve taken a big step toward protecting your personal assets and setting the foundation for your business. But you might be wondering what’s next.
Small Biz Club is the premier destination for small business owners and entrepreneurs. To succeed in business, you have to constantly learn about new things, evaluate what you’re doing, and look for ways to improve—that’s what we’re here to help you do.