Starting a Business

S Corp Election Deadline Is Approaching So Don’t Delay – Business Article

If your business is an LLC or C Corporation—or if you are an accountant, attorney, tax advisor, business consultant, etc. who helps entrepreneurs—realize that the S Corp election deadline is fast approaching on March 15, 2019. So if you want to be taxed as an S Corp for the 2019 tax year, now is the time to act.  What is an S Corporation? First things first, let’s step through what an S Corp is and its potential small business advantages.…

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6 ways to make your business idea stand out from the rest – Business Article

Small businesses exist in a noisy space. You have an idea for the next product or service that will change everything. So does the person next to you, and next to them, and so forth. With this much noise in the marketplace, how can you make your business idea stand out from the pack? The answer isn’t making a promise you can’t deliver on or using a flashy gimmick as your business model. Business ideas that stand out are ones…

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Have Employees? Then You Need to Understand Employment Taxes – Business Article

Hiring employees can make a world of difference when it comes to eliminating your stress and streamlining operations and understanding employment taxes. But, it also launches you into a new world filled with tax regulations and withholding obligations. Mastering employment taxes can trip up many business owners, but failing to do so correctly can land you in hot water. Find out which taxes you must withhold, contribute, and pay when you have employees at your business. What are employment taxes?…

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Writing Your Business Plan: Seven Essential Steps You Should Know – Business Article

If you’re planning on starting a business, you need a business plan. There’s no way around it. A good business plan will help to keep your company on track and guide it in the right direction, and it will also help you to secure funding from banks, venture capitalists and other investors. On top of that, your business plan will dictate when and why you plan to scale, what the overall goal of your company is and what success looks…

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How to Start a Tutoring Business – Business Article

Tutoring has the potential to be a lucrative side gig or a viable full-time career. Which of those you achieve depends on what your goals are and whether you do what it takes to launch and grow your business successfully. If you’ve wondered how to start a tutoring business to advance your income potential, this article is for you. Join me as I walk you through the key things you’ll need to consider. Who Can Start a Tutoring Business? Naturally,…

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What Are the Potential Advantages of an S Corporation? – Business Article

Some LLCs and corporations (if they meet the IRS’s eligibility requirements) may choose to be taxed as an S Corporation. But what does that mean exactly?  With 2019 just beginning, now is a perfect time to consider whether an S Corp election might benefit your business. Moreover, the deadline for choosing tax treatment as an S Corporation is fast approaching (March 15) if your business tax year aligns with the calendar year and you want to be treated as an…

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How to Start Your Own Writing Business » Small Business Bonfire – Business Article

By Peter Hill Are you a talented writer? Have you always been one of those rare students who didn’t fear essay questions? Are you great at writing blogs, articles, Instagram captions, and simply expressing yourself in writing? If you’re all those things, you should consider turning writing in a real business. This is a category that offers tons of opportunities. You can start small by offering writing services through through freelancing platforms, and grow a business from there. But before…

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Are You Ready to Start a Business This Year? – Business Article

If you want to start a business this year, but aren’t sure what type of business to start, a new survey from Guidant Financial and LendingClub has some ideas—as well as reassurance that you’re not alone. According to The State of U.S. Small Business In 2018, the number-one reason people start their own businesses is because they’re “ready to be my own boss”—not necessarily because they have a specific business idea. So what types of businesses are currently hot for…

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Quiz: Do you have what it takes to be a real estate agent? – Online Business Article

The key to your future Have you been mulling over the idea of becoming a real estate agent? HGTV certainly makes it look like a fun job — you get to meet new people and look at gorgeous homes. But, there’s a lot more to it than that. You need to network, get your license, build your brand, find clients, and more. It can be exhausting, so you need to make sure this is the career for you. Do you…

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14 startup resources for female founders – Online Business Article

A leg up If you are a female entrepreneur, there’s one thing you should always remember: You are not alone. Whether it’s a funding program or a networking opportunity, take advantage of the many startup resources geared just for you. According to the American Express State Of Women-Owned Businesses Report, from 2017 to 2018 women started an average of 1,821 new businesses every day in the U.S. — a record number that demonstrates the impact women are having on the…

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Great Entrepreneurs Have That Special Something – Business Article

Being your own boss can seem like one of the most rewarding experiences. You have no one to answer to but yourself. You can set your own hours and never have to ask permission to go on vacation. Every penny of profit goes right into your own bank account and you can feel like you’re actually making a difference in the world.  But how do you know if you are ready to start your own business? Instead of diving head…

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Make This the Year You Finally Buy a Business – Business Article

Should this be the year you finally start your own business? If you ask the experts at BizBuySell.com, the answer is a resounding “Yes.” According to BizBuySell.com’s Annual 2018 Insight Report, 2019 is set to be a great time to buy a business. When you think about becoming your own boss, you may not have considered buying an existing business. But if you buy a business that’s already thriving, it can be a shortcut to getting into entrepreneurship. Think of…

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Starting a Business as an Artist with Camilla D’Errico – Wonen in Business Article

Are thinking about starting a business as an artist and unsure of how you can make it in the creative industry? Camilla D’Errico (successful urban contemporary painter, illustrator, character creator and comic book artist) shares her journey of pursuing art, learning the business and building a loyal fan base. She details the first steps she took in starting a business as an artist and how she was able to work with brands like Disney, Hasbro and Wiz Kids. Whether you are an artist or…

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Starting a Business as an Artist with Camilla D’Errico – Women in Business Article

Are you thinking about starting a business as an artist and unsure of how you can make it in the creative industry? Camilla D’Errico (successful urban contemporary painter, illustrator, character creator and comic book artist) shares her journey of pursuing art, learning the business and building a loyal fan base. She details the first steps she took in starting a business as an artist and how she was able to work with brands like Disney, Hasbro and Wiz Kids. Whether you are an artist…

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Statutory Conversion vs. Business Domestication: The Difference – Business Article

Quite often, my team at CorpNet fields a lot of calls and emails from business owners that want to make changes to their companies via business filings specifically wanting to file for a statutory conversion. Some changes are rather simple and straightforward, while others are more significant and substantial. Two of the more involved type of changes some clients request are “statutory conversion” and “business domestication.” And sometimes, people confuse the two. So, I thought it would be helpful to…

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Business Startup Deductions to Take in 2018 – Business Article

Did you start a business this year? If you started a business in 2018, any startup expenses you incurred for planning, researching, or outfitting your office may be eligible to be claimed as a business startup deduction to take in 2018 and claim it on your 2018 return. Let’s begin with determining your start date. Just because you’ve filed incorporation papers (such as articles of incorporation or articles of organization) and have been issued a Federal Tax ID number or Employer…

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How To Choose the Best Business Structure for Your Company – Business Article

When you start a new business, you have lots of decisions to make. From the name and location of your company to the products and services you offer, there are plenty of things to think about and plan. Don’t overlook your business structure in the process. How you define and organize your business is one of the most important decisions you make because it impacts your tax bill, personal liability, ability to raise money, and paperwork requirements, according to the…

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Key Elements for Every Partnership Agreement – Business Article

Your partnership agreement is one of the most important business documents you will ever sign. Many people go into business with loved ones, relatives, or lifelong friends only to discover (once it’s too late) that they should have had a partnership agreement. This agreement protects everyone involved and can help reduce problems that may arise. Outlining what will happen during different potential situations and events, in a legal framework, can help keep your business running smoothly. What Should a Partnership…

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Virtual Offices UK | Should SMEs Keep Their Landlines? – Business Article

Should SMEs Keep Their Landline Telephones? August 6th, 2018 One of the UK’s leading accountancy firms, PwC, announced recently that it was getting rid of landline telephones on all office desks, with all staff being expected to use mobiles by the end of the summer. Is this an option for SMEs, however?  Basepoint Business Centres, one of the leading providers of virtual offices in the UK, take a keen interest in all matters which affect the small business community. Here…

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Flexi Office UK | Top Maternity Leave Tips For SMEs – Business Article

Tips for SMEs on Managing Maternity and Paternity Leave July 2nd, 2018 Maternity leave is a subject that has hit the headlines when New Zealand Prime Minister Jacinda Ardern became the first elected world leader to take maternity leave during her term of office. She announced that she would only be taking six weeks of leave and would effectively remain in charge of the country in the meantime. The issue of how much time off mothers and fathers should take…

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How SMEs Can Manage Staff Sickness – Business Article

How SMEs Can Manage Staff Sickness May 24th, 2018 Staff illness can be a major issue for small businesses; in smaller offices it can be easier for germs to spread, and the effects of unforeseen absences can hit SMEs much harder than giant multinationals as there are less employees to provide cover. New figures from the Chartered Institute of Personnel and Development found that in a survey of 1,000 businesses, 86% of them had seen examples of staff turning up…

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