Depending on which state you form your corporation in, you may need to issue stock. Some states require corporations to issue stock, while others make it optional. Before filing Articles of Incorporation, you should spend time researching whether the board of directors will need to issue stock. If given the option, you should weigh whether..
To incorporate a company, new business owners must complete a large amount of paperwork. Unfortunately, when they go to found their company, many business owners are unaware of just how much paperwork is required. They can quickly become overwhelmed and miss critical deadlines that could end up harming their business significantly. Additionally, many business owners..
As an entrepreneur, there’s no denying that you care deeply about your new business. If you were not fueled with the intrinsic drive and dedication, you would likely not have taken the plunge and incorporate a company in the first place. Unfortunately, the gung-ho attitude that most entrepreneurs exhibit is a blessing and a curse…
If you have recently started a new business, you have likely quickly become aware of the time requirements necessary to do. Unfortunately, soon after founding their company, many entrepreneurs realize that running a business takes more time and effort than they had initially anticipated. As a result, young business owners become burnt out, having nothing..
If you’re an independent contractor working remotely, you have likely acclimated yourself to your billing and invoicing system. After completing a project, you’ll submit an invoice for the work that you completed. Your client will then pay you, often via PayPal, Google Pay, or some other similar platform. At the end of the year, you’ll..
Young entrepreneurs who are starting a business often elect the LLC structure. LLCs are beneficial because they provide pass-through taxation, which prevents income from being taxed twice. The LLC structure is also helpful in protecting owners from liabilities. However, owners must be sure that they are diligent when creating their company. The process of forming..
If you’re a young entrepreneur with the next big idea, you will likely want to form a company to sell your product or service. Unfortunately, many creative minds have failed as businessmen because they were unprepared when starting a business. Below, you’ll find common mistakes to avoid when starting a business. Keeping these in mind..
Choosing a date to start your business shouldn’t seem like a big deal, but believe it or not, there is a “best” time to start, and it’s at the end of the year. Whether you are beginning a brand new venture or considering moving from a sole proprietorship to a limited liability company (LLC) or..
There are so many decisions to make when starting a business – what product or service are you offering, have you chosen a name that accurately reflects your business, do you need a physical location, and so much more. Every single decision can be time consuming and overwhelming, but the most important thing to remember..
When choosing how to register their business, one of the decisions entrepreneurs are faced with is choosing between a Limited Partnership v. LLC. It’s important that new owners select the correct business structure, as it could not only save them money but could also avoid headaches in the future. When it comes to making such..