Why Small Businesses Fail and How to Avoid This Fate

Energy, enthusiasm, and an entrepreneurial spirit are great assets to possess when launching a business venture. They often are not nearly enough. According to BLS data, about 20% of businesses with…


Sole Proprietorship vs. LLC

Sole Proprietorship vs. LLC: Everything You Need to Know

Did you know that thousands of businesses are started in the United States every year? The country reported 5.39 million new business applications in 2021. As an entrepreneur, one of the most…


Entity types

How to Pick Your Work Space - Home Office vs Coworking space

Being an entrepreneur comes with many perks. Apart from coming up with a new idea and being the first to introduce it into the market, you get to set your schedule. You’re your own boss. You…


The Impact of Lowering Interest Rates on Small Businesses Lending

Interest rates are on the decline again from a recent peak. That should pique the interest of small businesses. Borrowed capital is the lifeblood of many such businesses, especially startups and…


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Why your organization needs to outsource its payroll processing

Every business organization usually has more work to do than time; regardless of their time-management prowess. A good solution for this headache is outsourcing. Non-core business functions like…


Entity types

Top 5 Benefits of Being an Independent Contractor in 2023

The gig economy is becoming increasingly popular, which is why more and more people now want to work independently. Understanding the benefits of being an independent contractor can help you figure…


10 Most Common Startup Mistakes You Need to Avoid

Starting a business means you must master multitasking. Products and plans and a push for publicity all require your attention, and that’s just the beginning. With so much on your plate, it could be…


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Sole Proprietorship vs Partnership: How Are They Different?

The Sole Proprietorship vs Partnership dilemma is one most small businesses face when trying to decide how to structure their companies. Imagine: you have surpassed gifting your homemade jewelry to…


Entity types

Entity types: which option is best for my business?

The first decision most entrepreneurs face when starting a business is to choose its structure or entity. Entity choice is a critical decision, as it has far-reaching legal and tax consequences. At…