When considering whether to buy an existing business or a franchise, it’s important to weigh the level of control and guidance each option offers. Buying an existing business provides more control, while a franchise offers more guidance and support from the franchisor. Franchising involves paying royalties and fees for ongoing support and following the established protocols of the franchisor.
How to Buy an Existing Business or Franchise Read Post »
Many businesses rely on business credit to help finance the purchase of new machinery, acquire inventory, and expand their operations. Even recurring costs like payroll can be covered by short-term loans. Most lenders require assurances that they’ll be repaid on time, and one way they help determine repayment risk is by reviewing the business’s credit scores and ratings on file with the major reporting agencies.
How to Establish Business Credit in 2024 Read Post »
Cryptocurrency, also known as crypto, is a digital or virtual currency that operates on a decentralized network, using cryptography to secure transactions and control the creation of new units. It is not reliant on any central authority, such as a government or bank, for its maintenance. The most well-known cryptocurrency is Bitcoin, created in 2009, and it remains the largest cryptocurrency by market capitalization.
The Ultimate Guide to Cryptocurrency: The Top Facts You Need to Know Read Post »
Not everyone starts a business knowing how to hire employees—many of us have to learn along the way. This learning curve is part of owning a business, though this can come with some serious pitfalls, from creating poor team dynamics to violating anti-discrimination laws.
How to Hire the Best Employees in 2024 Read Post »
Calculating startup costs for a new business venture might seem like a daunting task, but with proper planning and organization, it can be efficiently done.
How to Calculate your Startup Costs Read Post »
A business loan can provide the funds you need to expand operations, cover day-to-day expenses and purchase equipment or inventory. If you’ve never applied for a business loan, you might be unsure about where to begin or which documents are required.
How To Get A Business Loan in 2024 Read Post »
After you have registered as a limited liability company (LLC), you’ll want to obtain an employer identification number (EIN) for your business from the IRS. An EIN is another name for the nine-digit federal tax identification number (TIN) for your business. You can think of an EIN as the business version of a Social Security number.
How To Get An EIN For An LLC in 2024 Read Post »
A DBA (doing business as) name is useful for any business that wants to rebrand or relaunch without creating an entirely new business entity. It’s also useful for small businesses that don’t wish to incorporate or form a limited liability company (LLC).
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The steps to starting a 501(c)(3) include writing a purpose statement, naming your organization and appointing your board of directors. At that point, you can file your articles of incorporation and then file for your 501(c)(3) status with the federal government. Finally, to begin soliciting funds, you also must register your nonprofit in your state. Let’s take a closer look at these steps.
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To start a nonprofit, begin by doing your research to ensure you will meet your goals when you start your nonprofit. Then, begin building a foundation that will help you attract donors and be prepared to file the necessary paperwork to earn your tax-exempt status.
How To Start A Nonprofit in 2024 (Guide) Read Post »
Setting up a limited liability company (LLC) properly is one of the most important steps in establishing your business. An LLC can offer your business liability protection as well as other perks. In this guide, we will walk you through how to start an LLC in just seven simple steps.
How To Set Up An LLC in 2024 Read Post »
Registering your business and obtaining the necessary licenses and permits may seem like a daunting task, but it’s a crucial step towards building a successful and legitimate enterprise.
How to get Your Business Licenses & Permits Read Post »
