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Family LLCs: Everything You Need to Know

Did you know that family-owned businesses employ 60 percent of the U.S. workforce and create 78 percent of all new jobs? If you want to start a family business of your own, an LLC can be an ideal...

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Should You Use Your Unemployment Benefits to Start an LLC?

Millions of Americans have lost their jobs or have been furloughed in recent months, and schools and businesses across the country have been shut down. More job losses are expected in the coming...

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Important: S Corporation Filing Deadline and Extensions

If you’ve recently formed your small business as an LLC with an S Corporation, congrats! You can now enjoy the tax benefits that come with having a pass-through business entity, along with the legal...

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20 Questions to Ask Before Setting Up Your Business Bank Accounts

Starting a business is exciting, complex and fraught with countless decisions before you make your first sale. One important choice is where to set up your business bank account and what kinds of...

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What Is a Financial Statement, and Why Do You Need One?

The financial health of your business is essential to your success, and having an accurate financial statement for your company can make all the difference. Manage your finances carefully and you can...

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Opening a Business Bank Account? Avoid These Mistakes

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According to the U.S. Small Business Administration, 30.7 million small...

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What Is the W-8BEN Form and How Can I Use It When Working with Businesses Outside the U.S.?

We live in a global economy, so when a global crisis — like a pandemic — hits, the repercussions are felt in every corner of our world. For business owners, especially those who operate...

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Kicking Off Your Business with the Right Financial Projections for Growth

Starting a limited liability company (LLC) or other type of business involves a lot of planning. Before you officially kick off your company, you need to have a solid idea about the revenue and sales...

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Navigating Taxes for LLCs — Top Tips to Ease the Headache

Filing taxes for your limited liability company (LLC) can present some unique complexities compared to filing taxes as an individual taxpayer. There are a few aspects of filing your LLC tax return...

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5 Accounting Mistakes That Plague Small Business Owners

Accounting mistakes happen. That’s just the reality of it. However, for many small business owners and solopreneurs who just started their very first LLC, they simply don’t know any better. This...