Here’s an overview of the four basic legal forms of ownership for small businesses: sole proprietorships, partnerships, corporations, and limited liability companies (LLCs). Sole Proprietorships The vast majority of small businesses start out as sole proprietorships. These firms are owned by one person, usually the individual who has day-to-day responsibility for running the business. Sole...
Category: Podcast
The Entrepreneur’s Ultimate Tool Kit – A Roadmap (Two of Twelve)
A Brief Entrepreneurial Roadmap to Success Being an entrepreneur rules…but there are rules! Whether you’re planning to start a new business, trying to grow a fledgling business, or working to keep an already established enterprise competitive, your business plan is your “roadmap” toward success. And, since running a business is a little like embarking on...
The Entrepreneur’s Ultimate Tool Kit – Hobby to Profit (Part One of Twelve)
Get a Hobby, It Can Make You Rich …and save you taxes! Many people dream of turning their passionate pursuit into a money-making venture. Creating a successful and profitable business is seldom easy, but the Federal government offers tax incentives to business owners that could make converting an avocation into a business start-up an effective...