When you’re beginning a business and trying to get off to a good start, planning the details is important to get your ideas listed and organized. Sometimes there are so many ideas that beginning to prune them is important to focus on the goal. Coordinating ideas and focusing each detail in the right spot can…

Read More

Q: As an entrepreneur, I often have new ideas for business opportunities. What is the best way to evaluate my ideas before developing a formal business plan? In previous weeks we have discussed financial relief opportunities for small businesses, marketing and business planning measures, and changing consumer behaviors or expectations. Amid the Coronavirus (COVID-19) pandemic…

Read More

Generally, businesses need a Federal Tax ID number or an Employer Identification Number (EIN) to legally conduct business. Whether a sole proprietor or a corporation, an EIN is necessary. This number is used to identify a business entity for tax purposes and is fairly simple to obtain. The IRS supplies multiple ways to apply for…

Read More

Maybe you’ve heard the term foreign qualification before, but aren’t exactly sure what it means. How does your business qualify to file as a foreign qualification? What do you need to do in order to foreign qualify? If you’re not sure, you’ve come to the right place—here’s a look at what you need to know…

Read More

Did you know that when you form a limited liability company (LLC) you can choose its management structure? There are three types of management structures available to individuals that incorporate as an LLC. Single member LLC Member managed LLC Manager managed LLC What’s the difference between each management type? How can you determine which structure…

Read More

Starting a business involves a great deal of filling out and filing the appropriate paperwork to get up and running. A lot of it is fun to work on—picking a business name, logo, color scheme and location—but there’s also plenty of legal work that new small business owners need to think about, including deciding whether…

Read More

Google the phrase “certified b corporation” and take a quick scroll through the results in Google’s News tab. Chances are, you’ll come across dozens of press releases about various companies throughout the United States that are earning their B Corporation certification every week. Making the shift to a Certified B Corporation, whether you were already…

Read More