Messaging surrounding doing business during the coronavirus pandemic is starting to turn the corner. What has continually been referred to as a “trying” and “unprecedented” time is slowly shifting into “a time like this” according to a recent survey from QuickBooks.  Within the next 12 months, 72% of individuals surveyed by QuickBooks reported they are…

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What comes next after an entrepreneur forms an LLC for their startup? Small business owners may prioritize registering for a trademark or filing for an employer identification number (EIN) next. If you already have obtained these assets, it’s time to look into preparing an operating agreement for your business. What’s An Operating Agreement? An operating…

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Some businesses use the summer months to kick back and relax after all their hard work in Q1. Others spend these laidback months strategizing their initiatives for the remaining year. For some startups, their next move might be to literally move—with plans to expand their business and incorporate in another state. Incorporating in another state…

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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…

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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…

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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…

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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…

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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…

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