Startup
How do I Get a Federal Tax ID for my Business?
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 This ArticleThere’s No Better Time Than Now to Embrace Entrepreneurship
One of my favorite quotes is “You miss 100% of the shots you don’t take.” Hockey Hall of Famer Wayne Gretzky is the attributed source. One of the reasons why I think this quote resonates with me so much is that it’s universal to everyone and every situation. Each day is filled with new opportunities,…
Read This ArticleDo I Need to File For a Foreign Qualification?
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 This ArticleDo You Know the Difference Between LLC Structures?
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 This ArticleBusiness Licenses 101
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 This ArticleCertified B Corporations: 3 Reasons Why It’s Time to Make the Shift
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 This ArticleThe Best Place to Learn How to Run a Business is Inside a Small Business
Adapted from One More Customer by Fran Tarkenton and Scott Miller I believe the very best place to get an education in how to run a successful small business is inside a small business—working for one or running one. In a small business, if you’re in accounting, you can probably see the marketing person across the room.…
Read This ArticleThe 4 Best Ways to Maintain a Business Partnership
Starting a business all on your own can prove to be one of the more difficult occupation paths to take on. Thankfully, new entrepreneurs will find that the more people they add to their team from investors to employees and partners, the easier it is to run a business. Partners make for a wonderful business asset for…
Read This ArticleTrademarks and DBAs: What’s the Difference?
Trademarks and DBAs may seem like the same concept, if you’re fairly new to understanding small business terminology. Trademarks may include business names and other media that distinguishes a startup and its uniqueness to the world while a DBA is an acronym for “doing business as.” Businesses may register for trademarks and DBAs to protect…
Read This ArticleStreamlining Your Processes
Every startup has to develop a process for doing business. Whether that means the business owner has sketched a detailed map of each employee’s day-to-day functions or merely drawn out a list of guiding principles that lead the organization through each and every business transaction. There must be a process in place to set out…
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