The limited liability company (LLC), S corporation (S-corp), and C corporation (C-corp) are all business structures that you may be considering. The LLC is a low-maintenance legal entity that’s best for a simple business. An S corporation is a tax status created so that business owners can save money on taxes. A C corporation is…
Are you looking to start a business, but aren’t sure what to do or if your “out there” idea will work? Take heart! Weird business ideas can lead to successful companies. Unconventional businesses usually cater to a niche market need, which means less competition. Plus, they can be a lot of fun! Here are 30…
Technology and imagination have created more opportunities for farmers to develop a profitable business. Small farms (earning less than $50,000 annually or occupying less than 180 acres) in particular can profit from less traditional farming like beekeeping, microgreens, or even hops, as well as alternative income sources like agritourism. According to the USDA, in 2023…
S corporations (S-corps) are pass-through entities that don’t pay federal income taxes. Rather, their profits, losses, deductions, and credits pass to their shareholders’ tax returns. The shareholders are then responsible for paying federal income taxes on their share of the S-corp’s income based on their individual income tax rates. Since S-corps are not taxed at…
Creating a vision statement is fundamental to defining your brand’s identity and provides an aspirational goal for everyone in your company to pursue. But learning how to write a vision statement that is effective and inspirational can be challenging. To make it easier, download our free template and follow the steps below to create a…
There are many creative ways for your bookkeeping business to stand out from competitors. By enhancing your credibility, creating a professional image both virtually and in person, and actively seeking referrals, you will increase your chances of retaining your current clients and gaining new ones greatly. If you’re wondering how to find bookkeeping clients, read…
Your vision statement presents an aspirational outlook of your future goals for your small business. They tell the world where you want your brand to be after a certain time period, particularly the goals you’ve achieved and the impact you’ve made, all in a brief sentence or two. In this article, we cover 12 inspiring…
A mission statement is a short, meaningful summary of the primary purpose of your business; in other words, why you do what you do. The best examples showcase a brand’s identity, resonate with the target audience, and can even be used to guide business decisions. We rounded up over a dozen of the best small…
