A cooperative, or co-op, is an organization owned and controlled by the people who use the products or services the business produces. Cooperatives differ from other forms of businesses because they operate more for the benefit of members, rather than to earn profits for investors. Cooperative businesses can be as small as a community buying…
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What is a Corporation & How Do You Form One?
A corporation is a type of business structure and legal entity that is declared separate from its owners and shareholders. Corporations enjoy similar rights to a person, such as entering into contracts, owning assets, loaning money and hiring. It has these capabilities without the risk of being personally liable for business debts or legal obligations…
What Is An LLC & How Do You Form One?
A limited liability company (LLC) is a business structure that’s a hybrid of a corporation and a partnership. It is similar to a corporation in terms of limited personal liability for its owners and is similar to a partnership in terms of tax efficiencies and business flexibility. In this article, we’ll discuss how to form…
29 Passive Income Ideas From The Pros
Passive income is making money while you actively work on other ventures or even while you sleep. Many passive income ideas still need a fair amount of work upfront, but after the initial effort they can start working their magic by providing a steady stream of passive income for you. Here are 29 proven passive…
Home Office Setup – 25 Practical & Design Tips
Almost one in four American workers are realizing the benefits of working from home, whether they’re remote employees or running their own small business. But setting up your home office isn’t without its challenges. For many of us, space is at a premium, there are endless distractions, and it can be hard to separate your…
What is a Sole Proprietorship?
A sole proprietorship is a business structure owned by only one person. In this type of entity, there’s no legal distinction between the owner and the business — which means 1) the owner is entitled to all the profits of the business, and 2) he/she is also responsible for the losses, liabilities, and debts the…
How to Set Up an Office in 5 Easy Steps
Setting up an office can be an exciting and intimidating task, especially if it’s your first. In this guide, we’ll share the advice of many experts as well as our first-hand experience to help you set up your office as painlessly and efficiently as possible. If you’d just like a virtual office, Servcorp is our…
Best Temporary Office Space Provider 2017: LiquidSpace vs Regus vs ShareDesk
Temporary office space can be rented for an important meeting or as a short-term base of operations for you and your employees. We looked at the most popular options and rising stars and decided to review LiquidSpace, Regus, and ShareDesk. These companies covered the range of options for small businesses in terms of ease of…
25 Top Business Plan Tips From The Pros
Looking to start a new business? If you want to succeed you need to have a solid plan. While writing a business plan can be a daunting task, you don’t need a fancy business degree in order to craft a good one. But you do need to have vision, passion, organization, and be willing to…
Should Your Business Become BBB Accredited?
The Better Business Bureau (BBB) is a non-profit accrediting body for businesses that meet certain standards of quality, trustworthiness, and responsibility. Consumers can view information, ratings, and complaints of accredited businesses on the BBB’s website. The BBB also facilitates dispute resolution between consumers and businesses. This article explains how to become BBB accredited, the pros…
What is a Nonprofit Organization?
A nonprofit organization serves public or mutual benefits and interests. Being a nonprofit does not mean that the organization does not generate profit, but simply that it doesn’t generate revenue for the purpose of harvesting income. They typically serve a scientific, religious, educational, or charitable purpose and, with recognition by the IRS, are tax-exempt. Nonprofits…
How to Use a Digital Menu for Your Restaurant or Grocery
A digital menu is like a typical static menu board, with all the benefits of the digital age. It shows what’s on your menu, but allows for images and full motion video to be displayed digitally. The user has the option of updating the content at a moment’s notice from anywhere in the world. You…
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