Franchises and startups can both be considered a way of “running your own business,” though they differ substantially in terms of setup, cost structures, creativity, and direction. In this article, we’ll go over the differences between a franchise vs a startup, the pros and cons of committing to each, and how to decide which business…
Starting a Business
What Is a Registered Agent? How & Why to Get One
A business’ registered agent (RA) is the official contact for receiving important documents—a summons, subpoena, or registration renewal. While every state requires a business to have a registered agent, regulations may differ. Several states allow the business to be its own RA, but others don’t. If you’d like to hire a company to serve as…
Types of Business Plans: Ultimate Guide for Business Owners
Starting or growing your small business requires careful planning. A business plan is a detailed document outlining the goals, strategies, operational plans, and risks associated with starting or running a business. Various types of business plans will be your roadmaps to securing funding, planning for growth, or making big decisions through your business’s lifespan. In…
7 Best Online Legal Services for 2024
An online legal service assists clients with legal tasks for both business and personal matters. These services typically cost a fraction of what a local attorney would charge. An online legal service helps with tasks such as business registration, legal documents, attorney advice, and intellectual property. Depending on your specific needs, certain legal services will…
Ultimate Guide to SWOT Analysis for Small Businesses in 2024
A strengths, weaknesses, opportunities, and threats (SWOT) analysis can be used in multiple scenarios, from helping an aspiring business owner evaluate the feasibility of launching a new business idea to arming an existing business owner with the insight needed to make solid decisions around areas in which the business is doing well or not so…
What Is an LLC and How to Start One
A limited liability company (LLC) is a form of business that protects a business owner’s personal assets from legal claims against the business. Unlike with limited partnerships, protection extends to all members of the LLC, including those with managerial authority. If the election to tax the LLC as an S corporation (S-corp) is made, then…
What Is Corporate Social Responsibility?
Corporate social responsibility (CSR) is the practice of companies voluntarily committing to uphold ethical or environmental standards. A person might choose to rely on solar power or only purchase products packaged in recyclable materials. A company or corporation can do the same thing on a larger scale, increasing the impact of their socially responsible choices….
15 Photography Business Ideas to Try in 2024
If you have any inclination toward photography, this could be a niche to explore. You can become a freelance photographer, start an agency, or even give courses. Not interested in working with people? Sell photo products or offer remote editing services. These are just a few of the ideas we’ll explore in this list of…