A business partnership is an agreement between two or more individuals who go into business together. There are several types of partnerships that business owners can create, such as a general partnership, limited partnership, LLC with multiple members, and limited liability partnership (LLP). Regardless of the partnership you choose, we recommend creating a documented agreement…
Starting a Business
25 Best Home Based Franchises
Home based franchises are businesses you can run from your home, or that have a mobile vehicle such as a branded truck. Much of the work conducted by the home franchises listed below can be either full time or part time. Additionally, many of the businesses can start as a home based franchise and grow…
Best and Worst States for Businesses to Survive the Pandemic
Our 50-state analysis shows that business owners in Ohio (which ranked #1) were best situated to weather the economic turmoil of the COVID-19 pandemic. Those in New York (#50) fared the worst. Fit Small Business surveyed every state using metrics including overall financial health, infection rates, emergency reserve totals, and consumer confidence to determine in…
LLC vs S-corp vs C-corp: What is the Best for Small Business?
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…
How to Start a Cleaning Business: The Complete Guide
Cleaning businesses offer a wide range of services, including disinfecting, vacuuming, dusting, tidying up, floor mopping, and waxing. More recently, cleaning businesses are specializing in CDC recommended procedures to kill the COVID-19 virus. In this guide, we talk about low-cost strategies to get your cleaning business up and running on a budget. We cover how…
6 Best Business Plan Software 2020
Business plan software gives you the tools to create financial projection tables, charts, and other documents you need to plan your business. Software is often better than using a free template because it gives you step-by-step directions and educational materials to help you complete a clear business plan. We review the best business plan software…
How to Start a Business: The Complete Guide
Whether you’re starting a part-time business or quitting your corporate job to create your dream biz, you’ll find information in this guide to help you succeed. Throughout this article, you’ll learn from experts in finance, legal, marketing, human resources, software, insurance, in addition to myself—a former small business consultant. As a small business consultant, I’ve…
7 Best Online Legal Services 2020
An online legal service assists with legal tasks in both business and personal matters. The 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. Choose a company to work with based on your specific…
Should You Start a Business?
Before starting a business, you need to determine if you’re ready to become a business owner and there are several factors to consider before you do. Why do you want to start a business? How much money do you want to make? Do you understand what business owners do and how they’re different from entrepreneurs?…
How to Choose a Business to Start
Choosing a business to start can be both an exhilarating and frustrating time—there are so many options. To settle on an idea, examine your skills, experiences, and firsthand knowledge. Also, look at what businesses are trending. Before choosing, get a cost estimate required to start the business and ensure you can make it happen. By…
How to Market a New Business (11 Thrifty Strategies)
Learning how to market a new business successfully can be overwhelming. There are so many decisions to make: What marketing materials do you need to create? Should you build a website? What social media platforms do you need to be on? And should you advertise? In the steps below, we’re going to walk you through…
4 Types Of Business Plans (Plus Software & Writing Services)
A business plan is a written document that explains how a business will succeed. All businesses should have some type of plan. If you’re making a more in-depth business plan, consider using a software to keep your thoughts and financial projections well organized. In this article, we talk about four types of business plans: One-page…