An LLC operating agreement is a binding contract between members describing how profits and losses are shared and whether your LLC is member- or manager-managed. It serves to resolve member disputes, dictate responsibilities and more. Operating agreements aren’t always required by law but have an attorney or legal service draft one to include in filing…
Starting a Business
Top 25 Bitcoin Business Ideas from the Pros
The evolution of the cryptocurrency industry has gained momentum recently, providing people with different ways to earn income. There are many business opportunities that support the cryptocurrency industry. To help you get started, we spoke with the experts who shared their bitcoin business ideas and how to incorporate bitcoins and/or other cryptocurrencies into your business….
How to Create a Business Partnership Agreement [+ Free Template]
A business partnership agreement is a contract between partners that contains terms like the business’s purpose, partner contributions and voting rights. A partnership agreement isn’t required to form a general partnership and doesn’t have to be filed with your state. However, have your partners sign one to create a legally enforceable document for resolving disputes….
22 Tips on How to Get Bookkeeping Clients
Finding potential bookkeeping clients can be a tough job, especially for new bookkeepers. But the good news is that there are many creative ways and marketing channels to help both old and new bookkeepers find new clients. We spoke with industry experts who share the best approaches on how to get bookkeeping clients. 22 of…
How to Write a Mission Statement in 6 Steps + Template
A mission statement is a short, meaningful phrase that summarizes the purpose that drives your business. Similar to your business’ vision (the “what”) and values (the “how”), your mission statement answers the question of why you do what you do. We’ll take you through a simple six-step process to develop your business mission statement. We’ll…
Limited Liability Partnership Agreement Template + Pros & Cons
A limited liability partnership (LLP) agreement is a professionally licensed partnership that protects partners from personal liability of business decisions. These legal entities serve as pass-through entities for tax purposes and are organized to specifically help certain licensed professionals such as lawyers, accountants or architects. An LLP is easy to set up and administer. You…
5 Sole Proprietorship Pros and Cons
A sole proprietorship is a single-member business that’s never formally incorporated with a state filing. Sole proprietorship pros and cons include that It’s easy to set up, but there’s no distinction between business and owner and no liability protection. Sole proprietorships minimize startup costs but won’t help you limit your personal liability. Regardless of how…
11 Best Frozen Yogurt Franchises
As consumer demand for healthier food grows, frozen yogurt franchises are a good option if you’re looking to start or grow a business. There are a variety of frozen yogurt franchise opportunities available. With the help of , we have narrowed down the 11 best performing frozen yogurt franchises. If you’ve already chosen a franchise…
The Best Age to Start a Business — Spoiler: It’s Not Your 20s
Stories of 20-something college dropouts who managed to build billion-dollar companies from scratch often get a lot of media attention. The tremendous success of famous personalities such as Mark Zuckerberg of Facebook, Bill Gates of Microsoft, and Steve Jobs of Apple create the impression that to make it big in business, you have to start…
7 Best Ice Cream Franchises 2018
The ice cream industry is a largely seasonal business that is slowly losing market share to healthier snacks and treats. Nonetheless, successful ice cream chains still exist that are good franchise opportunities. We spoke to FranchiseGrade.com and received data on the 7 best-performing ice cream franchises. To find the best ice cream franchise that meets…
8 Best Coffee Franchise Opportunities 2018
The coffee franchise industry is really popular nowadays as consumers use coffee shops as a place to hang out, study, and meet with friends. This is why it’s currently one of the best franchise opportunities. We spoke with and received data on the 8 best-performing coffee franchises with minimum investments between $10,000 and $250,000. Whether…
Trademark Costs: DIY Registration vs. Online Service vs. Lawyer
Registering a U.S. federal trademark will likely cost between $225 and $2,000. The trademark cost if you file yourself will cost at a minimum of $225. The trademark cost using an online service will cost around $500. The trademark cost using a trademark attorney will likely cost around $1,500 to $2,000. If you want to…