Florida, with the fourth-largest economy in the United States, is a business-friendly environment made up largely of small businesses. Every Florida-based small business needs to consider business insurance coverages like general liability and a business owner’s policy (BOP). The Sunshine State also requires certain policies, like workers’ compensation (for businesses with at least four employees)…
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California Business Insurance: General Liability & More
In California, every small business needs to consider business insurance. While there are important coverages like general liability and a business owner’s policy (BOP) for California small business insurance, there are other policies to consider. Additionally, the Golden State requires certain policies, such as workers’ compensation for all businesses with one employee and commercial auto…
Texas Business Insurance: General Liability & More
While the majority of insurance coverages in Texas are not required, small business owners should still consider purchasing commercial insurance for their businesses to provide financial protection against claims of negligence while helping your business during periods of downtime or with first-party property damage. We will cover what is required and what is not, the…
Can I Use a Personal Checking Account for Business?
At one time, small business owners or entrepreneurs have asked themselves, “Can I use a personal checking account for business?” Technically, you can—but you should not use a personal checking account for your company finances, regardless of your business’ size and organization type. While some small sole proprietors might consider using a personal bank account…
Gen Z Consumer Behaviors: Understand Gen Z Shopping Habits
Generation Z is no longer comprised of children with no buying power, and they are entering the consumer market with new behaviors and demands for retailers. Keep reading to learn more about who Gen Z is, what Gen Zers’ consumer behaviors and preferences are, and how your retail business can appeal to their needs and…
Cleaning Business Insurance: Cost & Coverage
Cleaning business insurance are policies that cover the risks associated with your business and protect your assets and equipment. The price depends on your business, but cleaning business insurance costs vary from $500 to $4,500 per year for general liability. Estimated Cleaning Business Insurance Costs When evaluating your company, insurers will take some of the…
How to Wholesale Real Estate: The Ultimate Guide
Real estate wholesaling is a cost-effective way to start investing in real estate if you have limited funds and are looking for a short-term investment approach. The low financial barrier to entry and not having to manage tenants and rental properties, or house-flipping projects, make real estate wholesaling a great option for new investors. However,…
Credit Card Processing Fees Explained (+ Cost Calculator)
Credit card processing fees are unavoidable. However, understanding how credit card processing fees work can help you manage the cost of accepting card payments for your business.
What Are Credit Card Processing Fees? Credit card processing fees are the combination of service fees imposed by the credit card network, the card issuing bank, and your merchant services or payment processing provider. Businesses typically pay an average credit card transaction rate of 1.9% to 3.75%, depending on a variety of factors such as…