Daycare insurance is an important part of a successful daycare, protecting your business from claims of negligence or first-party losses to your business property. The two most common policies for childcare insurance are general liability and commercial property insurance. While the price can vary depending on coverage, a general liability policy can range from $495…
Ultimate Guide
Babysitting & Nanny Insurance: Cost, Coverage & Companies
Nanny insurance refers to policies for individuals who care for children in a residential setting and protects their assets by covering risks common to the profession. These risks all fall under general and professional liability, two of the most common policies. Nanny insurance can also refer to the policies a household should purchase for a…
What Is Invoice Factoring? Everything You Need to Know
Invoice factoring is a type of business financing that allows a company to get an advance on funds to cover its unpaid invoices. It can help your business with cash flow, as you don’t have to wait for customers to pay an invoice. The invoices are assigned to a factoring company, which will then provide…
16 Venture Capital Advantages & Disadvantages
Before pursuing venture capital funding for your business, you should consider the various pros and cons and how they may be applicable to your company. We’ve compiled a list of venture capital advantages and disadvantages for your consideration. For more information, refer to our guide on what venture capital is and how it works. Advantages…
34 Professional Voicemail Greetings & Tips + Free Templates
A professional voicemail greeting is crucial for small businesses because it sets the tone for interactions and the overall customer journey. An effective greeting should include five essential elements: a warm welcome, your company name or personal name, a prompt to explain the reason for the call, your operating hours, and a clear call to…
Small Business Line of Credit: Rates, Requirements & Terms
A small business line of credit is a revolving credit facility that allows you to borrow funds on an as-needed basis. You can request a draw on the line, have the funds deposited to your account of choice, use the funds for business purposes, and repay the balance over time. This flexibility makes it a…
How to Separate Business and Personal Finances in 9 Steps
I’ll walk you through how to separate business and personal finances, from registering your business with the IRS and tracking expenses to engaging a tax professional and drawing clear dividing lines. Maintaining a division between your personal and business finances is crucial and should be one of the first things you do when starting a…
What Is a Joint Business Bank Account & How to Open
A joint business bank account is equally owned by two or more partners. Each has the right to deposit and withdraw funds, write checks, use a debit card, and transfer money.
A joint account provides each business partner with full transparency regarding company finances, including its saving and spending habits, and is generally used by a partnership or an LLP. This allows all partners to consolidate their finances into one account so that managing and protecting company funds is easier. As a result, bookkeeping will be…