An LLC stands for limited liability company. It protects a business owner’s personal assets in the event that legal action is taken against the business. LLCs have the tax advantages of partnerships combined with the limited protection of C-corporations. State fees to register an LLC vary, ranging from $40 in Kentucky to $520 in Massachusetts….
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What Is a Convertible Note? Examples & How It Works
A convertible note is a short-term debt that has an interest or discount rate, a valuation cap, and a maturity date. Investors use convertible notes to invest in startups in the early stages of development. Investors can choose to convert convertible notes into preferred shares on a specific date or event. What Is a Convertible…
What Is CRO? The Ultimate Guide to Conversion Rate Optimization
Conversion rate optimization (CRO) is the process of increasing the number of users that take a specific action on a webpage, such as making a purchase. CRO improves page performance, making sites more effective at generating on-page conversions. Businesses looking to make their website a more efficient lead generation and sales tool should use CRO….
What Is Property Management?
Property management is the operations management of the day-to-day activities of either an investor’s own rental properties or an independent company that handles multiple rental properties for many investors. Property management includes renting vacancies, managing income, expenses, and maintenance. Property management includes both residential and commercial properties, and sometimes land. How Property Management Works Whether…
How to Build Your Own Website: Ultimate Guide 2020 [+ Checklist]
Often outsourced, web design can be completed easily by businesses using free or affordable tools, as this reduces design costs drastically. To create a website, get hosting and a domain name, then install a site builder such as WordPress and select a theme or template. Customize your theme, add plugins, build pages, and launch your…
Sales And Operations Planning: A Guide for Small Businesses
Sales and operations planning (S&OP) is a set of activities undertaken by entrepreneurs or senior leadership to coordinate sales functions and product fulfillment. Its purpose is to proactively ensure customers’ needs are met throughout the sales life cycle. It’s great for organizations with complex sales cycles. Benefits include satisfied customers and productive sales teams. For…
Series A, B, C & D Funding Rounds Explained
Series A, B, C & D investments represent the first funding rounds that startups receive from investors. Each round involves the issuance of preferred stock sold to investors by a startup, with subsequent letters representing subsequent rounds. Startups use these funding rounds to hire staff, launch products, and market to customers. What Series A, B,…
What Is Preferred Stock vs Common Stock
Preferred stock is like common stock because it offers investors equity in a company. It may be less risky than common stock, however, because preferred stockholders receive profit distributions or liquidated assets in case the business fails before common stockholders. Companies of all sizes issue preferred stock, which institutions with large amounts of capital purchase….
What Is the Prime Rate: How it Works, Definition & Formula
The prime rate is an interest rate set by banks representing the lowest interest rate at which a bank will lend money to its most creditworthy borrowers. It is highly correlated to the Federal Funds Target Rate set by the Federal Reserve. The current prime rate, published by the Wall Street Journal, is 3.25%. Current…
Convertible Debt: The Ultimate Guide
Convertible debt is a financing option that gives investors the right, but not the obligation, to exchange the value of their debt for equity on a set date or when certain events occur. Convertible debt offers investors and companies a high degree of flexibility, low ongoing costs, and a large source of funding. What Is…
What Does a Social Media Manager Do?
A social media manager handles a business’ social media accounts by moderating comments, creating and scheduling content, analyzing performance, and managing digital marketing campaigns. They are experts in social media, and businesses hire social media managers so they can focus on other aspects of the business. A social media manager starts at $49 per month….
Hotel Financing: Loans to Build, Buy, Renovate, or Refinance
Hotel financing can be used to build, buy, renovate, or refinance a hotel or motel. The four main types of hotel loans are SBA 7(a) loans, SBA 504 loans, USDA B&I loans, and conventional bank loans. You can typically see rates for hotel financing between 5% to 9%, with repayment terms up to 25 years….