Managing Finances for a Small Business When creating a small business, finances are a crucial part of any plan. It’s important to have a plan in place for how to handle the finances, as everything will need to be carefully tracked for management and taxing purposes. Use the tips below to start thinking about how [...]
Ready to start a small business? The process isn’t as overwhelming as it might seem at first. It just requires knowing what the 10 steps to starting a small business are and taking the time to make sure each one is done right. Do Your Research Market research is crucial before launching any business. [...]
A business can be started without any paperwork to create a specific business type. However, this isn’t always the right way to get started. Many small business owners will want to consider creating an LLC from the beginning. Before doing that, however, it’s a good idea to learn about the pros and cons of creating [...]
Many of those who want to start their own business do so just by starting to sell products or offer their services. This works well for many small businesses but acquiring debt can be a huge downside and liability for the business owner. Instead of operating under a sole proprietorship, which is the default business [...]
It’s well known that many businesses fail within the first five years. The vast majority of these businesses fail because the owner made common mistakes that caused issues too large to overcome. However, by learning about the most frequently made mistakes when starting a small business, it’s possible to avoid them and have a much [...]
Creating an LLC provides protection to the business owner, separating their personal and business assets and debts. However, creating an LLC can be confusing if the person hasn’t done it before. So why choose Quick Start Docs when starting a business? It only takes seconds to get started and a business owner can create their [...]
Small business owners sometimes get into disputes that need to be settled using either arbitration or mediation. Both of these processes are considered alternative dispute resolutions (ADRs), and both involve asking a third party to help with settling a disagreement, but that's where the similarities end. Read on to find out what business owners need [...]
Small business owners, even for the smallest of businesses, may want to have a legal status as an LLC or S-Corp for their business, as this protects them from lawsuits and provides other benefits. Though these are only two of the options for small businesses, they are the most common ones. The differences should be [...]
LLCs, like other types of businesses, do need to pay taxes each year based on earnings or losses. Once a business becomes an LLC, it’s important to understand how to file taxes and what the impact might be, and there are a few different ways an LLC can be taxed. The main considerations are the [...]
No matter how small a business is when it gets started, there is something to be said for making it official and gaining protection in case anything happens. Even for a small business, protection can be crucial, as one lawsuit can cause a significant amount of financial damage. One of the business types to consider [...]
