Selling a few items on Ebay or Etsy may not create large and complex tax scenarios but your business doesn’t have to be very large before you have additional tax rules to follow and understand. Some small business owners pay more taxes than they should while others find themselves in tax trouble. The IRS won’t accept […]
Times have changed and that’s a good thing for the budding entrepreneurs of the world. In the past, starting a business often involved leasing retail space, purchasing expensive equipment and hoping that your idea would take off in to a profitable venture but no longer does it have to be that way.
New companies that use electronic commerce are successful when targeting a narrow clientele because their reach is so broad. Illustrating this is Citrus Lane, which sells $25 per month subscriptions to mothers with small children.
It always comes back to money, doesn’t it? You have a dream of starting your own business but looking at your bank account balances reminds you that in this case your dreams may be larger than your wallet. Some businesses may require very little in startup funds while others may take millions of dollars.
Knowing what you really need versus what is a luxury isn’t always easy to figure out especially if you’re a new entrepreneur who has never started a business. Some expenses are impossible to avoid and are essential to opening your doors. The small expense of forming an LLC or other business structure is an essential […]
Everyone knows that hangovers are common in Las Vegas, but only one person viewed this an opportunity to start a new business. Jason Burke was right when he decided that people are willing to pay for a convenient solution to their troubles after a rough night on the town.
If you’re in the final phases of opening your business startup, you likely know that you have to register your business in the state where you’re located. Registering for most small businesses often involves forming a Limited Liability Company or for those with more complicated business structures, a C corporation or S corporation may be […]
There’s no doubt that the interest in entrepreneurship has seen a boost over the past half decade. With so many people laid off from their careers, many are looking to entrepreneurship as a means to better financial security. They no longer want to put their financial wellbeing in to the hands of another company that […]