How To Account For Some Of Your Largest Business Expenses
Build Business Credit

How To Account For Some Of Your Largest Business Expenses

When starting your business, the excitement of beginning a new journey and the potential for success can quickly overshadow the reality of business ownership. Part of building a successful and sustainable business is creating a strong business plan, including a detailed and thoughtful budget. If you are writing a business plan for the first time

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What is DBA in Business
Business Formation

What is a DBA | Everything you need to know about DBA

DBA is the short form of ‘Doing Business As’. A DBA is a way for sole proprietors and companies that allows them to do business under an assumed name without registering another firm.  A DBA is an easy and effective way of branching out from an existing business, opening new shop/franchise, or getting into a

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Lemonade
Business Growth

20 Vision Statement Examples for 2022 to Help You Write Your Own

No matter how many businesses you run, writing a compelling vision statement is always difficult. A perfect vision statement will outline your company’s goals and outline its vision, which will motivate your employees. A vision statement not only clarifies your thoughts but also enables employees and stakeholder to understand what the business aims for. In

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Business Plan Writing Services Cost
Business Plan Tips

How Much Does a Business Plan Cost?

A business plan is essential for every new business, from home operations to multimillion-dollar corporations. The cost varies depending on the type of business plan you need. Companies with specific planning needs such as market research, financial projections, or limited time can hire a business plan company to prepare a business plan. Generally, a professionally

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is an llc a business license
Business License

How Does a Business License Differ From an LLC?

Obtaining a business license is not the same as forming an LLC or other legal entity for your business. A business license is generally required if you own and operate a business in order to comply with local laws. There can be general licenses from your state, county, or municipality, as well as special licenses

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difference between copyright and trademark What’s the Difference Between Copyright and Trademark?
Business Formation

Copyright vs. Trademark: What’s the Difference?

Both copyrights and trademarks are important tools for protecting your intellectual property, but figuring out which one you need can be confusing. Understanding intellectual property can be difficult, but doing so correctly can mean the difference between fighting a vicious court battle to protect your legal interests and quietly enjoying the fruits of your creative

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Why do You Need a Registered Agent?
Business Formation

Why do You Need a Registered Agent?

Business entities such as corporations, LLCs, and partnerships require a registered agent. In many cases, it’s a legal requirement. For limited liability companies (LLCs) and corporations, a registered agent is responsible for receiving legal communications and other documents on behalf of the business. Small businesses often appoint an owner or employee as their registered agent. However,

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how do you trademark a name
Business Formation

How to Trademark a Name

In order for a business name to be chosen as one-of-a-kind, making sure it is owned and trademarked by the business is an important step. A trademark protects a company’s name or brand from intellectual property theft or misuse as the company grows. On the website of the U.S. Patent and Trademark Office, you can

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difference between sole proprietorship and llc
Business Formation

LLC vs. Sole Proprietorship: What’s the Difference?

Many new business owners are confused about the differences between a limited liability company (LLC) and a sole proprietorship. This guide explains the difference between sole proprietorship and LLC in terms of formation, legal protection and Paperwork/compliance, etc. Business owners often wonder whether it is better to be taxed as a sole proprietorship or a

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How To Register A Business Name?
Business Formation

How To Register A Business Name?

Creative thinking and market research can help you find the perfect business name. Once you choose your name, you should register it with the appropriate agencies so that you can protect it. When choosing how to register a business name, several factors must be considered, such as the type of business structure, the location of

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What Is a Registered Agent?
Business Formation

What Is a Registered Agent?

The majority of states require you to have an LLC registered agent. Provided they meet the state’s criteria, the agent can be a professional service, yourself, or a colleague. Registered agent services come with a number of benefits. You probably know by now that you will need a registered agent if you’ve recently decided that

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do i need an llc to start a business
Business Formation

Do I Need An LLC To Start A Business?

One of the most popular business structures for small businesses is the limited liability company (LLC). There are several advantages to the LLC structure compared to other structures. But, really do I need an LLC to start a business? The formation of an LLC is not necessary to start a small business, but in most

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convert llc to s corp
Business Formation

How To Switch From LLC To S Corporation?

Convert LLC to S Corporation may save you money on taxes. According to state law, an LLC is created for federal tax purposes. You can treat it as a corporation, partnership, or sole proprietorship. A business owner should decide whether an LLC or S corp is best for their company. When it comes to income

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what is sole proprietorship
Business Formation

How To Form A Sole Proprietorship?

What is a Sole Proprietorship? A sole proprietorship, also known as a sole trader or proprietorship, is an unincorporated business owned by just one person who pays personal income tax on the profits earned from the business. Due to a lack of government regulation, sole proprietorships are the easiest type of business structure to start

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difference between llc and llp
Business Formation

LLC vs LLP: What Are The Differences?

It is important to understand the full implications of forming a limited liability company (LLC) or a limited liability partnership (LLP) before registering your startup. In the course of starting a new business venture, you may want to explore different business entities to limit your personal liability. Both are easy to set up, but may

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How to Convert a Sole Proprietorship To An LLC
Business Formation

Can You Change a Sole Proprietorship To An LLC

Yes, It is possible to convert a sole proprietorship to a limited liability company (LLC), if you are currently running a sole proprietorship. As a business entity, LLCs offer greater protection, tax advantages, and other advantages. This simple question reflects a deeper concern about when changing from a sole proprietorship to an LLC might be

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difference between s corp and c corp,
Business Formation

C Corporation vs S Corporation: What is The Difference?

When you’re deciding how you want to run your business, you have a few options. Some people will choose to set up an LLC, while others will look into setting up an S corporation or a C corporation. While they have just one letter difference, how they operate isn’t exactly the same. This guide provides

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difference between llc and s corp
Business Formation

LLC vs. S Corporation: How Do They Differ?

Although LLCs and S corporations operate differently in terms of business operations, they are not mutually exclusive. S corporations and limited liability companies (LLCs) are often grouped together, but this is misleading. Starting a business is an exciting undertaking that has plenty of learning opportunities, regardless of whether you’re thinking of forming an LLC or

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Is S Corp Same as Sole Proprietorship?
Business Formation

Is S Corp Same as Sole Proprietorship?

One of the most important decisions you will have to make when starting a business is selecting the right type of business entity. By filing as an S corp you can protect your assets and save yourself from self-employment taxes as compared to if you were a sole proprietor. Unlike a corporation, a sole proprietorship

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what is a tax id number
Business Formation

How to Find a Business Tax ID Number?

What is a Business Tax ID Number? Tax Identification Numbers, also known as Employer Identification Numbers (EINs), are assigned to a business by the federal government for identification and taxation reasons. An EIN is similar to a Social Security number, except it pertains to businesses rather than individuals. Your own company’s EIN can be found

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