If you’re a small business owner who’s recently decided an LLC, or limited liability company, is the right business structure for your business, and you’ve started preparing your formation papers or Articles of Organization, you probably know by now that you’ll need a registered agent. But what is a registered agent? And how do you…
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What Is an Annual Report? An annual report is a document that public corporations must provide annually to shareholders that describes their operations and financial conditions. The front part of the report often contains an impressive combination of graphics, photos, and an accompanying narrative, all of which chronicle the company’s activities over the past year…
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When you’re preparing to start your small business, there are many exciting tasks: locking down the perfect business idea, choosing a business name, getting the word out, and so on. In addition to these exciting to-dos, however, there are also the more tedious tasks that need to be done before your opening day—determining your business…
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As a small business owner, you already have enough to worry about. By the time tax season comes around, the last thing you want to think about is the amount of tax you owe. With tax rates subject to change every year and the legal jargon that goes into discussing them, it can quickly become…
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To make and keep your business successful, you’ll need to have a good grasp of accounting basics. Accounting is a necessary part of running a company. Business accounting is the practice of recording, analyzing, and reporting your business’s performance and financial status. Good accounting and bookkeeping practices are essential not only to know the financial…
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Here’s an overview of the types of mergers and acquisitions (M&A) for small business owners. As a small business owner, you might want to build a business that others want to buy. On the other hand, you might want to acquire other companies to help you grow. That’s why it’s important to learn something about…
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When you are ready to expand your business to new locations, you need to update your business plan, conduct market research, and more. As a business owner and entrepreneur, you might be asking yourself, When is the right time to expand my business? Expanding your business is exciting but also extremely difficult. You must perform…
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The idea of starting your own business, keeping your own hours, and being your own boss can be exhilarating — if not for the uncertainty and expenses associated with the process. The startup cost of opening a barbershop and becoming a freelance website designer may vary considerably. Regardless of how small your operations are (microbusinesses,…
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When you register your business, you typically file Articles of Organization or Articles of Incorporation with your Secretary of State. This allows you to legally incorporate your business or form an LLC. However, it doesn’t have anything to do with obtaining the licenses and permits you may need to operate a business within your industry.…
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Your business plan is the foundation of your business. Learn how to write a business plan quickly and efficiently with our business plan template. Learn How to Write a Business Plan A well-written business plan serves as a roadmap for your business. As you write, you’ll think through the most critical aspects of running a…
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