Understanding how to prepare for an audit of your small business is crucial in maintaining compliance and avoiding potential financial setbacks. As a small business owner, you may face different types of audits, so we’ll cover various aspects of preparing…
Starting a small business can be a great way to build your income, do what you truly love, and make steps toward self-sustainable revenue. However, you’ll need more than a well-thought-out business plan to get started with your new endeavor….
Although you can certainly apply for a loan as a small business, you should expect to invest some initial capital in the business yourself because the lender will not cover all your startup costs. In addition, many lenders want to…
A limited liability corporation (LLC) can help protect your personal assets and give you more flexibility than a corporation when running a business. If you own an LLC, you will pay yourself as a kind of “employee”, or member, of…