How to Prepare for an Audit of Your Small Business
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…
5 Tips for Financing a Small Business￼
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….
Raising Capital 101: How to Build Capital for Small Businesses
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…
How to Pay Yourself with an LLC
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…