Posts by Melissa Clark
Is Becoming an Amazon Seller Right For You?
Before you start your Amazon business there are a few key areas you need to focus on. You will need to establish if there’s a demand for your products, look at potential benefits and pitfalls, understand how your business finances might look and ensure everything is in order. In short, you need a business plan […]
Fictitious business name renewal companies could be a scam
Entrepreneurs forming an LLC and using a fictitious business name should watch out for disreputable companies offering to renew a business name filing for excessive fees. A Victorville, California, business owner thought twice before sending in the $125 fee to an official-looking company that threatened his LLCstatus would expire, reported the Victorville Daily Press. The California attorney general […]
Incorporating an LLC can save money on taxes
Entrepreneurs can avoid double taxation and lower their tax rates through incorporation, especially by forming an S corporation from their existing LLC or C corporation. Many LLC members pay a self employment tax that can be reduced to a lower payroll tax by forming an S corporation and allocating a small portion of profits for personal salaries, according to Wayne […]
File an LLC to find big benefits for a small business
LLCs are one of the most commonly chosen business structures among entrepreneurs who are starting a company. With the help of online incorporation services, it’s simple to file an LLC, but it’s smart to know how to use this structure to its full advantage. Business Insider offers some insight on how to make the most of an […]
Entrepreneurs take note: Tax trends for 2010
Entrepreneurs are likely finishing up their 2009 tax filings. As they prepare to leave last year’s finances behind them, it might be wise to look ahead to tax trends for 2010. One small business resource center offers some insight on what the coming tax year may hold for the small business community. To start, they predict […]
Starting an LLC gives entrepreneurs more flexibility for future plans
When forming a company, one question an entrepreneur spends a lot of time thinking about it what legal entity they should choose. Smart Business Network contributor Mark Klimek says that filing an LLC will give the company the flexibility it may need further down the road. But even with careful planning, as a company expands, it may […]
Minority-owned businesses on the rise
The number of minority-owned businesses in the U.S. has shown a significant increase in recent years, according to figures from the U.S. Census Bureau. From 2002 to 2007, the number of minority entrepreneurs who have started an LLC or other business type increased 46 percent to roughly 5.8 million companies. Small business growth by minorities […]
Following corporation rules and regulations
Entrepreneurs who decide to start a corporation as opposed to a looser structure such as a sole proprietorship, need to carefully follow all of the practices and mandates that come along with it in order to avoid trouble with the IRS. In Entrepreneur magazine, Bonnie Lee notes that corporations come with the responsibility to hold […]
Transitioning from employee to entrepreneur
Leaving a job at a large corporation to start an LLC can be a scary decision. But many have found greater happiness by running their own businesses. Pamela Slim, author of Escape From Cubicle Nation: From Corporate Prisoner to Thriving Entrepreneur, offers advice on how to make the transition. In an interview with Entrepreneur magazine, Slim encourages […]
Incorporation Versus Limited Liability Company
Compare a Limited Liability Company with an Incorporated company to see which one is right for your business. Incorporation, denoted by Inc., is the creation of a new legal entity that is essentially recognized as a person under the law. A Limited Liability Company, donated by LLC, is a flexible enterprise that combines partnership and […]
