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Are Nonprofits Required to Submit an Annual Report? (Plus How to Write Yours)

You want your business to change the world, but in your pursuit, you haven't yet considered what paperwork you're required to file with the government. Many businesses must file annual reports or...

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17 Grants for Black Women in Business

Black women are the fastest-growing group of entrepreneurs in the United States, yet Brookings reports that Black women make up less than 1% of all small business owners and less than 5% of women...

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Commercial vs. Noncommercial Registered Agent: Which Do You Need for Your Business?

By state law, your business must appoint a Registered Agent — a designated party that accepts key correspondence from the state government. Also known as an agent for service of process or a...

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Do You Need an EIN for a Trust? (Plus How to Get One)

If you're fortunate enough to amass wealth and assets that you'd like to pass on to your beneficiaries, you've likely considered setting up a trust for your inheritors. A trust is an entity that...

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What Are the Tax Benefits of an LLC for a Rental Property?

Between mortgage payments, repairs, property taxes, and more, the costs of owning a rental property can add up. So when it comes time to form a business entity for your rental property business, you...

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Pros and Cons of PayPal for Small Business (Plus How to Set It Up)

With a seamless platform for sending and receiving payments, PayPal for small businesses has become an indispensable tool for entrepreneurs looking to streamline their financial operations.

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Do You Need a Business License to Sell on Shopify?

The Shopify platform boasts 1.75 million sellers, making it one of the most popular ecommerce tools available to business owners. If you're currently using Shopify or plan to do so once you launch...

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IRS Form 5472: Does Your Business Need to File?

Is your U.S.-based business owned by a non-U.S. citizen? Then you need to know about IRS Form 5472. Does your non-U.S. company do business in the U.S.? Then you, too, need to learn more about Form...

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Can You Run an LLC From Home? Pros and Cons of Home-Based Business

There's no place like home when it comes to small business. In fact, the U.S. Small Business Administration has found that around half of all small businesses start from home, sweet home. If you're...