If you want to be an entrepreneur, there may be one skill above all others that you need to have or need to learn: Sales. Even if you’re the best at what you do other people don’t know that and that’s where your ability as a salesperson goes to work. The late Steve Jobs was […]
A corporation is a distinct legal entity that pays workers for their services. Corporate shareholders who operate the business are compensated just like any employees. This permits the corporation to provide employee benefit plans to the owner. An independent contractor taxed on income reported by Form 1099 is not entitled to establish employee benefit plans […]
Having a corporation as your business structure provides some beneficial options for tax planning as well as having a successor after you retire. One method that addresses both circumstances is forming an Employee Stock Ownership Plan (ESOP).
There are many businesses that, according to state and federal governments, aren’t businesses at all. This is because they have never incorporated their business. If you’re asking, “should I incorporate my business”, we’re going to help you find the answer. Here are four reasons to incorporate your business: Limited Liability Right now, your business is […]
Entrepreneurs looking for a small business loan may want to consider a community bank, especially with the benefits many small banks offer.
Under the Hiring Incentives to Restore Employment (HIRE) Act, enacted March 18, 2010, two new tax benefits are available to employers who hire certain previously unemployed workers (“qualified employees”).