How to convert an LLC into a Corporation

There are times in the life of a business when one business form has to be converted into another.  For example, a startup may have initially decided to form an LLC in order to pass through the LLC's losses to the owners' tax returns, thereby…

File your W-2s and Wage Reports Online

I'm back from a mini blogging break having to do with a lot of work, taxes and other miserable paperwork that needed to get done.  One thing I learned is that you can file your W-2s and wage reports for your employees with the Social Security…

Do I have to repeat the LLC Publication if I change the Name of the LLC?

A reader asked this question in response to my post: Taking Care of the LLC Publication Requirement: "I was hoping you could illuminate something for your readers. If a business were to file a pub requirement under one name (i.e. Acme, LLC.)…

I am starting a Business – What can I do to minimize Risk and Sleep through the Night?

If you have ever started a business, you know what it is like to wake up in the middle of the night and be worried sick.  Being in business exposes you to a lot of risk.  The key is to plan for risk and minimize it where possible,…

Why your Personal Credit Score is Crucial for your Business

Find the answer in this recent article in the New York Enterprise Report:  "It's not Personal, it's Business."  The article also describes the differences between your personal credit and your business credit and why maintaining…

Business Entity Overview

CCH has a good overview over the business entities available to the business owner.  Be mindful, though, that choice of entity is influenced by your state laws.  For example, the overview states that corporations are usually cheaper…

Must Read for hungry Startup Entrepreneurs: How not to Hand out Equity

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Learn how a young startup died an early unnecessary death due to a faulty capital structure in "A Fatal Paper Cut." Great post, but IMHO, bad title.  Had I not found it through Ask The VC, I would have never read the post based…

Don’t sweat your B Plan

Don't think you are doomed to failure, if you neglect to craft the perfect business plan.  Apparently, appearance and credibility is more important than a business plan, as reported by this research report:"The researchers also found…

Why Independent Contractors are Gold for Small Business

1.  Tax and Payroll Savings Compared to employees, independent contractors save small businesses a lot of hassle, taxes, and paperwork.  A small business does not have to do payroll for independent contractors; it does not have to…

Startupping

Check out Startupping, the new"one-of-a-kind community resource created for Internet entrepreneurs by Internet entrepreneurs. It is a place to share information, ask questions, and tap into the experience of others who have built and are…