When you’re starting a new business, you’ll have to choose the type of business structure that’s right for it. Knowing the differences between the types of structures and what each one has to offer can help you choose the right business entity — a decision that’ll affect your taxes, income and legal liability.[1] When making...
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When most people think of a trust, they think of it as something rich people set up for their children. But a trust can have much wider uses than that, serving a range of people. A trust is a legal entity where money, property, or assets belonging to one party (the settlor) is overseen by...
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When you launch a new business, it’s important to take all the right steps to make sure the state and federal government recognize your company. One of those steps is registering your business name. Knowing how to register a business name properly is important because it protects your name and identity. There are different ways...
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The internet continues to create new opportunities for savvy entrepreneurs, particularly when it comes to starting an online business. The costs have the potential to be smaller compared to brick-and-mortar organizations, and the audience that your products or services can reach is vast. While opening an online business has its advantages — working for yourself,...
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If you’re running a business, you should have a contingency plan in case one or more key people leave, no matter if it’s because of retirement, death, a disagreement over strategy or a job opportunity at another firm. In some cases, such planning is crucial to ensure an orderly transition in ownership. It is an...
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Have you ever had an idea for a small business? Maybe it’s a unique product you believe would be a hit, or a brick-and-mortar storefront that would provide a needed service to a neighborhood. For those would-be entrepreneurs who actually take steps to realize their business idea, however, many eventually hit a brick wall. Financing...
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In a world that only grows more digital, personal information like your credit is at greater risk than ever. If someone manages to get their hands on any of your sensitive information, they may be able to open a credit account in your name and rack up a bewildering amount of fraudulent charges. With threats...
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Paperwork. It’s not the most exciting part of life, but putting a little work in up front to keep important documents organized and accessible can save a lot of hassle when you need to access them. But how long do you really need to keep documents? This guide will explain how long to keep your...
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Working from home is the next big thing. According to the State of the Remote Job Marketplace report, in 2018, nearly 4 million people, or 2.9% of the population, worked from home. That’s a 115% increase since 2005, and that number is projected to grow even faster in the coming decade. Upwork’s Future Workforce Report...
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As the general manager of My Fit Foods in Hermosa Beach, Calif., Brandi Guerra hears about her customers’ desire for convenience every day. The company, with more than 50 stores in five states, specializes in creating healthy meals to go. “Everyone wants it fresh, and everyone wants it now,” says Guerra, whose customers range from...
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We’re kicking off our Fire Prevention Week 2014 series with tips on how to protect your home and what’s in it. Think of each room as a separate entity with its own set of rules. Begin in the bedroom The U.S. Fire Administration estimates 600 Americans die in fires that start in bedrooms. Let’s start...
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