A sole proprietorship is the most common type of business structure. A whopping 73% of businesses in the U.S. are sole proprietorships. If you’re considering starting your own venture and forming a sole proprietorship, weigh the pros and cons of a sole proprietorship before making a decision.
Read More What Are the Pros and Cons of a Sole Proprietorship?
As a business owner, you’re responsible for paying certain business-related taxes. If you own property that you use for business operations, one of the taxes you need to pay is business property tax. Read on to learn all about property tax for business, including how to calculate and pay it.
Read More What to Know About Business Property Tax
Your customers are your business’s top priority. But do your practices back that up? When it comes to things like customers’ rights, there’s no room for errors. Understand consumer protection laws to stay compliant.
Read More Consumer Protection Laws: How Well Do You Know Them?
Your business’s balance sheet can give you a snapshot of your finances and show you whether you’re on track for success. Without it, you might struggle to detect spikes in spending or see if your pricing strategy is effective. If you want to take things one step further with your balance sheet and see how […]
Read More Balance Sheet Ratios: Current Ratio, Quick Ratio, & More
Depending on your business, you may work with things that require your compliance with environmental regulations.
Read More Environmental Regulations to Keep on Your Small Business’s Radar
Your business is your pride and joy. And if you’re like most owners, you’ll do whatever it takes to protect it at all costs. But, you can’t always protect your company from unexpected events, like natural disasters. To keep your business safe and help it stay afloat if disaster strikes, consider investing in business interruption […]
Read More Business Interruption Insurance: Protecting Your Company from the Unexpected
One thing you never want to do is take advantage of your customers, especially during national emergencies. But sometimes, you may need to increase your prices to keep up with demand or inflation. Where do you draw the line between a standard price increase and price gouging?
Read More All You Need to Know About Price Gouging Laws by State
As a business owner, you need an efficient way to monitor your inventory and determine how much to buy and when. One way to do this is by utilizing a purchasing system. Read on to learn about purchasing systems and how they work.
Read More Purchasing System: A Fresh Way to Manage Your Business’s Inventory
When you pursue your passion and start your business, you may not necessarily have the budget to hire your dream team right away. Because of a small business budget, some startup owners use employee equity as an incentive. Read on to learn the ins and outs of employee equity and what options you can offer […]
Read More The 411 on Employee Equity: Offering Equity to Your Team
One of the four main financial statements you have to keep track of as a business owner is your balance sheet. Your balance sheet gives you insight into where your business stands financially. But, you won’t get an accurate picture of your company’s finances if you don’t keep up with balance sheet reconciliation. Read on […]
Read More A Business Owner’s Guide to Balance Sheet Reconciliation