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When your business needs cash to survive, you may expect to borrow from your 401(k) account or other savings. This is called “bootstrapping” and it seems like a straightforward, “do or die” solution. Unfortunately, some people may not have sufficient savings to infuse...
If you have money to invest in a new business, you may be struggling to find a reliable, profitable venture to invest in. Or, you may have an existing business that has hung on so far but faces serious challenges. In an ordinary year, according to the U.S. Bureau of...
According to Harvard Business School, 30% to 40% of business startups fail. That means the company liquidates all of its assets and the investors lost much or all of their investment. If you measure failure by whether the company reached its projected return on...
As your business works to get through these hard times, you may wonder if you have structured your company in the most advantageous way. The question requires attention to the same issues you originally considered: your management style, your taxation preferences, and...
The series LLC is a relatively new concept of business ownership and not well understood. However, individuals who own and operate several businesses or who have many diverse investments may benefit from the protections a series LLC affords. Entrepreneurs and business...
Finding the right structure is crucial when building your business. It factors into every facet of operation, from regulation to taxation. Depending on your business’s size and needs, you may want to consider forming a limited liability company (LLC). We recently...
As you form your new business, you want to create a business entity that enables you to thrive. You want your company to save as much as possible on taxes while letting you grow successfully. One type of structure that you can consider is an S-corporation, or S-corp....