Business Structure Archives

Entrepreneurs vs. Solo Entrepreneurs: What Are Your Financing Options?

Working Americans choose to start their own business for any number of reasons. There’s increased flexibility and independence, as well as more ambitious goals, like fulfilling a lifelong vision or dream. According to the U.S....

byMeredith Turits

March 26, 2023

Non-Seasonal Startups: Year-Round Lucrative Industries for Entrepreneurs

For entrepreneurs looking to start a company, the industry and business you choose can be the difference between walking away with nothing or reaching the pinnacle of success. Only 30 percent of small businesses make...

byMeredith Wood

September 15, 2022

This Entrepreneur Shares Key Takeaways from Launching Her Direct-to-Consumer E-Commerce Brand

As a child, I watched my mother’s generation attempt direct-to-consumer business in a, shall we say, clunky fashion. They held Tupperware parties and loaded up the car with Avon deliveries. Before I knew what direct-to-consumer...

byBrandine Strand

May 11, 2022

Stop Doing These 4 Things if You Want Your Business to Last

We’ve all seen the statistics on how many businesses fail within the first few years of operation, and the current pandemic may accelerate that struggle for some startups. After fielding literally thousands of questions from...

byGerri Detweiler

February 4, 2022

5 Important Tips For First-Time Franchise Buyers

Many people have the goal of owning their own business. To expedite this process, becoming a franchisee of an established brand may be an attractive option, as entrepreneurs can build off a proven formula for...

bySam Willis

November 24, 2021

Forming a Partnership? Check Out These 4 Partnership Structures

Did you know there are several partnership structures you can choose from when forming a partnership Partnerships are a popular business structure to form if you plan to go into business with another person. You...

byMyCorporation

August 10, 2021

How Startups Can Achieve B Corp Status (and Why it’s Important)

The idea of starting and running a business for any reason other than profit may seem counterintuitive to some. But a growing number of businesses around the world are turning that idea on its head,...

byJames Chin Moody

April 22, 2021

How President Biden’s Tax Reform Could Impact Your Small Business

Information about tax changes the Biden administration is considering have recently leaked, creating some big headlines in media. “First major tax hike since 1993,” according to Bloomberg. As a fractional CFO, my first reaction to any...

byLJ Suzuki

March 28, 2021

How to Form an LLC in Michigan

Starting a business is an exciting journey. For many entrepreneurs, starting a business is their chance to take their product to market, to become part of their local communities and to start making income from...

byJames Gilmer

March 2, 2021

LLC or Corporation: Which Entity is Best For My Business?

Two of the most popular entity formations for business incorporation are limited liability companies (LLCs) and corporations. Both entities provide startup owners with certain benefits, and one of the biggest benefits is limited liability. This...

byDeborah Sweeney

January 19, 2021

Why a Certified B Corporation is the Secret to a Sustainable Business

In 2019, the Business Roundtable issued an open letter called “Statement on the Purpose of a Corporation,” in which 181 CEOs signed the letter, stating that they pledged to lead their companies to the benefit...

byMyCorporation

July 20, 2020

Dodge These 5 Common Tax Mistakes Entrepreneurs Make

Starting and running a business requires precise attention to detail—especially when it comes time to file your business taxes. Whether you head a startup with a few employees or you’re an independent contractor, taxes are...

byEric Goldschein

March 10, 2020

5 Reasons Why You Should Form an LLC for Your New Business

Many entrepreneurs initially start a business as a sole proprietorship instead of a limited liability company (LLC). Why do they pick this entity? Forming a sole proprietorship allows entrepreneurs to exercise total control of the...

byMyCorporation

December 23, 2019

Which Legal Entities are Best for Main Street Businesses?

As local storefronts prepare for Small Business Saturday tomorrow, entrepreneurs with an unincorporated business may be considering forming a legal entity. We’re in favor of this decision, especially since incorporated businesses are able to establish...

byMyCorporation

November 29, 2019

Ready to Become an Entrepreneur? Ask These 5 Questions First

Entrepreneurship, to an outsider looking in, may appear exciting and glamorous. Business owners get to set their own schedules, work at their own pace and follow their dreams. It’s so appealing that many envious individuals...

byMyCorporation

October 16, 2019

How to Start and Fund a Coffee Shop

Coffee shops are a hot commodity, with a market value estimated at over $45 billion. America runs on caffeine, which all but ensures a demand for the product. Not only that, but a coffee shop...

byChris Motola

September 29, 2019

Which Entity Should You Incorporate Your E-Commerce Business As?

You’ve drafted a detailed business plan, identified your unique selling proposition (USP), and defined your business model. It’s almost time to launch your e-commerce business! Before you open your virtual doors and begin taking orders,...

byMyCorporation

September 16, 2019

What Do Freelancers Need to Know About Incorporating?

In 2018, a survey from Upwork in partnership with the Freelancers Union revealed the state of freelancing in the United States. Given the continual rise of freelance work, it wasn’t completely shocking to see that...

byMyCorporation

April 23, 2019

Navigating Your First Year of Filing Taxes as an Entrepreneur

If you’re planning to start up a new business this year, you’ll experience tax time as a business owner soon enough. The following tips will help you prepare well in advance. And if you started...

byBruce Hakutizwi

April 3, 2019

Ready to Choose Your Business Structure? Entity Formations and Which One is Right for You

Incorporating is generally one of the best things a business can do to set itself up for success. However, entrepreneurs new to the process might feel overwhelmed by the options when it comes to business...

byMyCorporation

February 20, 2019