Two of the most enticing things about an LLC is that it prevents business owners from being personally liable for things related to the business, and it provides pass-through tax status. It also has fewer formalities and requires less legal documentation. If filing as...
Your business needs change over time. When it comes to your business structure, the ideal thing is to pick the right one from your first day in business, but you might have decided to keep things simple at the beginning. It’s often hard to anticipate your business...
First, let’s clear up the differences between angels and venture capitalists (VCs). The two main distinctions are: Angels invest their own money; VCs invest other people’s money. Angel investment is more likely to be in the hundreds of thousands, while VC investments...
Leveraging Products, Sales Process, and Social Media Okay, everyone’s talking about the importance of scalability with your business, but what does that really mean for you? The short answer is that you want your business to be able to turn a profit without you having...
According to Forbes, 8 out of every 10 businesses fail within the first 18 months. The main reasons start-ups don’t succeed are: 1) Simply not having enough cash, and 2) Not having a profitable business model with proven revenue streams Whether you’re a first...
