Author: Veronica Davis

If you are planning to start a business, it won’t be very long until you have to decide on its structure. A business structure is a legal designation that describes how a company is organized, how it raises capital, its legal obligations, and how much it must pay in taxes. Choosing the proper business structure from the outset will set your business up for financial success and reduce the chance of messy legal headaches down the line. This article will explore two of the four legally-recognized business structures available to businesses in the US. Sole ProprietorshipLimited Liability Company (LLCs)PartnershipCorporation (S…

If you have some extra cash in savings, you might want to consider investing as another way of storing your wealth. But, where to start? The investing world is a vast and heavily interdependent web of many different markets. There are traditional assets like gold, silver, art, and the stock market, and then there are newer, more volatile asset classes like the (very) many cryptocurrencies available. Last but not least, there is real estate. Why Real Estate? Investing in real estate helps build equity, generate passive income through rent, allows for tax write-offs, and hedges against inflation. Another underreported benefit…

As the next big entrepreneur, you’ve got a plan in place ready to surprise the competition. You’ve been working for an extensively long time to create a structure that will bring the next monumental idea to the market. You’ve looked through every possible pitfall and are ready for a perfect day-one launch. Or so you might think. Research shows that 20 percent of first-year startups fail, with only half of them making it to their fifth year. What can be done to strengthen your startup’s chance of success and take a more careful approach? Here is a few startup tips…

Do you have a small business and are in need of a loan? This process can be complex and confusing. However, it doesn’t have to be. Acquiring the right small business loan often depends on your business and your needs. The rest is just organization and application. Let’s break down the major topics that go into getting a small business loan. Why Get a Small Business Loan Small business loans are a type of financing that you can get from different lenders, for different purposes. Starting and operating a small business requires a lot of money. A loan is a…

These are unprecedented times. The pandemic and attendant government shutdowns and slowdowns have hit the economy hard, and many of us are unemployed or underemployed. Those without emergency savings have undoubtedly relied on their credit cards to make ends meet, but that lifestyle is unsustainable in the long run. What is the next step? You may have heard that burdensome credit card debt is a common reason that people file for bankruptcy, and this is true. In fact, credit card debt is among the top three reasons people file bankruptcy, along with sudden job loss and medical bills. For the…