The new tax law, called the “Tax Cut and Jobs Act” (TCJA), was signed into law on December 22, 2017 and is the largest overhaul of the US tax system since 1986. The bill is huge, and actually, in our opinion, makes many aspects of the tax code more complex rather than simpler. Some of the details are not entirely clear yet so we’re still learning more each day as the IRS implements various rules and decisions.

However, there is some very good news for small businesses (under a certain income and of a certain type of business activity) and any business that operates as a C-Corporation.

Continue reading “How the New 2018 Tax Law affects Small Business Owners”

Six years ago, a startup company was purchased in Ohio for $100 million, according to venture capitalist Mark Kvamme. Everyone involved in the deal was excited about it at the time – but they also acknowledged that it wasn’t likely to put a whole lot of money back into the State’s startup community. And that’s something Ohio desperately needed. Continue reading “Why Starting a Business in Ohio is a Very Good Idea – Especially Now”

Quick – what’s the first startup that comes to mind when I mention Chicago? If Groupon immediately popped into your head, you aren’t alone. The Chicago-based startup’s meteoric rise to fame (and subsequent fall from grace) has long defined Chicago’s startup scene – and the startup scene of Illinois as a whole. As you may have surmised, that’s not a good thing. Continue reading “Why Start A Business in Illinois, Anyway?”

Starting your own business can be pretty overwhelming, no matter where it’s situated. There’s so much to think about before, during, and after your organization gets on its feet. That’s why it’s so important to choose carefully when working out where you want to found your startup. Continue reading “The Main Reason You Should Start a Business in Wyoming”

If you’re looking at starting your own business, Colorado is one of the best choices. There’s a reason it’s home to over 50,000 small businesses – and that those businesses make up more than 90% of organizations in the state. Don’t just take my word for it, though.  Continue reading “Three Very Good Reasons You Should Think About Starting A Business In Colorado”

Nevada might be known as the immensely-popular tourist trap that is Las Vegas. However, from a business perspective, that’s far from the only thing the state has to offer. Home to such major enterprises as AMERCO, The Nevada Power Company, and Bally Technologies, Nevada could well be the best place you’ve ever lived and worked. Continue reading “Three Signs You Should Start A Business In Nevada”

It’s one of the world’s leading hubs of finance and investment. It’s a destination for countless business people and entrepreneurs. It’s home to more Fortune 500 companies than any other state, and has some of the best telecom infrastructure in the country. Continue reading “Starting A Business In New York State? Make Sure You Address This Major Challenge First”

If you’re thinking of becoming an entrepreneur, you could do a whole lot worse than Michigan. In a lot of ways, Detroit has the potential to become the next Silicon Valley. And anyone with the wherewithal to tap into that may well change the world. Continue reading “The Three Best Industries For Starting A Business In Michigan”

With the highest urban population in the United States and the densest system of highways and railroads, New Jersey is pretty much the promised land for any startup that requires an urban focus. It’s got a strong healthcare and manufacturing sector, and its transportation and technology industries are both booming. Continue reading “Overcoming The Biggest Challenge To Starting A Business In New Jersey”

Named for Elizabeth I – England’s “Virgin Queen” – Virginia is one of the oldest states in the United States, and one of the first to join the burgeoning country back in its infancy. It’s the birthplace of many of America’s presidents, the home of most of the nation’s Tobacco industry, and one of the best places in the country to start a business. Here are just a few reasons why. Continue reading “Five Great Reasons To Start a Business in Virginia”