Whether you’re new to small business or have been around for a while, you have probably heard that Delaware is the most business-friendly state to start a business. There are several major factors that lead companies to set up headquarters in the Diamond State. Small businesses and large corporations both benefit from Delaware’s progressive corporate … Continue reading “Why Do Companies Incorporate in Delaware? Top 5 Reasons and Startup Resources”
Read MoreThe vending machine business can be profitable in a fairly short period with the right plan and products. In the US alone, vending machines brought in over $36 billion in 2020 and are expected to hit over $146 billion a year by 2027. Hospitals, schools, office buildings, and shopping malls are just a few popular … Continue reading “Start a Vending Machine Business: Expert Advice and Action Steps”
Read MoreThinking about opening a coffee shop? Turn your coffee bean dreams and passion for business into a lively venture to serve your community. MyCompanyWorks has formed LLCs and Corporations online for small businesses since 2001. Tap into expert advice and tips to open your coffee bar quickly. If you decide that this business model is … Continue reading “Opening a Coffee Shop is Easy with our 10 Step Guide”
Read MoreBefore we dive into how to start a ghost kitchen, we’re going to cover a brief introduction to the concept. Many major chain restaurants have already hopped on the bandwagon, and new independent eateries are showing up across the US. Some experts report that in 2019 the delivery-only concept had raked in $43.1 billion. Those … Continue reading “How to Start a Ghost Kitchen: Tips, Tools, and Resources”
Read MoreStart a Florida LLC today with information from our latest article and tips to form your company. Introduction: What is an LLC? An LLC is the abbreviation for the term “Limited Liability Company.” LLCs are a type of business entity that can provide protection for personal assets. LLCs are formed by filing articles of organization … Continue reading “How to Start a Florida LLC: A Quick Guide”
Read MoreTips on starting a franchise are invaluable if you’re thinking about diving into the franchise world. Owning a franchise can be both profitable and rewarding if you go about it the right way. The process doesn’t have to be difficult, but it does take time and planning if you want to create success. If you’re … Continue reading “Tips on Starting a Franchise and Keeping it Going”
Read MoreAn S corporation is a closely held corporation that generally doesn’t pay income taxes. Instead, the corporation passes all corporate income, deductions, losses, and even credit straight to their shareholders for tax purposes. While an LLC and an S Corporation are different, LLC members can typically elect to be taxed as an S corporation to … Continue reading “How to Start an S-Corporation”
Read MoreNOTE: This article is not considered legal advice, just our interpretation. As always, we recommend you contact an attorney if you are unclear on any new law. California Assembly Bill 5 (AB5), also known as the “Gig Worker” bill, was passed in 2019 under the guise it would promote labor unions and provide benefits to … Continue reading “How to Make Sense of AB5 (And Possibly Get Around It)”
Read MoreAfter you create a legal entity by either incorporating (C or S corporations) or forming an LLC, it’s important to know what to do next. Some states have extra requirements after you’ve completed all of the paperwork for your legal entity to become activated, and depending on the type of legal entity you chose you’ll … Continue reading “What to Do After Incorporating or Forming an LLC”
Read MoreYou don’t need to be a United States citizen to sell on Amazon, but once you sell 50 or more items on the marketplace, you’ll need to have a proper tax id. However, if you’re selling through Amazon’s FBA (Fulfillment By Amazon) program then you’ll need to form a company in the United States before … Continue reading “How to Sell on Amazon as a Non-US Citizen”
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