When starting a new business, there are countless things to plan and execute—but one of the most critical decisions you’ll make is choosing your business’s legal structure. This decision affects how your business operates, how you’re taxed, and even your personal liability. Whether you’re setting up a cozy neighborhood eatery or an online consultancy, understanding … Continue reading “Legal Guidance for Entrepreneurs: Understanding Your Business’s Legal Structure”
Read MoreSide hustles are great ways to earn extra money, build up your career skills, and give back to your community. In fact, 44 percent of Americans say side hustles have helped them pay down debt and 43 percent say they’ve helped them pay for everyday expenses and bills. But side hustles can do much more … Continue reading “Make Money on the Side: The 7 Best Side Hustles for 2023”
Read MoreYou’ve started your business and are ready to take the plunge into entrepreneurship. Congratulations! There is no better feeling than pursuing your passion and creating something out of nothing. But before you dive head-first into your business, it’s worth considering forming an LLC for the benefits it can bring. If you’re not familiar with the … Continue reading “The Benefits Of Forming an LLC: Why It’s A Smart Move For Your Business”
Read MoreFounder Matt Knee has a conversation with Danish Soomro of visadb.io to answer questions about forming a Wyoming Limited Liability Company (LLC) for remote businesses. Get answers to the most commonly asked questions about forming a US company, forming an LLC in Wyoming, and more. Watch the webinar on YouTube.
Read MoreWhether 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 “5 Steps to Start a Vending Machine Business: Expert Advice and Startup Help”
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 MoreRead our introduction to starting a Virginia LLC and order your VA LLC package online today. Introduction: What is an LLC (Limited Liability Company)? The LLC – short for Limited Liability Company is a business entity that provides both pass-through taxation as well as limited liability protection for personal assets to the owner(s). The organization … Continue reading “How to Form a Virginia LLC: Benefits, Drawbacks, and Startup”
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 MoreGiving your LLC a name that is both unique and fairly represents your business is essential to distinguish yourself from other companies. There are a number of different requirements for LLC names, but they generally all include the letters L.L.C. or LLC behind the company’s name. A list of generally accepted identifying phrases and abbreviations … Continue reading “How to Give Your LLC a Name”
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