Tips 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 MoreBelow is an excerpt from our book Startups Made Simple: How to Start, Grow and Systemize Your Dream Business. Learn more about the book here. “Plans are useless, but planning is indispensable.” – Dwight D. Eisenhower “Give me six hours to chop down a tree, and I will spend the first four sharpening the axe.” … Continue reading “Startups Made Simple Step Two: Plan It”
Read MoreBelow is an excerpt from our book Startups Made Simple: How to Start, Grow and Systemize Your Dream Business. Learn more about the book here. “The essential principle of business—of occupation in the world—is this: figure out some way in which you get paid for playing.” – Alan Watts Imagine the perfect business for you … Continue reading “Startups Made Simple Step One: Imagine 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 MoreBelow is an excerpt from our book Startups Made Simple: How to Start, Grow and Systemize Your Dream Business. Learn more about the book here. Communication can be seen as a way for you to get results, connect with your team, and make sure everyone is one the same page and rowing in the same … Continue reading “Founder Superpower #13: Good Communication Skills”
Read MoreBy Vance Cariaga A critical step in getting your restaurant up and running is choosing its legal structure. You basically have four choices here — a sole proprietorship, a partnership, a limited liability company (LLC), and a corporation — though there are variations within each. Many restaurants start out as sole proprietorships, which means the … Continue reading “How to Choose a Business Structure for Your Restaurant”
Read MoreAn operating agreement is used by limited liability companies (LLC) to establish the operations of the business. An operating agreement for an LLC is very similar to by-laws that are used by legal corporations. Within the operating agreement is typically the terms agreed to by members of the LLC, including both day-to-day operating procedures as … Continue reading “What is an Operating Agreement & When You Need One”
Read MoreIf you’re reading this then you’re either interested in starting your business, or you’ve started one already but found that you built yourself a job, not a business. You might have read books and articles about genius entrepreneurs building multi-billion dollar businesses, going public with an IPO, and escaping off into the sunset. But that’s … Continue reading “The Top 20 Books For Starting a Small Business”
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