Everyone makes mistakes—even the savviest entrepreneurs. But if you know some of the most common, and biggest, mistakes that people make when starting a business, you can take steps to avoid problems that could set you back from reaching your goals. We know that launching a successful small business is hard enough, so we’ve compiled […]
When starting out as a freelancer, one of the most important decisions that you’ll need to make is what type of business entity you’ll use in order to do what you love. Put simply, this is the choice you’ll make regarding how you’ll organize your business. The entity that you choose will have a big […]
Are you ready to start a business in California? Well, we have some wonderful news for you: there’s never been a better time than right now to be your own boss! We get it, though, forming a new business is pretty daunting. But, with the right strategy, and the right professionals at your side to […]
After you’ve filed your articles of organization with the California Secretary of State, your LLC will begin its legal life. But there are still other actions that you need to take in order to make your LLC fully operational. Just when you thought the work was over, you realize that it isn’t.
Whenever you establish a business, it will receive a form of tax treatment by default. This happens automatically. However, except for sole proprietorships, business entities do have some leeway when it comes to changing their default treatment to another type. What’s the default tax treatment that you can expect for a single-member LLC (SMLLC)? The […]
When you launch your own business, one of the first things that you should do is establish its own business bank account. If you form an LLC, you should make a separate bank account in the LLC’s name. In fact, establishing its own business bank account is a necessity, as the LLC is its own […]