In 2020, 2.8 million single-member LLC returns were filed, which is a huge increase from just 126,000 in 2001. Considering that they make up almost 10% of the total non-farm sole proprietorship returns, it stands to reason that operating an
When someone has an outstanding business idea, they usually want to try to carry it out on their own. Not only is it more satisfying to achieve, but it also protects their proprietary and intellectual properties too. However, there may
Striking it out on your own can be an exciting new chapter of life, especially if you get to pursue dreams you’ve pushed to the side for years. When weighing up your business structure options, a limited liability company (LLC)
Today, out of millions of small businesses in the US, 43% of them are limited liability companies (LLCs). There’s a reason why almost half of small business owners choose this structure: the company’s debts and liabilities are separate from the
In today’s economy, 56% of Americans are concerned about job security. However, that doesn’t necessarily mean that a contract equals higher satisfaction and contentment. For many, quitting a traditional job and freelancing can mean more peace of mind, especially since
The beauty of having a small business is that anyone can do it, as long as they’ve got the determination and financial means. And thanks to this entrepreneurial spirit, 32.6% of the nation’s known export value comes from these small
