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
In 2020, a study showed that out of the 4 million partnership tax returns filed, limited liability companies (LLCs) made up 70.6% of them. Clearly, this business structure type offers significant advantages, seeing as how popular it is. If you’re
You’ve got a great business idea, and you’d love to bring it to life. Being your own boss would be an amazing perk too. However, you’re only one person with limited capabilities. To prevent yourself from burning out, you’ll need
A few years back, you embraced entrepreneurship and joined the ranks of over 33 million American small business owners. At the time, you decided that a sole proprietorship would be best for your needs, and didn’t think anything else of
