S Corp vs Sole Proprietorship: What’s The Difference?

86.5% of nonemployer firms in the US are sole proprietorships, and 13.3% of small employer firms use this business structure. On the other hand, the numbers for S-corporations are 4.6% and 52.4% respectively. Based on these numbers, nonemployer firms favor sole proprietorships and small employer firms favor S-corporations. But what does that mean for you […]

S Corp vs LLC Tax Benefits: All You Need To Know

In 2023, a survey found that 37% of small businesses and gig workers surveyed had anxiety and confusion about how to file taxes. Your own income taxes can already be confusing enough, and when you add business ones, it can be terribly complicated. One way to prevent this from happening is to understand what your […]

Elon Musk Cuts Ties With Delaware

If you’ve ever been interested in starting a business, then you might be aware that Delaware is the place to do it. Almost 70% of Fortune 500 businesses are incorporated in the state, and that’s no coincidence either. Delaware has business-friendly laws, favorable tax laws for corporations, and flexibility in corporate structures. Plus, the state […]

How to Start a Permanent Jewelry Business

In 2023, the interest in permanent jewelry grew 124%, with over 55k searches per month. Needless to say, people are going wild for it, so if you were looking for a business opportunity, then this is it. What is permanent jewelry? It’s a piece that’s welded together and doesn’t use clasps, so it’s a commitment […]

12 Essential Tips for Small Business Branding

Did you know that branding consistency can increase revenue by 20%? You also only have seven seconds to make a first impression, so you need to make sure it’s a good one. Any person hoping to run a successful business has to put some time and effort into branding. Otherwise, even if you have a […]

What You Need to Know About LLC Ownership Percentage

In 2021, American entrepreneurs broke the record with 5.4 million new business applications. And in 2022, 5.1 million were filed, meaning entrepreneurship is going as strong as ever. Understanding LLC ownership percentage is crucial in many of these new businesses. If you’ve got a great business plan floating about in your head, then you might […]