How Is an LLC Taxed?
99.9% of American businesses are small ones, and they’re responsible for 32.6% of exports. The country is reliant on these small businesses, which makes entrepreneurship an attractive and potentially lucrative route. Many aspiring business owners often wonder how is an LLC taxed. But as with any type of business, you have to worry about taxes […]
What States Have No Income Tax?
On average, Americans pay over $16,600 in federal income taxes. This might seem like a lot, but those in the most common tax bracket actually pay just over $4,500, which should come as a slight relief. However, you must pay state income taxes on top of federal ones, and this can add financial pressure. But […]
Do You Need an LLC to Sell on Shopify?
In 2022, Shopify’s gross merchandise volume was $197.2 billion, and it’s generated over $812 billion in sales since its inception in 2006. Furthermore, Shopify accounts for 10% of the global e-commerce platform market, so it has a solid standing. For anyone who’s considering running an online shop, Shopify is sure to be a top choice. […]
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 […]
How to Start a Cleaning Business
Check any list of how often you need to clean your household items, and you’d be surprised. If you don’t keep up, then in addition to an unsightly mess, you’ll also be living with harmful levels of bacteria. The average person may be too busy and/or tired to clean, so if you’re looking to start […]
Foreign Qualification: Can My LLC Operate In Another State?
On average, small businesses in the US generate between $1 million and $41.5 million in annual revenue; the amount you make in particular will depend on which industry you’re in and how wisely you’ve set up your business operations. Regardless, it’s almost always a good idea to expand your horizons. With a wider potential audience, […]
