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13 Critical Small Business Legal Requirements to Start a Business

Up and Running

Small Business Administration , an organization is considered to be a small business if their: Firm revenue ranges from $1 million to $40 million Number of employees is between 100 and 1,500. However, the five general types of business taxes are income, estimated, employment, excise, and self-employment.

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5 Free Platforms Entrepreneurs Should Be Using To Manage And Streamline Their Business

YoungUpstarts

There are many helpful resources for budding entrepreneurs and small business owners and my first recommendation is to start with the U.S. Small Business Administration , it’s a helpful website that can guide you through the ins and outs of establishing your business.

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4 Reasons Small Businesses Fail

YoungUpstarts

There are four main reasons small businesses seek financing : startup costs, inventory purchases, business expansion, or business fortification. Fortunately, in 2015, loans to small businesses are expected to increase; great news for small businesses searching for capital. Evolution.

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You’ve Got Funding: 5 Things to Do With the Money Right Away

Up and Running

Take a moment and step back to review the business plan that you worked so hard on. The details within those pages will remind you of the spending strategy you outlined to get your business off the ground. Pricey business trips and lunches. Are these essential to your business? Fancy office space and furniture.

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8 Steps to Starting Your Own Business

Up and Running

If you’re selling enterprise software, this may require a significantly larger investment than a coffee shop. If you will be seeking outside financing, a business plan is a necessity. Depending on the size and goals of your venture, you may need to seek financing from an “angel” investor or from a venture capital firm.

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The Latest Questions Small Businesses Are Asking

Up and Running

Are there enough customers willing to buy your products, often enough, at a profitable price that your business can pay all expenses and provide a decent living wage to owners? If not, the business idea is not feasible. As a licensed professional, a CPA has to adhere to a code of professional ethics. Often this is not true.

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How to Form a Corporation

Up and Running

It’s common to feel a bit lost or overwhelmed at this stage, but with this guide, you’ll gain confidence in your ability to create your new business entity and get back to the work you love. We’ll review some new language and concepts in this process, but once you’re done, you may never need to think about this stuff again. .