Remove Bankruptcy Remove CPA Remove Entrepreneur
article thumbnail

The Startup Guide to Affordable Accountancy

The Startup Magazine

With staggering statistics like these, it’s clear that startups need to come up with affordable ways to handle their accounting services needs in order to avoid bankruptcy. While hiring a CPA may be quite costly for a startup that is yet to establish a footing in the business world, it does have its own benefits. Hire a Bookkeeper.

CPA 71
article thumbnail

Master of Customer Acquisition, Matt Coffin, On Startups …

Both Sides of the Table

I recently sat down with Matt Coffin , the founder of LowerMyBills, which sold for $400 million but was very nearly a bankruptcy only a few years early, and talked “startups.&#. I figured if Matt was on the verge of bankruptcy and one mentor changed his trajectory, what if we had a formalized, community-wide program?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Tips On Starting A Business Without Sabotaging Your Personal Finances

YoungUpstarts

by Tim Steffen , CPA/PFS, CFP ® , CPWA ® , Director of Financial Planning for Baird. Among a growing number of Millennials, there is a real desire to become an entrepreneur, and a belief that starting a business can be a way to attain both independence and wealth. 1 Most entrepreneurs pour some of their own money into a new business.

Finance 100
article thumbnail

Why Is Profit Viewed As a Bad Thing?

Duct Tape Marketing

My guest on this week’s episode of the Duct Tape Marketing Podcast is Mike Michalowicz, author of The Toilet Paper Entrepreneur, The Pumpkin Plan and Profit First: A Simple System to Transform Any Business from a Cash-Eating Monster to a Money-Making Machine.

CPA 62
article thumbnail

Raising Startup Capital Through Convertible Debt Financing

Business Plan Blog

Since investment in a startup is risky and most people are reluctant to contribute funds, startup entrepreneurs can use different ways to make funding from FFF look less risky. maturity date is reached and the startup is unable to secure a round of financing, note holders can force the startup into bankruptcy. About The Author.

Finance 93
article thumbnail

IRS Audits: 10 Common Myths Debunked

Up and Running

The IRS can garnish wages and place liens on a property, and in the end, some taxpayers even find themselves facing bankruptcy. See Also: 5 Tax Preparation Tips Every Entrepreneur Should Know. Yes, there are significant repercussions to owing taxes you can’t pay. Good to know: 6 more misconceptions about audits.

article thumbnail

Episode 50: Video Content and Profitability with Seth David

Mike Michalowicz

CPA’s. An accounting firm based in Santa Monica, CA, specializing in bankruptcy, from 2001 to 2003. Seth’s role there was to perform audits; prepare tax returns for Corporations, S-Corps, LLC’s, Partnerships; and bankruptcy compilation work for SEC reporting and litigation. Show Links. www.schoolofbookkeeping.com.

Video 60