article thumbnail

The Pitfalls Of State And Local Taxation For Startup Companies

YoungUpstarts

The sale of software isn’t subject to sales tax.”. Our product is delivered electronically; sales tax doesn’t apply to us.”. “We We only have work-from-home employees outside of our home state; we aren’t subject to tax in other states.”. an income tax or a sales tax collection responsibility) on that company.

article thumbnail

What Small Businesses Need to Know About Nexus and Sales Tax Rules

Up and Running

States lacked the authority to impose a sales tax collection obligation on out-of-state businesses with no physical presence in the state. But that changed on June 21, 2018, when the Supreme Court of the United States overruled the physical presence rule in its ruling on South Dakota v. Wayfair, Inc.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Making Your Business Sellable

Duct Tape Marketing

After growing BCS from a single client to 14 locations and over 100 employees, she successfully exited that business in 2018 with a 8 figure sale. In 2016 she was awarded the South Dakota Woman Owned Business of the Year. Prior to her PE experience she founded and grew Behavior Care Specialists (BCS) in 2006.

article thumbnail

The Venture Capital Secret: 3 Out of 4 Start-Ups Fail

online.wsj.com

At its peak, in 2010, Goodmail had roughly 40 employees. Both studies counted only incorporated companies with employees. Businesses For Sale |. South Carolina. South Dakota. South America. Businesses For Sale |. South Carolina. South Dakota. Businesses For Sale |.

article thumbnail

Why Radical Humility is Key to Success

Duct Tape Marketing

Key Takeaways: The Hero Factor—a leadership philosophy emphasizing the prioritization of values, employee well-being, and community impact. Humility, a key trait of hero leaders, is stressed as crucial in fostering a servant mentality towards employees and customers, ultimately shaping successful and impactful businesses.