A business had been in start-up phase for about 3 months and the business owner had great ideas and high hopes. Then he ran into cash flow problems. The URL to the website provides an error message. His primary means of selling product is no longer functional. I keep wondering what happened to the confident [...]

In my local paper today there was an article about a night club owner who is being sued by the neighboring businesses. As I was reading, I couldn’t help but lecture the business owner for not doing his research or more of it before spending ALL that money, $1million to be exact, and opening his [...]

Owning a small business can come with a lot of decisions, even before you make the first sale. One of the most common decisions is whether to form a Corporation or to operate as a Sole Proprietorship or Limited Liability Company (LLC). A corporation might sound like a good idea to a small business owner [...]

A sole proprietorship is one of the easier and most common forms to start a business. The only requirement of a sole proprietorship is registration as a business if any name other than the owners name is used for the business. The sole proprietorship is an extension of the business owner, not separate from it. Although [...]

Good credit is an important aspect in both your personal life and in your business. Many people often assume that they are one in the same, but they are not.  There are different factors considered when it comes to figuring out your business versus your personal credit score. The organizations that report and monitor personal credit are [...]

There are three main sources to obtain funding when starting a new business. If you don’t quality for a bank loan, the two other most popular ways to obtain capital, i.e., funds, are through Angel Investors and Venture Capitalists (VCs). These two funding options are similar yet different. An entrepreneur who appreciates these differences will [...]

There are many businesses out there that need start-up funds for their new business. Often times, the business may be too young or may not qualify for loans from a financial institution and therefore need to seek capital elsewhere. This is what an Angel Investor does. An Angel Investor is an individual that provides any [...]

The beauty of entrepreneurship is that it is available to anyone. Many new business owners start their business without any legal entity structure, such as a Limited Liability Company, S-Corporation or Corporation. While an entity structure is not necessary to operate your business, it does protect you and your family. Some of the benefits of [...]

The entity structure known as a Limited Liability Company (LLC) offers a lot of flexibility for small businesses. There are four options for an LLC, 1) to be treated as a partnership, 2) as an S-Corporation, 3) as a Corporation or 4) as a single member LLC. While all offer limited liability protection for the [...]