Hasn’t everyone seen a blockbuster movie or saw a TV interview highlighting an ultra-rich entrepreneur who along with their super smart college friends, came up with a radical and cool new idea. They took that idea and they built a multimillion (or billion) dollar company...
Just a little tax humor leading up to the start of Tax Season! Have CPA will travel!...
The Lean Startup written by Eric Ries, takes its name from the lean manufacturing revolution that Tiaiichi Onhno and Shigeo Shingo are credited with developing at Toyota. Lean thinking is radically altering the way supply chains and production systems are run. Among its tenants are...
Accelerate deductions and defer income. Deferring tax is a cornerstone of tax planning. Generally, this means accelerating deductions into the current year and deferring income into next year. There are plenty of income items and expenses you may be able to control. Consider deferring bonuses,...
Partnerships and Agreements Each state (with the exception of Louisiana) has its own laws governing partnerships which are contained in what is normally called “The Uniform Partnership Act” or the “Revised Uniform Partnership Act”. These statues spell out the rules that apply to partnerships in...
Operating Agreements According to the US Small Business Administration, an operating agreement is one of the most important documents used by a business because if structures the business’ financial and functional decision. The purpose of the document is to govern the internal operations of the...
Organizational Forms - Creation and Considerations- Which one should I choose??? According to the Missouri Small Business and Technology Development Center (published on the website KCSourcelink.com), they have produced a list of advantages and disadvantages of each form of business organization. Sole Proprietorship A sole proprietor is a...
Running any business is inherently risky and that goes for any type of business whether it is a kid’s yard mowing business or a Fortune 500 corporation. Each business has its own level of risk and the types of risk can be categorized into...
A Commercial Lease Agreement will cover almost all commercial property types, including: • Office space - This space encompasses accounting firms, legal offices, and other types of professional trades. • Retail and Restaurant -This space covers fast-food restaurants, specialty eateries, clothing stores, chain stores, and brick-and-mortar versions of online...
My good friend Mitch has written an excellent article about the difference from a SBA Disaster Loan verse a Traditional Loan. "There are two distinct lending arms or agencies of the U. S. Small Business Administration (SBA); the disaster arm and the traditional or...
