by Deborah Sweeney | Featured Contributor Money is the lifeblood of business. It doesn’t matter how passionate you are or how good your idea is, if you don’t have any money, your business is dead in the water. Now, I understand that talking candidly about money can be considered a bit taboo. Income and budgets […]
Author: Deborah Sweeney
How to Expand Your Business Into Another City by @deborahsweeney
by Deborah Sweeney | Featured Contributor Expansion into a new city is simultaneously exciting and trying for any small business owner. You’ll naturally be excited to try your hand at a different market and grow your business, but expanding requires a heavy investment of both time and money with no guarantee that your business will […]
How to Give Your Start-Up a Head Start in 2014 by @DeborahSweeney
by Deborah Sweeney, CEO of MyCorporation.com | Featured Contributor Most people tend to feel a bit lethargic around December. The year is drawing to a close, and holiday plans take us away from the worries of business. The owners of start-ups often approach the end of the year as the end of the first chapter […]
How to Choose a Business Partner by @DeborahSweeney
by: Deborah Sweeney, CEO of MyCorporation.com | Featured Contributor A business partnership is a very unique sort of relationship. Not only do business partners have to work through the usual disagreements and disputes that all people in relationships go through, but they have to do so while running a new company. Their livelihoods are tied […]
What to Put Into Your Corporate Maintenance Plan by @DeborahSweeney
by Deborah Sweeney, CEO of MyCorporation.com | Featured Contributor A few months ago I wrote an article for SheOwnsIt on keeping your business in compliance, which had some broad advice on how to ensure your business stays in good standing with the state. At the end I briefly touched on respecting corporate formalities, but I […]
What to Do Next When Your 5-Year Business Plan Comes to a Close by @DeborahSweeney
by Deborah Sweeney, CEO of MyCorporation.com Writing a 5-year plan is usually the very first step in the occasionally stressful but always rewarding road of business ownership. One of the biggest problems with most 5-year plans is that you are sort of flying by the seat of your pants when you write it out. Until […]
How to Keep Your Business Compliant by @DeborahSweeney
by Deborah Sweeney, CEO of MyCorporation.com I cannot begin to stress how important it is to make sure your business stays compliant with the state. Small business owners have a tendency to procrastinate when it comes to filing important paperwork and paying state fees, but if your business falls out of good standing with the […]
Should I Incorporate or Form an LLC in Another State? by @DeborahSweeney
New business owners often ask me that question and, unfortunately, it cannot be answered with a simple yes or no. It begins when business owners hear about lower taxes and fees in other states and start to wonder if they can take advantage of that business-friendly atmosphere, even though they don’t technically do business in that state. Forming an LLC or incorporating turns a business into its own legal entity, separate from you, and it can be formed anywhere within the United States. But it isn’t simply a matter of paying Nevada to incorporate within their state, and then continuing to do business in California while only paying Nevada taxes and fees. Before you decide to form a business entity in another state, consider the following three points.
Why Are LLCs So Popular? by @DeborahSweeney
By: Deborah Sweeney, CEO of MyCorporation.com Back in 2010, Assistant Professor of Law Rodney D. Chrisman published ‘LLCs are the New King of the Hill,’ a groundbreaking study on the popularity and growth of the limited liability company, in the Fordham Journal of Corporate and Financial Law. The LLC structure is relatively novel in the […]
Order Up: The 3 Best Legal Structures for Small Restaurants by @DeborahSweeney
by Deborah Sweeney, CEO of MyCorporation.com Ready to start up a restaurant or food truck this summer? Before you begin exploring empty lots and scouring the streets for high foot traffic areas in an attempt to find the perfect location for your new eatery, independently owned and small chain restaurants must look into what type […]