What is Double Taxation for C-Corps? The Exciting Secrets of Pass-Through Entities
When you hear about C-corporations (C-corps), you’ll almost always hear the words ‘double taxation’ in the same sentence – often punctuated with a shudder. But what exactly is double taxation, and why does it elicit such a negative response? Double taxation occurs when a C-corp generates a profit for the year AND distributes that profit […]
Delaying Incorporation Filing Can Be Good for Your Small Business
Napster co-founder Jordan Ritter shares what he learned during his time at Napster and how it taught him the importance of hiring for culture first.
Using ROBS to Fund Your Small Business While Keeping Your Job
There’s a better way to access your retirement funds to start or buy a business without triggering penalties. There’s even an option to use your current retirement funds as business capital without having to give your two weeks’ notice.
9 Business Licenses for Specialty Industries
9 Common Business Licenses Employer Identification Number (EIN) Doing Business As Name (DBA) General Business Operation License Seller’s Permit Sales Tax License Home Occupation Permit Zoning and Property Use Permits Health Licenses and Permits Occupational License What Kinds of Business Licenses Does a Small Business Need to Operate? Some licenses, including an employer identification number […]
How to Buy a Restaurant
Over 30,000 restaurants have closed as of April 19, according to a recent Yelp report. It’s no secret that the COVID-19 pandemic has been devastating for eat-in restaurants, but what many might not realize is that one closure can also be a fresh start. If you’re an aspiring small business owner who has been seeking […]
How to Leave Your Personal Mark on a Franchise Business
The franchising industry is booming in the U.S., creating opportunity in sectors across the economy, from healthcare to food to wellness. According to the 2018 IFA Economic Impact Study, the most recent such data available, the 733,000 franchised businesses in the U.S. are directly responsible for creating 7.6 million jobs and indirectly support 13.3 million […]
Build a Better Future: Your Small Business Ownership Questions, Answered
Video Transcription Patrick: Hello, and welcome to our Build a Better Future, Your Small Business Ownership Questions Answered webinar. I appreciate you guys joining us today. So, a little bit about Guidant. Our vision is to increase the number of people who succeed in small business. We were founded in 2003. We’re still owned by […]
Essential Steps to Opening a Successful Business
Once you’ve tackled the hurdle of getting financing for your new business, things start to move quickly as you rush to open your doors. However, knowing what you need to get done before the grand opening can make things run a lot smoother. Use this checklist as a guideline for steps to opening a small […]
How to Create Your Own Job in the Era of COVID-19
If you’re one of the millions of Americans who have lost their job because of the coronavirus pandemic, you might be at a crossroads. You have options – maybe you’re already starting your job hunt or thinking of possibly retiring early. But there’s another option if you don’t want things to go back to the […]