If you’re thinking of forming a Limited Liability Company (LLC), one consideration is how forming the LLC will change your tax status as a business and as a business owner. Here’s the deal: Default Rule is that LLCs are Taxed as a Sole Proprietorship or a Partnership If you don’t do anything to change it, […]
There are many “experts” out there writing about how forming a LLC is an important step in having a real business. But what is a LLC, really, and what does it do for you? While some one-person businesses are better off as sole proprietorships, forming a Limited Liability Company, or LLC, is one tool you […]
This blog post was supposed to be “127 Things I’ve Learned from 10 Years in Business,” to have been published on April 1, 2014 (my Ten Year Anniversary of starting a business). It would have been all comprehensive and meaningful and buzzfeedviralesqueish. But … it didn’t happen. The Comprehensive Summary of 10 Years of My […]
It’s not fun or sexy, but here’s an easy little form you need to file each year to keep the government happy, and your company in existence.
Protecting yourself isn’t just about forming LLCs and drafting contracts. Here’s a quick DIY tip for you to lower your risk of something going wonky with your website (or at least make the wonky easier to handle).
Do you use stock photos on your website, blog, or Facebook page? Here’s a quick tip you can do in 5 minutes or less to protect yourself from a cease & desist letter (aka some accusing you of copyright infringement).
You’ve read the blog posts about how you need to form a business entity to protect you from personal liability for your business. So, you decide to form a Limited Liability Company (LLC)—in your home state or in a state like Delaware or Nevada—because those seem simpler than all the requirements of having a corporation, […]
It’s so tempting to just do a quick Google search to find some template contracts to use for your next virtual assistant, coaching client, consultant, or joint venture. But there are probably a few (bunch of) things missing from that free template. In this video I review some real free templates I found via Google […]
So many of us small, online businesses need help. Virtual assistants, project managers, graphic designers, event coordinators, bookkeepers, videographers … all kinds of professionals we bring in to provide expertise or just another body to help us grow and get more done. For years now, the fashionable thing has been to hire these workers as […]
The first question I get from my one-person business owner clients is usually about business entity. Can they keep running their business as a sole proprietorship, or do they need to form an LLC or S-Corporation? So here’s an infographic I just created (using Piktochart), if you’re thinking about staying a sole proprietor, to give […]