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Blogs: LLC and Business Formation

Taxes June 12, 2024

Common Mistakes Freelancers Make When Filing Taxes & How to Avoid Them

Freelancing offers unparalleled freedom and flexibility but also comes with unique challenges, particularly when managing taxes. Many freelancers stumble through tax season due to a lack of preparation or thorough understanding of the tax system.  This article explores some of the most common mistakes freelancers make when filing taxes and provides practical advice on preventing […]

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Finance June 11, 2024

Do All Small Business Loans Require a Personal Guarantee?

Running a business requires additional capital, so many small business owners resort to getting loans to keep their businesses afloat. However, obtaining a business loan usually comes with its own fair share of challenges, including the requirement of a personal guarantee.  Understanding Personal Guarantees A personal guarantee is a legal commitment by a business owner […]

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Taxes June 7, 2024

How Many Business Credit Cards Should I Have?

Establishing a successful business is a lot like building a house. The right tools are vital to create a strong foundation to withstand challenges. Business credit cards, like versatile tools in your entrepreneurial toolbox, offer a range of benefits. They empower you to build business credit, earn rewards, and instill a sense of control and […]

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Finance June 6, 2024

What Is a Personal Guarantee on a Business Loan?

Business loans are necessary for anyone looking to start or expand their operations. However, one significant aspect that often accompanies business loans is the requirement of a personal guarantee. Understanding how a personal guarantee works on a business loan and its associated risks may help borrowers down the line. What Is a Personal Guarantee? A […]

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Legal June 5, 2024

Form 1099 vs W-9: Differentiating the Two

The United States tax system involves various forms that serve different purposes for taxpayers and businesses. Among these, Forms 1099 and W-9 hold significant importance. These forms are often used in tandem to ensure accurate reporting and compliance with tax regulations. What Is Form 1099? Form 1099 is an information return used to report various […]

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