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Blogs: LLC and Business Formation

Business Funding Tips June 27, 2014

Messing Up a Funding Pitch

Just last week I was sitting through a pitch from an entrepreneur, and as often happens, they swung and missed at a key moment. Generally speaking, when a pitch goes awry, entrepreneurs — new and experienced — make at least one of these three common, yet avoidable, mistakes when presenting to potential funders. 1. Providing […]

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Taxes June 26, 2014

Filing Federal Income Taxes

When it’s time to file a federal income tax return for your small business, there are various ways you can do it, depending on whether you run the business as a sole proprietorship or use a legal entity such as an LLC or corporation. Before filling out any tax form to report your business income, […]

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Taxes June 25, 2014

Filing 1099s

Small business owners who pay independent contractors must prepare to file 1099s. Like W-2s for full-time employees, 1099s for freelancers who have worked for you in the previous year, must be filed with the IRS and mailed to the taxpayers by the end of January. You are generally required to submit a 1099 form for […]

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Motivational June 20, 2014

7 Tips for Entrepreneurs

The world needs new entrepreneurs. Entrepreneurs create jobs, lift the standard of living, usher new technology into society, and keep competition alive in the marketplace. Starting a business is difficult, and it’s crucial that the next generation has as much ammunition as possible. We are all relying on you to carry on the proud tradition […]

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Taxes June 19, 2014

Avoiding Hobby Classification

The IRS allows you to take a tax deduction for legitimate losses incurred in the operation of your business. However, if your business claims a net loss for too many years, or fails to meet other requirements, the IRS may classify it as a hobby, which would prevent you from claiming a loss related to […]

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