Tag Archives: Corporation


Why Entrepreneurs Should Plan for Failure, Not Success

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Starting three companies — two of which didn’t take off the way I envisioned — taught me that while entrepreneurs should dream big, it’s essential that we also plan for failure. More than 90 percent of startups fail. And recognizing this right off the bat will prepare you intellectually, emotionally and financially, if your venture […]

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What Tax Forms to File as a First-Time Business Owner — Small Business Tax Tip

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As a new business owner, taxes are probably the last thing on your mind. But since there’s no getting around them, here is some basic information about the forms you’ll need to file as a new business owner. In general, the form you must use to file your business taxes is determined by the type […]

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Creating a Home Office — 60 Second Business Tip

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A decision to work in your home is likely to impact both your personal life and your business. Even if you carefully separate the business areas of your home from the residential portions, the existence of the home office can create conflicts that you wouldn’t face in an office located away from your home. Is […]

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Is It Time to Incorporate Your Business? — 60 Second Business Tip

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If you’re like most small business owners, you probably started your operation as a sole proprietorship. This company structure is the simplest and least costly to set up, with less paperwork required. However, sole proprietorships are not separate legal entities from their owners. You report your share of the company’s earnings on your personal income […]

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Why You Need an EIN — Small Business Tax Tip

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If you operate a business the IRS requires you to obtain an Employee Identification Number or EIN, which is also referred to as your business tax ID number. Each EIN is unique in the same way that your Social Security number is. The number allows the IRS to identify your business and requires you to […]

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