So you say you want to start a business? Great. Now it’s time to begin planning. One of the most important decisions you will need to make is what type…
Partnerships and limited liability corporations both have their advantages and disadvantages. We discuss the most important things to think about when choosing between a partnership vs LLC. Starting your own…
An electronic transfer is one of the best options for sending and receiving money for small business and personal use. It tends to be a safer option than sending funds by mail…
When starting a business, choosing which business structure is right for you can be overwhelming. The five core legal businesses structures are sole proprietorships, LLCs, partnerships, corporations. For some, the…
Starting a small business can be one of the most fulfilling ways to provide for yourself. But whether you’re taking the leap by moving from a side hustle into a full-time…
When it comes to choosing a business structure, we often hear LLC and S Corp in the same conversation. However, it’s not an either-or choice. An LLC, or Limited Liability…
Notice: The Paycheck Protection Program (PPP) ended on May 31, 2021. Existing borrowers may be eligible for PPP loan forgiveness. If you’re an American small business owner, chances are you’re aware…
Gross profit margins are not exactly stimulating dinner party conversation. But when it comes to managing the finances of your business, having a clear understanding of your gross profit margin…
Does your life depend on the fruity and floral aromas of an Ethiopian roast wafting through your kitchen during your 6 am wake up call (and 2 pm pick-me-up)? Is…
When you think “food truck,” what comes to mind? Is it the image of a 14-foot tall tin box at the local state fair, serving up greasy burgers and fried…
*We are committed to deepening our understanding about the systemic anti-Black racism in the banking industry in which we work. However, instead of simply reflecting on history, we are compelled…
After all the hard work of registering your business structure, setting up business bank accounts, growing your team, and refining your product and ideas, your business has come into focus….
In this article we give the DBA meaning but as you become familiar with the life of a small business owner, you will run into some jargon along the way…
You can’t have the fun parts of running a financially successful small business without the nitty-gritty of financial management too. A profit and loss statement (P&L) is an important reporting…
When you pour your heart and soul into your small business, you want to see a reward for your hard work. Yes, the satisfaction and support of your customers are…
