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  • LLP vs. LLC
    When you’re starting a small business that has more than one owner, you and your partner(s) may have concerns about your personal liability risks. If this is the case, it would be wise to compare LLP vs. LLC business structures. Limited liability partnerships (LLP) and limited liability companies (LLC) combine some aspects of general […]
  • What Kinds of Liability Should Accounting Professionals Be Concerned About Right Now?
    Minimizing legal risks to your business has always been important. However, with so much uncharted territory and change within the current environment, it has become especially critical to look out for situations that could become problematic liability issues for your firm. Stephen Covey once said, “If there’s one thing that’s certain in business, it’s […]
  • Time to Declare Your Independence
    For many, the “American Dream” is all about entrepreneurship. Business ownership is a way to declare personal independence and even though the COVID-19 pandemic has dampened the economy temporarily, it hasn’t quieted America’s entrepreneurial spirit. As a matter of fact, new businesses are starting despite the economic slowdown as evidenced by the recent number […]
  • Are Your Accounting Clients Worried About a Recession? Why They Need You Now More Than Ever
    As far back as October 2019, half of Americans were already concerned a major recession was on the horizon and now that concern has become a reality, according to top economists. According to the National Bureau of Economic Research, the U.S. economy actually stopped growing in February this year, following an economic expansion that […]
  • Post-COVID Marketing Strategies for Accountants
    Clients need their accountants more than ever in our post-COVID-19 world. Whether it’s getting ready for the extended tax deadline, figuring out how to utilize government relief funds or how to start a new business in a recession, accountants need to make sure their services are in the foreground of their customers’ needs. Here […]
  • Sole Proprietorship vs. Partnership
    You have much to think about and many questions to answer when starting a business. One of the most fundamental considerations is what type of business structure is right for you. Often, brand new small businesses choose to operate as a sole proprietorship or general partnership. Would either be a good fit for you? […]
  • 4 Reasons Why a Recession Is a Good Time for Your Clients to Start a Business
    With all the uncertainty in the world right now, you might think your clients are crazy to consider starting a business in 2020, but don’t be so sure. There are numerous examples of successful businesses that started during a recession, including Microsoft and Burger King. Startup entrepreneurs are inherently bootstrappers and agile thinkers, willing […]
  • How to Change from a Sole Proprietor to an LLC
    Many determined individuals begin their entrepreneurial journey by operating their business as a sole proprietorship. It's no wonder why. As a sole proprietor, the costs to start and legal formalities to maintain a business are less than when registering as other types of business entities. However, there are drawbacks to being a sole proprietor. […]
  • How Smart Businesses are Pivoting to Find Success in the Midst of COVID-19
    Business owners are constantly moving. Whether it’s tracking new trends, operating the shop, meeting with clients, or attending networking events, you’d think there can’t be one more thing to add to their plates. And then, COVID-19 hit. As business owners ourselves, we saw a new kind of busy that was one of pivoting to […]
  • Marketing in the New Normal of COVID-19
    Things are different today due to the global coronavirus pandemic. While we may eventually get back to some version of normal, when that happens is subject to much debate. COVID-19 changed how business gets done, from suppliers and distribution to sales and marketing, the world functions in a different way. So while we all […]

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