Certainly, it’s no secret that I’m an advocate of crowdfunding. Capital is tight for most startups, and what better way to appeal for financing than to your loyal fans, customers, and followers. But as with any event where money changes hands, the IRS will be there waiting for their cut. Some tax points to […]
On May 29, 2013, I held a seminar on strategic planning at one of our coworking partner sites, The Yard. It was a great event, and many smart questions were asked from the audience. So, I thought it would be good to recap some of the main points of why strategic planning is […]
The 1031 exchange rules can be very helpful to real estate investors. So what is the 1031 exchange you ask? In it’s most simplistic nature, it allows real estate owners to tax defer the capital gains they would have incurred from selling their property, if they utilize the proceeds to acquire a like-kind replacement […]
Here are 5 practical tips to help you write a business plan that lets you stand apart from the herd.
1. Identify Your Unique Niche
While it is tough to come up with a truly unique idea for a business, you need to identify what sets you apart from the rest of the companies […]
It’s December 27th and the discussions between Congress and the President seem no closer to an agreement than back in the early days of 2012. I’ve been trying to hold off on this article due to the possibility of a last-minute deal arriving. But I believe it’s best to inform the public of […]
When I speak to most entrepreneurs about business plans, many of them believe that the process ends after it’s written. But I’m here to tell you that your job is just beginning. Now comes the part where you should do a “proof of concept”. What does this mean, you ask? Well, quite simply it’s testing […]
(The following article was provided by Yevgeny Levin, a lawyer that concentrates in small business law. His firm’s website is www.ylevinlaw.com)
In today’s difficult economic times, many small business owners find themselves struggling in dire financial or legal situations, forcing their businesses to downsize or cease operation. Fortunately, many common legal mistakes may be […]
(excerpted from “How to Start a Business in New York” e-book, register on the right for more information)
Your business plan is the backbone of your company. This is the first step in determining if your business idea is feasible or not. The plan should discuss the different elements of the business […]
Were you ever confused of what the differences are between a Corporation, S-Corp, and an LLC? We’ve been asked this many times and decided to help out our fellow entrepreneurs with a quick summary of the tax and legal implications of each when considering how to incorporate your business.
Structure Legal Considerations Tax Considerations Sole […]
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