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A corporation or limited liability company major advantage is that the shareholders, members or owners generally are not personally liable for debts of the corporation or LLC. One exception is that you must kept the formalities of the entity to minimize personal liablility for the owners. On a yearly basis the entity must file an annual report with the State, must have a meeting of the Directors and shareholders, file taxes, maintain a principal office, file the Beneficial ownership information …

There are many ways to build trust with customers, such as offering reliable products, cost-effective services and excellent customer service. Your customer services team should listen to customers and respond to feedback to build loyalty. Having clear policies and procedures for your company can also help with certainty for staff and customers. 

But, there are other ways to build trust with your audience that you might not have considered before. So, here are five great additional ways to buil…

Dropshipping has become one of the most popular new business models since the pandemic in 2020. And there are obvious reasons why. However, just because of the benefits of dropshipping, it doesn’t mean you will succeed.

This article looks at the dropshipping business ideas that will help you succeed.

What is a Dropshipping Business?

Many people need clarification on what a dropshipping business is. To understand, it’s best to talk through the process of the sales and the different parties inv…

Black Friday is often considered one of the best days for sales across the US. Numerous people will queue in line to get the best deals on the day. But are Black Friday sales the best deal for businesses? Do they create an expectation from shoppers? Could these heavy discounts ruin the reputations of brands? In this article, we look at whether Black Friday (and also Cyber Monday) is good for your business.

When is Black Friday?

Black Friday is the last Friday in November after Thanksgiving. It…

When setting up a new business, you will come across many new terms, and you might be wondering, what does 'LLC' stand for? In this article, we take a look at what is meant by the term ‘LLC’ and consider the advantages and disadvantages of this legal business entity.

What Does LLC Stand For?

So, what does LLC stand for? LLC stands for ‘limited liability company' which is a type of business entity. Other business entities include sole proprietorships, partnerships, and corporations. An LLC is a…

Cash flow and profit are important factors when it comes to business. And there are numerous ways that you can improve both cash flow and profit. Most business owners think earning more means working longer or offering more products or services. Or to earn more you have to hire employees, which can be expensive and risky.

In this article, we will explore how this is not always the best option and how you can increase small business revenue streams without significantly inc,reasing your workload…

Discounts aren’t always the best option for improving cash flow in your business. Numerous other options can help your business achieve more sales while not impacting significantly on your business.

In this article, we will explore ways to increase sales other than discounts.

Why Businesses Shouldn’t Discount

There are numerous reasons why businesses shouldn’t use discounts to increase sales. For instance, when the consumer learns that a product can be sold at a lower price, it can create mis…

There are numerous reasons why businesses fail. One of these is that businesses don’t properly manage their finances or cash flow. There are many ways to manage your business finances, and in this article, we look at some of the best options for small business owners.

Why Control Finances?

Controlling finances is a fundamental part of running a business. You need to know how much money you have for investment, take home, supplies and to pay for services. You will also need to know how much mon…

Setting up a business in another state (or country) where you are a non-resident can be daunting. You can register a business as a non-resident, with some exceptions, and this can be very beneficial. There are several entities to choose from, such as a limited liability company (LLC) or a corporation. You might decide to set up a California foreign LLC. 

An LLC is a type of legal business entity where the business owner has limited liability. This means that their personal assets are protected …

When you work for a business, there are critical business skills you need to help you advance in your career, set up your own business in the future, or find a new job. These skills can range from leadership to financial. So, what are the critical business skills you need to develop?

Critical Business Skills You Need

Here are ten critical business skills you need, whether you are starting a business yourself or looking to advance your career.

1. Team Leadership

If you have been in your role …