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Every new business owner wants to know the secret to small business success. There are, of course, many factors to this but here is our opinion of the five keys to business success. There are no guarantees but if you follow these tips they will help get your business off to a good start.

The Five Keys to Business Success

Here are some of the elements you will need for business success, whether you want to be a big business, hiring hundreds or a small local organisation with just a couple of em…

You will likely need help starting a business when planning a new venture, no matter how experienced you are in your industry or profession. There are many organizations that you might need to get in contact with. For example, you might wish to register a trademark with the United States Patent and Trademark Office.

You might want to learn how to set up a simple website so you can edit it frequently. It might be necessary for you to seek funding support from various organizations. You might beg…

In the first part, we discussed the importance of creating a lean business plan. Now we will go into more details about what must an entrepreneur do after creating a business plan.

Once you have your lean business plan in place that is coherent, written in plain English, and includes everything required to both setup and manage your business, you can move on to the next stage. There are many important aspects to setting up a new business. You will need to decide on your business structure, file…

A business plan is the foundation of any new business and documents how your business will run. It describes aspects of your business including goals, operations, organization, finances, marketing, etc. It will also document how your business is structured. For example, will your business be an LLC or corporation?

If you have completed your business plan and are asking 'What must an entrepreneur do after creating a business plan?' then read on to find out more in part one of our series.

Why Cr…

If you are planning a business formation, you might ask which is the best US State to file your incorporation? This may or may not be the State with the most incorporations. Most people are unaware of which State has the most businesses formed. 

In March 2023, the State with the most entities was Florida. It wasn't Delaware, New York, or Texas. While many believe that Delaware is the leading State to incorporate, this is incorrect. There's also good news if you are incorporating a company in Ca…

When forming a corporation in California, you might want to consider becoming an S Corporation. However, there are particular qualifications and steps to become one. In this article, we ask what is an S election? What are the qualifications and what is the S Election Form 2553?

An S Election Must be Approved by the IRS

A Small Business Election, or S Election is not valid until approved by the IRS. Many people believe if they set up a corporation and say it's an S corporation, that is all they…

There are many aspects to consider when you incorporate your business. One confusing step or element is the fictitious business name. In this article, we’ll explore this concept, when you will need one, and when you don’t need one.

What is a Fictitious Business Name California?

A fictitious business name is a name other than your personal name used for your business name. For example, if you were John Smith MD and your name is John Smith you can start your business. 

If you are operating your…

Normally, you form a corporation in the State where your business is located or headquartered. You may have a factory, office, or store. There are many reasons why you may want to file your incorporation in a particular state. You might live in that State, for example. 

You might be looking to incorporate your business in other States because you were told certain States are better for shareholders and rules. Some States will protect the privacy of Officers and Directors more than others, and s…