Different Kinds of Business Structures

When starting a business, you’ll need to decide what kind of legal structure it will operate under. This decision will affect your personal liability and your taxes, among other considerations. The main business types include sole proprietorships; partnerships; limited liability companies (or LLCs); and corporations. Sole proprietorships and partnerships can be good ways to test…

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Multifactor Authentication for Businesses

What Is multifactor authentication and how can it help your business? Businesses have become increasingly vulnerable to hackers trying to gain access to their employee email accounts and other vital systems. One important safeguard to implement is multifactor authentication — or MFA — which can help protect against cybercriminals who seek to steal company or…

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Funding Your Business

There’s one guarantee about starting a small business: It’s going to take money. Before you get serious about seeking funds, you’ll want to have a well-defined plan with a clear description of your business, including projected sales, expenses and profits. Many entrepreneurs start with self-funding by drawing money from savings or retirement accounts. Just keep…

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How to Obtain a Tax Identification Number

If you are planning to start a business, it’s quite likely you are going to need to apply for a federal Tax Identification Number, called an Employer Identification Number, or an EIN. This 9-digit number is issued for free by the IRS and is used by businesses for federal tax purposes. It will also be…

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Important Tips for Starting a Small Business

Starting a small business is the beginning of a journey, with potentially high rewards for all your hard work. Like every journey, it requires planning. Start with market research to see if your business idea is sound. Then, prepare a business plan to use as a guide for yourself and other stakeholders. A detailed plan…

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Business Reputation on Social Media

As a business owner, you’re probably leveraging social media to build your brand, share your products, and expand your customer base. But are you taking steps to guard your reputation?  Regularly monitoring your sites and using social listening tools to guard against imposters and outside comments could protect you from some nasty headaches. Sign up…

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Things to Consider for Multifactor Authentication Implementation

When a business considers implementing multifactor authentication – or MFA – to enhance online, VPN, or application security, there are many things to keep in mind. MFA significantly boosts cybersecurity by requiring at least two ways to authenticate users before they can access things such as your business network or vital accounts. These methods include…

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Business Property Tax Increase

Business owners face many expenses they need to plan for, but if you own your business property, a significant cost will be an annual property tax. Property tax amounts depend on a variety of things. First and foremost is the assessed value of your land and business building. This value is determined by a local…

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Is your business prepared for a cyberattack?

Is your business prepared for a cyberattack? Anytime the US finds itself in the midst of escalating international tensions, the threat of a cyberattack is at its peak. Even if there’s been no specific, identified threat against US businesses, CISA (Cybersecurity and Infrastructure Security Agency) has encouraged all businesses to take stock and prepare for…

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What is a Business’s Net Income?

Small business owners have a lot to think about, but one of the biggest is their bottom line. What’s the bottom line? It’s the net income - or profit - a business makes over a given period of time after deducting all its expenses. At its simplest, net income can be described as Total Revenue…

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