We want to provide a birds-eye view of what a limited liability company is, why you may want to form one, and then how you form one. Our experience is that many small business owners (especially new small business owners) benefit from knowing this stuff. And in many cases, real estate investors … [Read more...] about Forming a Limited Liability Company: What, Why, and How
One of the more common subjects that new business owners ask about is “how to write a business plan?” To help you with this task, let me first clarify what business people usually mean when they use the term business plan and then provide some suggestions and point you to resources that you can use … [Read more...] about How to Write a Business Plan
If you’re a new business owner, you may wonder whether or not you should incorporate your business. Well-meaning friends and business colleagues may even have encouraged you to look into the question of “forming an LLC vs. S corp.” It often is a good idea to operate your business as what’s called … [Read more...] about Incorporate Your Business: LLC vs. S Corporation
If you need to write a business plan and you haven’t written one before, you may want to first look at a sample business plan. For the obvious reasons, if you can pattern your own plan after a successful sample, you will produce a better plan of your own. The problem with this notion is that real … [Read more...] about Where Can I Find a Sample Business Plan?
Business strategic planning refers to the process of choosing and then implementing one of the two traditional business strategies. These two strategies go by different names, but you can think of one as the cost strategy and the other as the differentiation strategy. If you select a cost … [Read more...] about Business Strategic Planning