Starting a business involves making many decisions. One of the most significant is choosing the right business formation. Each type of business structure has its own tax implications, which can greatly impact your finances. 1. Tax treatment of profits and losses Taxes...
Small businesses often require financial support to grow and expand, but more so when their business is facing financial struggles. One valuable resource an entrepreneur can use is the Small Business Administration (SBA) loan program. This initiative offers a range of...
The choice of business structure affects several aspects of a business. Entrepreneurs should choose an entity that works best for his or her business. Long-term growth depends on tailoring the formation of the business itself. The structure, after all, can affect...
When setting up a business, it is critical to take a look at the different business forms and options available to business owners. Selecting the most suitable business structure for the needs and goals of the business owner and their business can help plan for the...
It takes more than a great idea to get a new business off the ground. There are many expenses that must be covered and contracts that must be signed. However, before an entrepreneur can even open the doors of their new enterprise, they must decide how their business...
The city of Akron, Ohio, has launched a new program with a two-fold purpose. In an effort to both support small businesses and fill its own empty storefronts in the city's retail district, it has launched the “Rubber City Match” program. Aimed at properties in Akron’s...
Sometimes the best way to kickstart the growth of your business is to buy another business or property. You might not enjoy the same control as if you grew more organically, but markets are time-sensitive. Key acquisitions can help you capitalize on your ideas. As the...
Starting your own business is often a dream come true. You get to make the big decisions, be your own boss and build something from nothing. However, opening a business is also a lot of work. You create your product line, market your products and select a location....
Great ideas can lead to financial success. This is often the catalyst that drives the Ohio entrepreneur to venture into the world of a new business startup. Along with this decision, though, is often the need for various business financing decisions. The first step to...
Entrepreneurs in Ohio apparently could not have picked a better time or place to start their businesses. The Buckeye State is quickly gaining a reputation for being friendly to those in various stages of business formation, and the numbers from last year's filings...