How to Understand Different Business Entity Types

How to Understand Different Business Entity Types

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So, you’ve decided to take the plunge and start your own business. Congratulations! It’s exciting to start a new venture, and the decision to become your own boss was probably an easy one. What comes next, however, will have far greater implications on your chances of success. When you start a business, it’s crucial that you…

What Are the Expenses of Starting a New Construction Business?

What Are the Expenses of Starting a New Construction Business?

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Building a construction business is both challenging and expensive when you first start it. However, with preparation and strong management practices, you’ll weather the pressures of competition and economic uncertainty. In fact, all signs point to this being a great time to get your new construction business off the ground. Data suggests that construction is…

Pros and Cons of Opening a Food Truck Business

Pros and Cons of Opening a Food Truck Business

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In 2008, Roy Choi sold Asian-infused tacos from his truck in Los Angeles. Although Kogi BBQ wasn’t the first food truck in American history, Choi sparked a movement that’s continuing to thrive today. According to IBISWorld, the food truck industry is worth nearly $1 billion and has grown by 7.3 percent in the past five…

Everything You Need to Know About Starting an S-Corp

Everything You Need to Know About Starting an S-Corp

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As an entrepreneur, one of the many decisions you’ll make is how to structure your business. While you may be able to operate as a sole proprietor or partnership, creating a separate business entity often has its advantages — both legal and financial. Many small business owners choose to structure their businesses as an S…

What Veterans Should Know About Starting a Business

What Veterans Should Know About Starting a Business

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Pursuing a second career after leaving the military can be challenging, which is why a growing number of veterans choose to become entrepreneurs. A 2011 study by the Small Business Administration (SBA) Office of Advocacy reported that veterans are 45 percent more likely to become entrepreneurs than those with no military experience. They are also…