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Also, keep these digital assets up to date with relevant, interesting content about your business and industry. According to Ruthann Bowen, chief marketing officer at EastCamp Creative, too many startups have the wrong mindset about their websites. Jordan says that not all businesses need to collect sales tax (or obtain a seller’s permit). Sole proprietorship.If you own the business entirely by yourself and plan to be responsible for all debts and obligations, you canregister for a sole proprietorship.

Many customers turn to the internet to learn about a business, and a website is digital proof that your small business exists. It is also a great way to interact with current and potential customers. Before you can register your company, you need to decide what kind of entity it is. Yourbusiness structurelegally affects everything from how you file your taxes to your personal liability if something goes wrong. However, hiring an … Read More


Social media.Use social media to spread the word about your new business, perhaps as a promotional tool to offer coupons and discounts to followers once you launch. The best social media platforms to utilize will depend on your target audience. Not every business will need the same type of vendors, but there are common products and services that almost every business will need. Consider the following functions that are a neccessity for any type of business. Although you should consider several types of business insurance, there are a few basic insurance plans that most small businesses can benefit from.

Well, if you’re getting paid for work on a monthly basis, there’s probably very little difference. But, if you agree to and invoice someone for work several months before you get paid, it can change the year you pay tax on that income. You’ll need to keep track of what you’re … Read More


Partnership.Alternatively,a business partnership, as its name implies, means that two or more people are held personally liable as business owners. You don’t have to go it alone if you can find a business partner with complementary skills to your own. It’s usually a good idea to add someone into the mix to help your business flourish. Marcus Anwar, co-founder of OhMy Canada, recommends smaller community banks because they are in tune with the local market conditions and will work with you based on your overall business profile and character. Every entrepreneur should use this formula as a tool because it informs you about the minimum performance your business must achieve to avoid losing money. Furthermore, it helps you understand exactly where your profits come from, so you can set production goals accordingly.

Limited liability company.One of the most common structures for small businesses is the limited liability company. This hybrid … Read More