Business Growth Articles and Tools

Can an LLC Own Another Business? (And Other Common Questions)

If you’ve ever thought about adding another business to your portfolio, you’ve probably wondered whether it’s possible—or even smart—to put it under the umbrella of an LLC. You’re not alone! Many entrepreneurs wrestle with questions like, “Can an LLC own another LLC?” or “Do I need a separate LLC for each business?” The truth is, there are several ways to structure multiple businesses, and each has its pros and cons. Below, we’ll walk through the most common questions business owners ask so you can see which approach may fit your situation best.

How to Structure Multiple Businesses — Legal Entities, Tax Consequences, and Best Practices

Learn how to structure multiple businesses for legal and tax efficiency. Discover key concepts and entity types today.

Is a Fractional CFO Right for Your Business?

Typically, when a business reaches approximately $10 million in revenue, it can comfortably afford a full-time CFO. Until then, hiring a Fractional CFO is a way to access high-level financial support without paying a full-time officer.

A Complete Guide to Understanding DBAs vs LLCs

When starting a business, one of the most common questions entrepreneurs face is understanding the difference between a DBA and an LLC. As one of our business advisors puts it, the difference is “an awful lot!” This comprehensive guide will help you understand these two business structures and make the best choice for your situation.

New Overtime Rule Increases the Salary Exemption Thresholds

On November 15, 2024, the U.S. Department of Labor (DOL) Fair Labor Standards Act (FLSA) overtime pay requirements requiring more employees being classified as non-exempt has been overturned.

5 Steps to Deal with your Difficult Employees

5 Steps to Deal with your Difficult Employees

Entrepreneurship offers the most even-tempered humans many challenges. One suchDifficult Employees challenge is managing difficult employees who are forever causing havoc. You know who they are. And so does your spouse! One of my favorite clients refers to her difficult employees as her “high-maintenance employees.”

Business Bad Debt

Business Bad Debt

Business bad debt refers to any debt created or acquired in a trade or business (or closely related to a trade or business) that becomes partially or completely worthless and can not be collected. Business bad debt is the result of a customer, another business, or an individual who cannot or refuses to pay their debt obligation to your business for goods and services received or rents owed. Debt may be considered closely related to a business if it was incurred for legitimate business purposes such as lending money to a business owner so the business can pay a supplier or  meet payroll cash requirements.

2017 Business Tax Filing Deadlines Have Changed {Infographic}

2017 Business Tax Filing Deadlines Have Changed {Infographic}

Busy entrepreneurs need to be aware of several important changes in federal 2017 Business Tax Filing Deadlines for the calendar year ending 12/31/2016. Most notably is now employers have one month less to file Forms W-2 and 1099 MISC with the Federal Government. In the past, this information was due on February 28th. Now both the recipient and the IRS must receive these documents by January 31st. Similarly, Partnership Form 1065 is now due a month earlier on March 15th . On the other hand, C Corporations have an additional month to file Form 1120. Its due date is now April 18th.

Exclusivity Agreement Definition

Exclusivity Agreement Definition

In business, the term exclusivity refers to a party’s sole rights with regard to a certain business activity. This may include business relationships, pricing, products, or sales. Another application of this term in the business world involves relationships between parties, most notably in the form of exclusivity agreements. This post addresses how two forms of exclusivity agreements or clauses may be useful in business acquisitions and mergers and
strategic business relationships between two or more parties.

Intangible Assets

Intangible Assets

Intangible assets are those assets in a business which are not physical in nature. Some examples include: intellectual property, (like patents, trademarks, and copyrights), brand recognition, special knowledge, and business methods. Such non-physical assets add value to a company over time and cannot be destroyed in a flood, fire, or other disaster. Rather they can help build up a company should a calamity strike.

Pro Forma Definition

Pro Forma Definition

Meaning ‘for the sake of form’, the term pro forma refers to a document that is often provided as a courtesy...

Google Analytics Reports: What Are Visitors Doing on Your Website?

Google Analytics Reports: What Are Visitors Doing on Your Website?

You’ve invested in Search Optimizing your website with better content, meta-code, and Social Media links. Traffic to your site has increased, and you’ve even started to receive more calls and orders. What’s next? The first thing to realize is that SEO is an open-ended process that is never really complete. It comes with victories and setbacks, and you need to be vigilant about the ways in which your web visitors interact with your site.

Keeping Track of Your Competitors’ Intellectual Property

Keeping Track of Your Competitors’ Intellectual Property

As businesses grow and develop, so do their intellectual property (IP) assets. And if these businesses are engaging in proper IP management, they are filing trademark and patent applications to protect their IP. However, because of the public nature of both trademark and patent prosecutions, one may get an inkling of their competitors’ business plans if they monitor these application filings. Though not a perfect way to predict the exact nature of your competitors’ future offerings, keeping track of IP filings can be a guide to where your competitors are moving.