Starting a Business
It’s difficult to get started on the right path.
Which is exactly why we created ExitPromise.
Over the past 10 years, our Featured Advisors have helped more than one million business owners, like you.
And we don’t plan on slowing down anytime soon.
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Our Latest Startup Blog Posts:
How the Paycheck Protection Loans Work
On Friday, March 27, 2020, the Paycheck Protection (Loan) Program (PPL) for small businesses was approved as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. This new law is intended to help small business owners in an unprecedented way.
First, while the Paycheck Protection Program Loan will be initially set up by banks and approved by the SBA under section 7 (a), unlike other SBA loan programs, the PPL is guaranteed 100% by the SBA.
Second, if the proceeds of the loan are used by business owners as Congress, the Senate and President Trump intended, the loan will be forgiven.
How to Pay Yourself as a Business Owner
In this post, I will be addressing how to pay yourself as a business owner and these related subjects:
Business owner compensation overview
Why does Reasonable Compensation of business owners matter
S-Corp Shareholder Employee compensation
C Corporation Shareholder Employee compensation
Distribution of Property & Cash to Other Shareholders
Taxes Applicable When a Business is Sold to a New S Corp or C Corp owner
Partnerships – Compensation, Distributions & Sale Proceeds Tax Consequences
Sole Proprietorships Compensation,Distributions & Sale Tax Consequences
LLC Member Compensation, Distributions & Sale Tax Consequences
Can I Sell My Business For Less Than I Owe the Bank?
For many businesses, the ultimate goal is to sell the business. Can you picture it? Walk away from the daily stress and aggravation with a fat pile of cash. Hop a plane to your favorite tropical destination and spend the rest of your days lounging a white sandy beach, sipping pina coladas out of a coconut, without a care in the world.
Well, friends, the above scenario is the ideal scenario. I like sipping cold drinks on a beach as much as the next guy, and I hope that happens for you. But if you clicked on this article, you may be looking at a much different scenario.
And that’s what this article is going to cover: the less-than-ideal scenario.
DBAs, Trademarks & Other Tools To Help You Protect Your Business
In this post we will be addressing how to protect your business name and whether filing for a DBA, registering a trademark or copyright, creating a URL, filing a patent application, and registering your business in your state of operation is appropriate, and most importantly why.
Understanding the differences between the various methods used to protect your intellectual property allows you to be prepared to make the best decisions possible for your new business. By doing so, the fence around your valuable business will be strengthened!
Choose the Best Business Entity for your New Business
A business entity is the separate legal business structure under which a business operates which is distinct from the individual or individuals who...
How to Successfully Acquire A Business In A Seller’s Market
As a business broker in North Carolina, I’m focused on seller representation. But I need great buyers to match with my great seller’s opportunities....
When Does a Descriptive Mark Supplemental Registration Improve Branding?
What can be branded? Names of businesses, associated logos, taglines, slogans, names of products, and even product shapes, sounds, smells, and colors can be part of your brand.
Small Business Financing
Without cash flow, a business cannot pay its employees, make debt payments, or invest in its future growth – making cash flow a critical focal point...
Business Capital Structure
Business debt and equity are central to the operations of any company. The amount of debt and equity a business carries has a major impact on how...
Business Lending
Business Lending from Banks Whether you’re a Main Street small business, an Entrepreneur growing a business from start-up, or a Middle Market...
Growth Capital vs Working Capital
Sufficient cash, otherwise known as business capital, is necessary for any business to pay vendors and employees on time and to invest in real and...
Capital Sources For Your Business
Whether you're growing a business organically or searching for ways to jump start business growth with a large cash infusion, don't allow the large...