A family limited partnership is a device that allows gifts to be made at discounted values for gift tax purposes. A partnership is a consensual association of two or more persons or entities to carry on a business for profit. Each partner is fully liable for the debts of the partnership. In a limited partnership, …
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In estate planning, this phrase refers to planning to transfer business ownership and control to the right persons while minimizing the tax cost. The concept usually applies to closely held family-owned businesses. A business is owned by a father whose wife will probably survive him, or both spouses own it in a typical situation. They …
What’s the second most important part of being an entrepreneur, after starting your business? There are various reasons entrepreneurs fail, and avoiding failure as an entrepreneur can be difficult in this economy. However, there are several steps you can take to mitigate your risks and lower your chances of experiencing a business failure. While there …
10 Secrets You Must Know to Never Fail as an Entrepreneur Read More »
Everyone wants a clean and tidy home, but not numerous people have the time to do it themselves. That presents a lucrative opportunity for people who enjoy cleaning work. The cleaning sector employs more than 2.5 million people in America, and the industry is expected to continue growing. If you are interested or already have …
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Let me start by saying that you’ve already impressed me: You’re reading this article. Many of my new entrepreneurial clients would find it almost impossible to do what you’re doing this very moment. I’ve concluded that most entrepreneurs – especially those of the female variety – rarely relax and do something for themselves. It’s not …
Right now, there are some impressive statistics on the number of women entrepreneurs in the US. This includes women-owned businesses and women in self-employment in the US – and the numbers are growing. Women starting their businesses and entering the business or entrepreneurial space isn’t, of course, a new phenomenon. Even in the pre-postmodern, pre-feminist, …
Do you like getting paid? There is no reason to start a business unless you plan on getting paid. Whether you’re just doing a few gigs a month or working full-time as a busy copywriter, you must add up the hours you’ve worked and send your clients their bill. To do that involves creating an …
How to Create an Invoice to Get Paid Fast – The Ultimate Guide to Invoicing Read More »
Do you often entertain the idea of starting your own business? If so, you’re not alone. Just about every working person has fleeting or recurring thoughts about chucking the nine-to-five rat race and opening the doors of their very own company. It’s almost a human urge to be your own boss. So what does it …
Starting a business always takes money. Even if you are on a shoestring budget, you can still start a successful business if you find ways to minimize startup expenses. Something as simple as creating a written financial plan will help you save money. Every little money-saving tactic will add up; the end result could add …
Developing a business plan and putting that plan into motion can be a whirlwind, and if you are not careful, you might find yourself fully swept up in it before you even realize it. As an entrepreneur, it is part of the gig to be an all-in person. This is your passion put into practice, …
Do you want to start a business but you haven’t found the right idea? The business idea is the start of every successful company. One of the toughest parts of starting a business is the idea stage. It’s not that people can’t come up with a business idea. The problem is that the idea might …
Low-Cost Unique Small Business Ideas with High Profits Read More »
Is an LLC the right entity for your business? Learning how to form an LLC is quite an easy task with the proper guidance. A limited liability company, or LLC, combines the benefits of sole proprietorship and partnerships. Additionally, there are significant tax benefits. LLCs also offer limited liability protection that is often superior to …
