It can be a real challenge for a new entrepreneur who doesn’t regularly balance his or her personal checkbook to adjust to the demands of business accounting.  Business accounting is a critical discipline that the business owner either must learn and adopt – or must outsource to someone else.  No matter how small your business is, you simply can’t run your business as if it were your home.  There are many solid reasons for this.

One reason is that in business it is far more likely that more people are going to have claims on your money.  Lendors, vendors, employees, and Uncle Sam all need to get paid.  These obligations create liabilities that your checkbook doesn’t show.  How much should be set aside to pay the bills?  How much do you need to reserve for tax payments?  What about those business loans?  It is simply too hard to track in your head. Read More→

• Assess Your Abilities and Resources Because starting your own business is a risky thing to do, it is important to come to grips early on about the potential risks you face.  By facing those risks head-on, you can make an informed decision about whether or not you are willing to accept those risks.  It also......
• The Problem with Series LLCs The new, Series LLC abandons the comforts of asset protection precedent, and introduces a new, completely untried and untested concept into which uninformed promoters and unwary business owners are stumbling. The Series LLC is an exciting new development in business entity law that is currently getting a lot of attention......

• Grow Your Internet Industry Making Use Of Organic Traffic?
• Say No to Yes Man Financial Advisers