Category: Running a Business

Forming an LLC in Texas

Forming an LLC in Texas

Have you been told that forming an LLC in Texas for your company would be a smart move? There are plenty of reasons to consider a Texas LLC formation as a business owner, but you may have no clue where to start. This article will explain the benefits of the limited liability company business entity, walk you through the steps to form one, and even explain why you might want to hire a registered agent for the process. Why and… Read More
Learn How to Create and Maintain an LLC in Florida

Learn How to Create and Maintain an LLC in Florida

If you have a Florida business, you should choose the best business structure for your needs. The limited liability company (LLC) is one to consider, and this article details more about how to form a Florida LLC. With a Florida limited liability company, you protect your personal assets and realize some great tax benefits.  Read on to learn more about why you might want to form an LLC formation in Florida. Understanding Business Entities Before we look at the benefits… Read More
Key Employee Coverage—5 Options To Consider For Your Business Continuation Plan

Key Employee Coverage—5 Options To Consider For Your Business Continuation Plan

Life insurance is not just for people. Many companies benefit from buying life insurance for key employees as part of their business continuation and succession planning. Seven out of 10 small businesses surveyed by the National Association of Insurance Commissioners said they were very dependent on one or two people for their success (source). However, only two out of 10 had key person life insurance in place. The emotional toll on family and family and the damage to the company's… Read More
Your Accountant Can Help You Build Your Business

Your Accountant Can Help You Build Your Business

As a former small business owner myself, I shamefacedly admit that I didn’t take advantage of my accountant’s expertise and point of view and how it could have helped me ramp up my business much faster than I did on my own. In fact, I’m convinced your accountant can help you build your business—you just need to move from a transactional relationship to a consultative relationship. One of my best friends is a CPA. Although he wasn’t my accountant, we… Read More
Business Documents: How Long to Keep Business Records

Business Documents: How Long to Keep Business Records

You know that good record keeping is part of running a small business, but you aren’t sure how long to keep business records and documents. The last thing you want to do is shred some business documents that you later need...but at the same time, you don’t want to hang onto a lot of paper unnecessarily. In this article, we’ll look at different types of business records, why it’s important to hang onto some of them longer, and what the… Read More
Bank Reconciliation: How Does a Bank Reconciliation Work?

Bank Reconciliation: How Does a Bank Reconciliation Work?

You’re no bookkeeping expert, and yet, if you run a business, you need to be on top of managing your accounting records. You’ll quickly become familiar with financial statements and balance sheets, but don’t overlook a key but simple activity: bank reconciliation. Knowing how much cash is in your bank account is essential for keeping good accounting records, but account reconciliation goes a little deeper than that. Let’s look at what it is and how you can become a bookkeeping… Read More