Category: Uncategorized

When deciding which business entity to choose for your business, there are many considerations that small business owners must take into account. These considerations include estate planning, tax benefits, and, of course, the asset protection that each entity will provide you. Each business entity provides different benefits. Two entities that are commonly confused by business owners are the LLC and the business trust. In this article, we will discuss the differences between the two business structures, and when each can… Read More

Small businesses often grapple with limited resources and budget constraints when it comes to marketing. However, this doesn’t mean you have to settle for mediocre results. Guerrilla marketing, a creative and unconventional approach, offers a powerful solution for small businesses to make a big splash without breaking the bank. In this comprehensive guide, we’ll explore guerrilla marketing, its various types, benefits, potential drawbacks, and estimates of its ROI. We’ll also equip you with actionable tactics and real-world examples to inspire… Read More

Executive Summary A business checking account is an important financial tool. It will not typically appear on business credit reports, however, and will not affect business credit scores.  But a business bank account will often help a business qualify for lenders small business loans and financing, because lenders often take bank activity and cash flow into account when evaluating applications for credit.  Additionally, there is a fairly recent effort to incorporate bank account information into certain credit scoring models.  Here’s… Read More

A robust economic recovery and a recession that didn’t materialize along with the promise of lower interest rates means 2024 could shape up to be a year of opportunity for small business owners who act strategically in 2024.  Here’s what you need to know about small business financing in the coming year.  What Happened in 2023 in Small Business Finance Rising interest rates, post-pandemic business growth challenges, commercial real estate woes, and new regulations dominated small business financing news headlines… Read More

As an accounting professional, Ebe Osaigbovo, CPA, knows how important it is for small business owners to borrow carefully. “Always have a plan for the funds. Do not ‘bet the farm’,” warns Osaigbovo, president of Smart with Money CPA. He also understands how debt can be leveraged strategically. As a CPA, he works with numerous small business clients, including those who aren’t ready to hire a Chief Financial Officer but still need the types of advice a CFO can provide. … Read More