Tag: 💼 Business
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Chapter 6 — Bootstrapping: Starting With What You Have
Chapter 6 — Bootstrapping: Starting With What You Have Almost every small business in America started the same way: the owner paid for it out of their own pocket. Not with an investor. Not with a bank loan. With savings, a credit card, and whatever the business itself earned in the first few months. That…
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Chapter 5 — S Corp vs C Corp
Chapter 5 — S Corp vs C Corp A corporation is a separate legal “person” created by filing paperwork with the state. It has shareholders (owners), a board of directors (oversight), and officers (day-to-day operations). In a one-person small business corporation, you can be all three — the titles sound grand, but the paperwork is…
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Chapter 4 — The LLC, Step by Step
Chapter 4 — The LLC, Step by Step The LLC — limited liability company — is the most popular business structure for small businesses in America. It gives you the two things founders want most: liability protection like a corporation, and simple pass-through taxation like a sole proprietorship. No double tax, no board meetings, no…
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Chapter 3 — Partnerships: Doing It Together
Chapter 3 — Partnerships: Doing It Together Two cousins open a corner grocery store — one puts in $30,000, the other puts in $10,000 but works the counter six days a week. Partnerships are the natural structure of people who start businesses together. Simple to form, flexible to run — and, precisely because they feel…
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Chapter 2 — Sole Proprietorship: The Simplest Start
Chapter 2 — Sole Proprietorship: The Simplest Start You wake up Monday morning and start mowing lawns for $40 a yard. You do not file anything, register anything, or ask anyone’s permission. Congratulations: you are a sole proprietor. A sole proprietorship means you are the business. There is no separate legal entity — no company…
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Chapter 1 — Why Your Business Structure Matters
Chapter 1 — Why Your Business Structure Matters You have the idea — a cleaning service, a food truck, a freelance design practice. The next question is one most new founders never stop to ask: what legal form should my business take? A business structure is simply the legal wrapper your business operates inside. It…
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Introduction — From Idea to Income
Introduction — From Idea to Income You have a business idea. Maybe it’s been sitting in your head for months: a cleaning service, a food truck, a repair shop, an online store. You know you could make money with it. But between the idea and the income, there is a gap — and that gap…
