What Is the Difference Between an LLC and a Corporation?

When starting a new business, choosing an entity type is one of the most important decisions you must make. Many entrepreneurs are torn between a limited liability company (LLC) vs corporation. While these entities are similar in many ways, they have profound differences that should inform what you choose. LLC vs. Corporation: The Differences LLCs …

What Is Customer Lifetime Value (CLV)?

Customer lifetime value (CLV) is a metric you can track to discover who are your best and most valuable consumers. It measures how much a customer is likely to spend over a “lifespan.” Learn how to calculate your small business’s CLV, and ways you can improve unsatisfactory values. What is Customer Lifetime Value? Customer Lifetime …

What is a 501c3 Nonprofit?

Organizations that qualify as a 501c3 nonprofit can enjoy various tax-related benefits. Although there are different types of 501c organizations, ranging from 501c1 to 501c29, 501c3 nonprofits are unique because their donations are tax deductible. Since they are also exempt from federal income tax, 501c3 organizations are the most sought after nonprofit status.  What is …

What Types of Business Licenses Do You Need?

Business licenses and permits grant you the right to legally operate your business in the U.S. However, there are various types of business licenses which are issued by federal, state, and local agencies. Learn which business licenses you need and how to get a business license. How To Get a Business License Each business license …

What is a Registered Agent & Why Do You Need to Hire One? 

A registered agent is an individual or entity responsible for receiving official documents on behalf of your business. If you want to register your business in a state, you must also appoint a registered agent as mandated by state law. Continue reading to find out how to hire one or if you can be your …

Payroll for Specific Jobs: Best Payroll Software By Industry

Different industries have different needs and payroll obligations, so it’s essential to find the best payroll software for your industry. You may need specific payroll software that makes it easy for you to pay contractors or full-time employees, for example. 1. Nanny Payroll Whenever you hire a nanny, it counts as adding a household employee …

What is Web Hosting? A Beginner’s Guide 

The three main components to owning a website on the internet includes web hosting, domain name, and website. If you already have a domain name or are looking to buy one, the second step is to choose a web host for your website. Learn what you need to know about hosting a website and what …

What Is a Payroll Card?

A payroll card is much like a prepaid debit card, but an employee doesn’t need a bank account to receive funds. Many people no longer regularly carry cash, so having your paycheck directly deposited onto a card is more convenient. It’s an ideal paycheck alternative for employees who may not qualify for a bank account. …

15 Best Project Management Conferences in 2022 

Every year, project management conferences come with a promise of learning and networking opportunities for project management professionals. The good news is that this year is no exception. If you have been looking forward to the next big event, here is a comprehensive list of the top project management conferences in 2022. 1. Project Summit …

What Is a POS System & How Does It Work?

Keeping accurate real-time sales records, managing inventory, and tracking customer information can be difficult when you’re processing transactions manually. Fortunately, you can use a POS system to streamline these tasks and gather important sales data. What is a POS system, and why do most small businesses have one in place? A point of sale system …