Posts in Small Business Formation
The Dirty Little Secret Most Business Owners Won't Talk About
The Dirty Little Secret Most Business Owners Won't Talk About

Whether you develop smartphone apps, offer consulting services, or brew craft beer, you are no doubt extremely talented and driven when it comes to your core product or service.

Yet, when it comes to the dry, nitty-gritty parts of running a business—crunching numbers, negotiating contracts, dealing with insurance, and managing taxes—you likely don’t have nearly the same passion or surety. You might project an outer facade of confidence about the state of your company, but you may secretly fear that it’s going to fail.

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Business Law, Taxes, Small Business Formation, FinancesErica EndykeLIFT, legal, insur, finances, Tax, business, small business, business owner, set up business, what to do when starting a business, business formation
Is It Time to Go Solo(preneur)?
Is It Time to Go Solo(preneur)?

There’s nothing like a major change in the economic climate to make you rethink your day job. “Business as usual” currently means a large element of uncertainty about what the future holds for your working life.

In last week’s blog, I talked about how now is the perfect time for you to look at all the resources available to you, and to consider what you can do to serve the world with under-utilized gifts, skills, and talents. By doing this, you have the potential to take full control over your income, and your family’s long-term security.

You also may have noticed a growing trend that existed even before the coronavirus pandemic hit—more and more people are opting out of the traditional 9 to 5 and becoming “solopreneurs,” either by becoming a freelancer or starting a business.

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Small Business FormationErica Endykesolopreneur, freelance, small business, Small Business Formation, set up business, what to do when starting a business
What is an S Corp?
What is an S Corp?

Some LLCs may elect to be treated as an S Corp under the Tax Code, providing a significant amount of tax savings. That’s what that is! Read on if you are an LLC or Sole Proprietor looking to take advantage of completely legal tax savings.

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Small Business FormationErica EndykeLLC, S Corp, Advantages of s corp, taxes s corp, s corporation, s corporation definition, llc vs. s corp for dummies, s corporation vs. llc, s corp vs. llc tax implications, s corporation examples Comment
Dream Big, Dare to Fail (but Protect Your Fall)
Dream Big, Dare to Fail (but Protect Your Fall)

You are allowed to have a dream and pursue your version of more. Have you ever thought: What if I open a coffee shop? Invent an app? Create an online course?  Make my own YouTube Channel? Pay attention to those thoughts that drive you, even if they don’t make sense to anyone else. Especially if they don’t make sense to anyone else.

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Small Business FormationErica EndykeLLC, create llc, new company, starting a business checklist, what to do when starting a business, llc in massachusetts, llc in ma, operating agreement Comment