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SFIO CRACHOshutterstockWithdrawing from company assets for personal use is common for business owners, as they need income. This process, known as an owner’s draw, can be complex in terms of accounting and tax law. What should you consider when withdrawing money, what types of withdrawals exist, and is…
NDAB CreativityshutterstockAccounting is a complex task and especially entrepreneurs who are just starting their projects can use all the help they can get. With the right bookkeeping software, founders, freelancers, and SMEs have tools at their disposal that make the work easier and less error-prone. What…
Gustavo FrazaoshutterstockNomen est omen: The name of a company should be well thought out. A good company name that accurately reflects the characteristics of the business, products, or services can be invaluable—especially if it is well-known and positively perceived within the target audience. However,…
Billion PhotosshutterstockIf you want to use your company assets to strengthen company funds from your personal account, that isn’t a problem initially. However, you have to book these contributions and withdrawals correctly. It is important that these transactions do not affect the company’s profit or…
marventshutterstockIf several people or entities want to operate a commercial business together, their first step is finding a suitable legal form for their business. An interesting, common solution is a limited partnership. This is comprised of general partners, with unlimited liability, and…
create jobs 51shutterstockThe business structure determines how a company is run regarding its legal aspects. It regulates the relationship between partners and shareholders as well as their relationship to the state and the environment. Here, we provide an overview of the most common types of business…
Natee MeepianshutterstockWhether you are starting a company, exploring your current market, or discovering a new one, a market analysis can help you evaluate the attractiveness of a market. A market analysis is a key element of every business plan and makes sure that your idea or your plan is fit for the…
Andrey_PopovshutterstockNumbering your invoices isn’t required under U.S. law, but it’s a helpful tool for managing your business and tracking your transaction history. Utilizing a good invoice numbering system makes it easier to locate invoices for future referencing, and can come in handy when…
Watchara RitjanshutterstockA limited partnership in the U.S. offers flexible investment opportunities with limited liability, making it easier to bring in investors. Profit distribution can be fully customized in the partnership agreement, taking into account liability, involvement, or other agreed…
Rawpixel.comshutterstockMembers are essential for clubs and associations. With the wide range of clubs out there, it’s important that organizations make it easy for prospective members to find them online. It’s also important that their websites offer immediate value. Crucial to this is a club domain…