LAUNCH AND EXPAND YOUR ENTERPRISE
Business structure
Selecting the ideal structure for your business is crucial, whether it's an LLC, S-Corp, C-Corp, partnership, or sole proprietorship. Start by registering for an Employer Identification Number (EIN) to establish your business identity. Don't forget to secure a business license tailored to your operations. Additionally, take the time to outline your future goals, whether you plan to launch an online venture, work with vendors, offer delivery services, or operate a physical storefront
Flexibility in organizational design
In today's fast-paced digital environment, businesses must not only keep up with change but also excel in it. So, how can organizations find success in the face of ongoing transformation? The answer lies in the Agile Organizational Structure. Embracing Agile methodologies offers numerous advantages, such as increased productivity, quicker product launches, enhanced product quality, and more satisfied customers. Our expertise lies in designing your company to swiftly respond to changes, foster innovation, and prioritize the needs of your customers
Tax-Management & Accounting
As a business owner, maintaining precise and current records of your transactions is crucial. By diligently tracking your business activities, you can unlock potential deductions and credits that could benefit your bottom line. Additionally, well-organized records streamline the tax return process, ensuring accuracy and efficiency. As your reliable partner in accounting and tax services, we are dedicated to assisting you in mastering the intricacies of bookkeeping. We also offer expert advice on the most effective tools and resources for record maintenance, including top-notch accounting software and strategic planning for record-keeping.
Advantages of Starting a Nonprofit Organization
Possibility of Achieving Tax-Exempt Status
Safeguarding Against Personal Debts and Obligation
Possibility of Achieving Tax-Exempt Status
Nonprofits can receive state and federal exemptions from corporate income taxes (plus certain others) that other business structures must pay. A tax-exempt status isn't immediately granted to nonprofits, but will require a specific 501c3 application to obtain it.
Continuity of the Organization
Safeguarding Against Personal Debts and Obligation
Possibility of Achieving Tax-Exempt Status
A nonprofit organization operates independently from its management and leadership. This means that the organization can continue its work even if the current leader departs. The enduring nature of the organization enhances its appeal to donors who are interested in supporting initiatives with lasting effects
Safeguarding Against Personal Debts and Obligation
Safeguarding Against Personal Debts and Obligation
Safeguarding Against Personal Debts and Obligation
Nonprofits are afforded the same limited liability protection as LLCs. This means that the personal assets of directors and officers are considered separate from the personal interest invested in the company. With this protection, debts and liabilities incurred are the responsibility of the business rather than its members.
Is Business Credit Significant?
Absolutely, it is!
There are countless Net 30 credit lines available for businesses that utilize Dun & Bradstreet Paydex scores or Experian Inteliscores for approval. While these aren’t cash credit lines, they can significantly support your working capital and enhance your business operations. Additionally, the business credit scores from Dun & Bradstreet, Experian, and Equifax contribute to a small portion of your FICO SBSS score.
Achieving at least a 155 for the SBA and a minimum of 160 for most banks has become essential for accessing nearly all cash lending programs. You might already know that FICO is a key player in personal credit scoring. It’s important to note that less than 1% of small businesses in the U.S. are considered bankable.
Personalized business coaching
Our tailored coaching and support aim to greatly improve personal and business credit ratings, enabling clients to find initial funding sources outside of conventional banks. To learn more about our pricing and services for personal credit restoration, click the button below.