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About Drake Forester writes extensively about small business issues and specializes in translating complex legalese into language everyone can understand. His writing has been featured on Fox Small Business, AllBusiness.com, SCORE.org and many other websites and blogs.  
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Self-Employed Quarterly Taxes: What You Need to Know
Make sure you know how to plan and pay for your 2022 taxes.
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Supply Chain Disruptions: What Small Business Owners Need to Know
We break down why the supply chain is disrupted to better help you source products.
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3 Steps to Formalizing Your Hobby Business
Use these three steps to make your side hustle an official small business.
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How to Pay Remote, Out-of-State Employees & Stay Compliant
As small businesses hire more remote employees ensure that you're in full tax compliance with this guide.
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The Basics of Paying Yourself as an Entrepreneur
Figuring out how best to pay yourself is one of the most important decisions you’ll make as a business owner. Here's a quick guide
The Post-Pandemic Workplace: 3 Options To Consider
With restrictions easing many people are returning to offices. We break down the different options for bringing your employees
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Filing Taxes For Your Small Business in 2021: Deductions and Credits
With the tax deadline quickly approaching make sure that you are aware of the deductions and credits that your small business
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Should You Close Your Small Business? 3 Steps To Help You Decide
Making the decision to close your business, even temporarily, is never easy. Use this guide to help you make this difficult
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Prepare Your Small Business For the Holiday Season in the Pandemic
Learn about retail trends for the upcoming holiday season and how you can bolster sales and minimize virus transmission in your
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Practical Steps Toward Greater Business Resilience
These practical measures can help you make fast, smart decisions to more effectively weather the remainder of the pandemic and the
When is Your Business Ready to Reopen After the Covid Shutdown and How Can You Reopen Safely?
Helping your business survive and keeping your employees safe in these unpredictable times will require a great deal of strategic
COVID-19 Federal Tax Relief for Small Businesses
Due to COVID-19, the government created tax relief changes, including a payroll tax deferral, 3 new business tax credits, and new
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The Coronavirus Economic Impact: Will Business Interruption Insurance Help (& What Are My Other Options)?
The coronavirus outbreak will create serious financial hardship. Here are some resources to help you keep your small business
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Pass-Through Entities Under the Tax Cuts and Jobs Act
Learn the misconceptions about pass-through entities and the effects of the Tax Cuts and Jobs Act on these companies.
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Which State Should You Incorporate In?
Most entrepreneurs incorporate in their home states, but before incorporating in another state, for tax benefits, consider these
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Religious Nonprofit Organizations and Churches
Understanding differences between the terms “churches” and “religious organizations” is important for religious groups seeking 501
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Federal Employer Identification Number: Everything You Need to Know
Understand exactly what a Federal Employer Identification Number (FEIN or EIN) is, why you need one, and how to acquire one for
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Who Does What? Understanding the Professional Roles Within a Corporation
The professional roles within a corporation can be as complex, so it’s easy to get confused (especially when one individual plays
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Do-It-Yourself Checklist to Incorporate Your Business
You can incorporate your business yourself if you don’t want to hire an attorney or a business formation service. Read this step
Balancing Nonprofits and Paid Employees
The key difference between a nonprofit and a for-profit is that with a nonprofit, no proceeds generated by the organization
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The Future of American Business: Benefit Corporations?
Distinct from non-profits, benefit corporations are for-profit companies with a socially-beneficial purpose. Learn more on this
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Writing Your Business Purpose (And Why It Matters)
This article aims to help entrepreneurs better understand the intent and importance of a business purpose, and how to create one.
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What is the Difference between a Nonprofit Organization and a Charity?
How can you determine if a nonprofit is a charity? The answer is reliably found in the organization’s purpose. Read more on the
Directors and Officers: Understanding the Roles of Corporate Management
Understanding the purpose of your board and the roles for directors and officer will help you effectively hit the ground running
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LLCs for Freelancers: Understanding Liability Protection
As a freelancer, you may have heard that forming an LLC provides liability protection. While this is true, it is not an
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9 Legal Steps to Starting Your Own Nonprofit
Starting a nonprofit is like starting any corporation, but there are a few additional steps if you plan to accept donations or
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Understanding Classes of Stock
When starting a corporation, should you issue stock to your shareholders? Learn about types and classes of stock, their unique
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Should You Incorporate Your Business in Another State?
Since where you incorporate can have real ramifications for your company, let’s look at some of the myths and realities of out-of
Nuts and Bolts: Turn Your Hobby In To a Business
Learn how to turn your hobby into a legitimate business via the proper executing special filings, opening accounts and checking
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The Consumer Review Fairness Act & What It Means for Your Business
The Consumer Review Fairness Act (CRFA) took effect, laying out new rules for both businesses and consumers. Learn what it means
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Defining the Series LLC
The series LLC consists of divisions (somewhat like mini-LLCs) under a single master or parent LLC. What purposes do series LLCs
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Is Your Small Business Compliant...with the Payment Card Industry?
This article helps you stay up to date with Payment Card Industry (PCI) standards to ensure your small business is compliant.
Do You Sell Products Online? You Need to Know About Nexus
Every retailer selling goods over state lines should understand modern interpretations of nexus and what it means for their
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How to Properly Dissolve Your LLC
There are many reasons to close your business, not all of which are related to failure. Whatever the cause, there is a proper
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Should You Hire a Registered Agent or Be Your Own?
You can appoint yourself, or in many states, you can appoint your business to be its own registered agent. So, why hire a
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What Employers Need to Know about the Family and Medical Leave Act (FMLA)
Small business employers must meet all obligations to their employees, from benefits to protections. Learn about the Family and
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How to Domesticate Your Business to Another State
To form a business, you must file a charter document with the Secretary of State. But what should you do if you want to move your
Lobbying in the Nonprofit Sector: 501(c)(3) and 501(c)(4) Organizations
The goals of 501(c)(3) public charities often intersect with the desire to influence legislation (also known as lobbying). Learn
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How to Transfer Assets to Your LLC
When you form an LLC, you will need to transfer assets into the company in order to capitalize on the business. Let's look at how
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Nonprofit Purpose and Tax-Exempt Status
For many nonprofits, tax-exempt status is everything. The first step in obtaining tax exemption should be defining your nonprofit
Business Structure: Which Works Best for You
Here are the upsides and downsides to various business structures: Sole Proprietorships, LLCs, C-corps, S-corps and Partnerships.
What to Know Before You Buy a Restaurant
Past success may be a broad indication of future prosperity, but a more detailed evaluation of an existing restaurant is essential
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3 Retirement Options for Small Business Owners
Learn about the retirement plan options well-suited to the small business owner. Find a plan that serves your and your employees’
What are the Qualified Business Deductions Under the Tax Cuts and Jobs Act?
The Tax Cuts and Jobs Act (TCJA) created a new 20% deduction for pass-through entities. Learn about the new rules.
Tax Time: A Guide to Completing the Schedule C
If you operate a sole proprietorship or single-member LLC, make sure you know how to complete the Schedule C Form.
A Guide to the S Corporation
Of all the business entities someone could form, the S corporation is likely the most widely misunderstood. Should you structure
Tax Time Checklist: How to Send 1099s
While there are many different types of 1099s, the one most commonly required and addressed below is the 1099-MISC.
Getting Professional: A guide to forming PLLCs, PAs, and other professional entities
About Professional Business Entities If you are considering forming your business as a professional corporation, professional
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Public Benefit Nonprofit Corporations
A public benefit nonprofit corporation is what people think of when they think nonprofit. It is a charity that is advantageous to
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Foreign Nonprofits: Doing Business Out of State
If your nonprofit corporation is preparing to do business in a new state, you’ll need to register your nonprofit organization as a
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