Blog posts tagged with "Startup Business"

Starting a new business in the United States is tough. In fact, just half of businesses with employees last for more than five years. The reason for this is that many of these businesses simply don’t have enough cash on hand to pay their expenses.

If you own a company with your business partner, opening a joint bank account may sound like a good idea. It’s convenient, consolidates your finances, and you can both access it freely. Still, that doesn’t mean opening a joint account is a no-brainer.

Many people know Oregon for its diverse landscape, temperate climate, never-ending breweries, and of course – the quirky city of Portland. Oregon also boasts over 320,000 small businesses and is home to household brands like Nike, Adidas, Precision Castparts, and Columbia Sportswear.

A loan is a loan, right? Well, in principle it is, but when it comes to the loan process, you may be faced with the decision of applying for a business or personal loan.

According to the National Association of Women Business Owners, there are more than 11.6 million woman-owned businesses. However, women in business also face significant challenges in comparison to male entrepreneurs. These challenges include lack of funding, limited knowledge, and fear of failure.

One of the many decisions you’ll make when starting your own business is picking your title. In some cases, your legal title may be determined by your business structure. For example, if you form a limited liability company (LLC), you’re legally considered a managing member. However, the title you use on your business cards and stationary is completely up to you.

Starting a business is challenging but doing it in the right location can help. Whether you’re launching a tech startup or opening an art gallery, Washington State offers business owners a little bit of everything. It’s not a bad place to live, either. In fact, U.S. News & World Report ranked Washington first overall on its Best States 2019 list.

Many of the most successful entrepreneurs are avid readers. For example, Warren Buffett spends up to 80 percent of his day reading. Bill Gates reads one book a week. Tesla’s Elon Musk is a fervent reader. The list goes on!

Imagine a world without successful companies Uber, Netflix, or Amazon. Most likely, you can’t, because these brands have become so ingrained in our daily lives that it’s hard to remember a time when they didn’t exist.

To say that the ownership structure of your business has significant implications would be an understatement. This is because ownership structures influence operations, tax treatment, and your personal liability for business debts.