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Apr 19, 2024 · Looking for a new business opportunity in 2024? Check out this list of 19 profitable small business ideas, from tutoring to life coaching, with tips and resources.
- Kimberlee Leonard
- LLC
- Limited Liability Partnership
- Sole Proprietorship
- Corporation
- Helpful Resources
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An LLC limits your personal liability for business debts. LLCs can be owned by one or more people or companies and must include a registered agent. These owners are referred to as members. Pros 1. LLCs offer liability protection for the owners 2. They’re one of the easiest business entities to set up 3. You can have a single-member LLC Cons 1. You ...
An LLP is similar to an LLCbut is typically used for licensed business professionals such as an attorney or accountant. These arrangements require a partnership agreement. Pros 1. Partners have limited liability for the debts and actions of the LLP 2. LLPs are easy to form and don’t require much paperwork 3. There’s no limit to the number of partne...
If you start a solo business, you might consider a sole proprietorship. The company and the owner, for legal and tax purposes, are considered the same. The business owner assumes liability for the business. So, if the business fails, the owner is personally and financially responsible for all business debts. Pros 1. Sole proprietorships are easy to...
A corporation limits your personal liability for business debts just as an LLC does. A corporation can be taxed as a C corporation (C-corp) or an S corporation (S-corp). S-corpstatus offers pass-through taxation to small corporations that meet certain IRS requirements. Larger companies and startups hoping to attract venture capital are usually taxe...
Learn how to start a business from scratch with this comprehensive guide. Find out how to choose your business concept, research your market, create a plan, fund your business and more.
- Handyman. Are you always fixing things around the house? Often on-call when friends need small projects completed? Create a website, conduct a competitive analysis to determine what your time and expertise are worth, and turn to the friends you’ve helped before for referrals.
- Woodworker. Similarly, if you have a passion for crafting beautiful furniture or other home goods out of wood, that could be a small business niche for you.
- Online Dating Consultant. Dating consultants usually charge for their time. They help people create successful online dating profiles, source possible matches from outside the typical online channels, and offer a level of personalization that a site like Tinder can’t.
- Sewing and Alteration Specialist. People will always need clothing hemmed and buttons mended — and you could be the person to do it. If you love sewing, start by offering simple services like those mentioned above and expand your repertoire to dressmaking and design as you build a customer base and demand.
Oct 27, 2023 · Learn the key steps to start a small business, from market research and business plan to funding and legal requirements. Find out how to understand your target audience, assess market trends and opportunities, and register your business.
- Dorothy Neufeld
- Accounting and bookkeeping. Are you a licensed CPA or a business accounting software wizard? Use your expertise to help other entrepreneurs keep their personal and business finances in order.
- Business consulting. If you’ve been in the business world for a long time, folks might be clamoring for your knowledge and expertise within your industry.
- Marketing services. As an independent marketing professional, you can work with small businesses who don’t have the in-house bandwidth to execute their marketing plans.
- Real estate business. If property is your passion, start your own real estate agency, working with businesses or private citizens to find the office space, house or apartment that's right for them.
Learn how to create a website, social media presence, online store, and ads for your new business. Get tips, offers, and insights from Google and its partners to grow your online presence.
Feb 21, 2024 · Looking for inspiration to start a business in 2024? Check out this list of 40 ideas that range from educational content to food waste solutions. Learn how to capitalize on trends, solve problems and meet demands in various markets.
