6 min read
How to Build Business Credit: A Step-by-Step Guide for Solopreneurs
Reviewed by: Ran Harpaz From formation to financing, see how S-Corp solopreneurs can build business credit that protects personal assets and paves the way...
Have questions? Looking for answers? You can find them here.
6 min read
Reviewed by: Ran Harpaz From formation to financing, see how S-Corp solopreneurs can build business credit that protects personal assets and paves the way...
6 min read
Reviewed by: Ran Harpaz What is equity in business? It's everything your business owns minus what it owes. Understanding equity helps you make smarter...
8 min read
Reviewed by: Mark Rose Yes, you can elect S Corp status mid-year, and for solopreneurs earning $80,000+, it's a smart move that starts saving you...
5 min read
While “new year, new finances” probably doesn’t top your list of new year mantras, it’s an undeniably helpful mindset to have as a solo business owner....
5 min read
If you’re feeling a little off balance in your solo business, you’re not alone—there’s a lot of change and upheaval right now.
5 min read
You know firsthand that running a solo business means wearing every hat—and that includes CFO. Yet, for most solopreneurs, planning and managing their...
6 min read
Reviewed by: Alex Zelaya S Corp owners can unlock substantial tax savings by expertly balancing their salary with distributions, allowing them to sidestep...
7 min read
Reviewed by: Mark Rose By default, a single-member LLC is a 'disregarded entity,' providing solopreneurs with liability protection while allowing them to...
4 min read
Reviewed by: Natalia Budyldina A balance sheet isn't exclusive to large corporations; freelancers and creatives can gain invaluable insight into their...
5 min read
Reviewed by: Natalia Budyldina Learning how to calculate gross margin gives solopreneurs instant clarity on their business’s profitability. This simple...
6 min read
Reviewed by: Natalia Budyldina As an S Corp owner, optimizing your salary-to-distribution split can lead to significant tax savings, reducing your...
5 min read
Reviewed by: Ran Harpaz The CP-575 letter, your IRS-issued confirmation of your Employer Identification Number (EIN), serves as your business's official...
5 min read
Reviewed by: Mark Rose Missing the March 15 S Corp deadline triggers automatic penalties of $245 per shareholder per month — potentially costing solo...
8 min read
Reviewed by: Mark Rose Sole proprietorship vs S Corp comes down to one thing: keeping more of what you earn. As a sole proprietor, you pay self-employment...
6 min read
Reviewed by: Mark Rose For most solopreneurs, understanding your fiscal year is straightforward: the IRS typically requires using a calendar year (January...