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USA Startup Package Thank You Page
USA Startup Package Thank You Page
Thank you for your interest in our USA Startup Package. Your information request has been received and we will contact you as soon as possible.
The post USA Startup Package Thank You Page appeared first on Strategik Startup.
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USA Startup Package
USA Business Startup Package
Strategik Startup offers USA residents, Non-USA residents and foreign corporations wishing to operate in the USA a complete business Startup Package.
Our USA Business Startup Package includes:
Registration of a new company in the USA USA Business Address for the new company x 1 year USA Registered Agent service for 1 year USA Business Phone Number 5 Page Website Domain Registration x 1 year USA hosting x 1 year Facebook Business Page Google My Business Page Twitter Account
Company Registration (Incorporation)
Incorporating your business may lead to lower taxes depending on your particular situation and on the state in which you operate. Once the business generates more income than you need for your living expenses, incorporating can save you money.
USA Business Address
Any business registered in the USA must have a registered address in the state of registration. As a part of our USA Startup Package, we will provide your new USA corporation with a business registered address and all services related to business registered address, including notification and mail forwarding.
USA Business Registered Agent
A registered agent, such as Strategik Startup, acts as a registered address of the corporation in the state of incorporation.
The registered agent provides a registered address for the receipt of service of government filings (and in certain cases legal papers) and acts as a local contact for government agencies. The registered agent forwards any such documents and correspondence to the corporation. Corporations often use a professional registered agent to maintain crucial documents sent from government departments or other agencies separate from other corporate correspondence. Strategik Startup can provide registered agent services in all states.
This package also includes:
USA Virtual Business Phone Number x 1 Year 5 Page Website Domain Registration x 1 year Hosting x 1 year Facebook Business Page Google My Business Page Twitter Account
Price
$2.500
For more information about our USA Business Startup Package please use the form below
* indicates required field
Name:*
Email:*
Subject:*
Message:*
The post USA Startup Package appeared first on Strategik Startup.
from Strategik Startup http://ift.tt/2uTxJ2s
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USA Startup Package Thank You Page
USA Startup Package Thank You Page
Thank you for your interest in our USA Startup Package. Your information request has been received and we will contact you as soon as possible.
The post USA Startup Package Thank You Page appeared first on Strategik Startup.
from Strategik Startup http://ift.tt/2vMj6PP
0 notes
Text
USA Startup Package
USA Business Startup Package
Strategik Startup offers USA residents, Non-USA residents and foreign corporations wishing to operate in the USA a complete business Startup Package.
Our USA Business Startup Package includes:
Registration of a new company in the USA USA Business Address for the new company x 1 year USA Registered Agent service for 1 year USA Business Phone Number 5 Page Website Domain Registration x 1 year USA hosting x 1 year Facebook Business Page Google My Business Page Twitter Account
Company Registration (Incorporation)
Incorporating your business may lead to lower taxes depending on your particular situation and on the state in which you operate. Once the business generates more income than you need for your living expenses, incorporating can save you money.
USA Business Address
Any business registered in the USA must have a registered address in the state of registration. As a part of our USA Startup Package, we will provide your new USA corporation with a business registered address and all services related to business registered address, including notification and mail forwarding.
USA Business Registered Agent
A registered agent, such as Strategik Startup, acts as a registered address of the corporation in the state of incorporation.
The registered agent provides a registered address for the receipt of service of government filings (and in certain cases legal papers) and acts as a local contact for government agencies. The registered agent forwards any such documents and correspondence to the corporation. Corporations often use a professional registered agent to maintain crucial documents sent from government departments or other agencies separate from other corporate correspondence. Strategik Startup can provide registered agent services in all states.
This package also includes:
USA Virtual Business Phone Number x 1 Year 5 Page Website Domain Registration x 1 year Hosting x 1 year Facebook Business Page Google My Business Page Twitter Account
Price
$2.500
For more information about our USA Business Startup Package please use the form below
* indicates required field
Name:*
Email:*
Subject:*
Message:*
The post USA Startup Package appeared first on Strategik Startup.
from Strategik Startup http://ift.tt/2uTxJ2s
0 notes
Text
How Do I Make My Quarterly Tax Payments if I am Self-Employed
How Do I Make My Quarterly Tax Payments if I am Self-Employed
Estimated tax is the method used to pay Social Security and Medicare taxes and income tax because you do not have an employer withholding these taxes for you. Form 1040-ES, Estimated Tax for Individuals (PDF), is used to figure these taxes. Form 1040-ES contains a worksheet that is similar to Form 1040. You will need your prior year’s annual tax return in order to fill out Form 1040-ES.
Use the worksheet found in Form 1040-ES, Estimated Tax for Individuals to find out if you are required to file quarterly estimated tax.
Form 1040-ES also contains blank vouchers you can use when you mail your estimated tax payments or you may make your payments using the Electronic Federal Tax Payment System (EFTPS). If this is your first year being self-employed, you will need to estimate the amount of income you expect to earn for the year. If you estimated your earnings too high, simply complete another Form 1040-ES worksheet to refigure your estimated tax for the next quarter. If you estimated your earnings too low, again complete another Form 1040-ES worksheet to recalculate your estimated taxes for the next quarter.
The post How Do I Make My Quarterly Tax Payments if I am Self-Employed appeared first on Strategik Startup.
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What are My Self-Employed Tax Obligations?
What are My Self-Employed Tax Obligations?
As a self-employed individual, generally you are required to file an annual return and pay estimated tax quarterly.
Self-employed individuals generally must pay self-employment tax (SE tax) as well as income tax. SE tax is a Social Security and Medicare tax primarily for individuals who work for themselves. It is similar to the Social Security and Medicare taxes withheld from the pay of most wage earners. In general, anytime the wording “self-employment tax” is used, it only refers to Social Security and Medicare taxes and not any other tax (like income tax).
Before you can determine if you are subject to self-employment tax and income tax, you must figure your net profit or net loss from your business. You do this by subtracting your business expenses from your business income. If your expenses are less than your income, the difference is net profit and becomes part of your income on page 1 of Form 1040. If your expenses are more than your income, the difference is a net loss. You usually can deduct your loss from gross income on page 1 of Form 1040. But in some situations your loss is limited.
The post What are My Self-Employed Tax Obligations? appeared first on Strategik Startup.
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Who is Self-Employed?
Who is Self-Employed?
Generally, you are self-employed if any of the followings apply to you:
You carry on a trade or business as a sole proprietor or an independent contractor. You are a member of a partnership that carries on a trade or business. You are otherwise in business for yourself (including a part-time business)
The post Who is Self-Employed? appeared first on Strategik Startup.
from Strategik Startup http://ift.tt/2oioo4L
0 notes
Text
How Do I Make My Quarterly Tax Payments if I am Self-Employed
How Do I Make My Quarterly Tax Payments if I am Self-Employed
Estimated tax is the method used to pay Social Security and Medicare taxes and income tax because you do not have an employer withholding these taxes for you. Form 1040-ES, Estimated Tax for Individuals (PDF), is used to figure these taxes. Form 1040-ES contains a worksheet that is similar to Form 1040. You will need your prior year’s annual tax return in order to fill out Form 1040-ES.
Use the worksheet found in Form 1040-ES, Estimated Tax for Individuals to find out if you are required to file quarterly estimated tax.
Form 1040-ES also contains blank vouchers you can use when you mail your estimated tax payments or you may make your payments using the Electronic Federal Tax Payment System (EFTPS). If this is your first year being self-employed, you will need to estimate the amount of income you expect to earn for the year. If you estimated your earnings too high, simply complete another Form 1040-ES worksheet to refigure your estimated tax for the next quarter. If you estimated your earnings too low, again complete another Form 1040-ES worksheet to recalculate your estimated taxes for the next quarter.
The post How Do I Make My Quarterly Tax Payments if I am Self-Employed appeared first on Strategik Startup.
from Strategik Startup http://ift.tt/2oietfb
0 notes
Text
What are My Self-Employed Tax Obligations?
What are My Self-Employed Tax Obligations?
As a self-employed individual, generally you are required to file an annual return and pay estimated tax quarterly.
Self-employed individuals generally must pay self-employment tax (SE tax) as well as income tax. SE tax is a Social Security and Medicare tax primarily for individuals who work for themselves. It is similar to the Social Security and Medicare taxes withheld from the pay of most wage earners. In general, anytime the wording “self-employment tax” is used, it only refers to Social Security and Medicare taxes and not any other tax (like income tax).
Before you can determine if you are subject to self-employment tax and income tax, you must figure your net profit or net loss from your business. You do this by subtracting your business expenses from your business income. If your expenses are less than your income, the difference is net profit and becomes part of your income on page 1 of Form 1040. If your expenses are more than your income, the difference is a net loss. You usually can deduct your loss from gross income on page 1 of Form 1040. But in some situations your loss is limited.
The post What are My Self-Employed Tax Obligations? appeared first on Strategik Startup.
from Strategik Startup http://ift.tt/2nCz8Yr
0 notes
Text
Who is Self-Employed?
Who is Self-Employed?
Generally, you are self-employed if any of the followings apply to you:
You carry on a trade or business as a sole proprietor or an independent contractor. You are a member of a partnership that carries on a trade or business. You are otherwise in business for yourself (including a part-time business)
The post Who is Self-Employed? appeared first on Strategik Startup.
from Strategik Startup http://ift.tt/2oioo4L
0 notes
Text
The 5-Hour Rule That Turns Ordinary People Into Successful Ones
You work hard day after day, but never see any long-term improvement. You feel trapped at your current level, unable to move forward or progress. You see friends and colleagues moving on and getting promoted, and wonder what’s different about you.
If this sounds like you, then you need to start using the 5-hour rule. Followed by successful people around the world, including Bill Gates, Oprah Winfrey, and Mark Zuckerberg, this simple rule can help you transform from ordinary to successful.[1]
Read on to find out exactly what the rule involves and how you can implement it in your own life.
Spend 5 Hours A Week On Deliberate Learning
The 5-hour rule involves spending five hours a week, or one hour each working day, focused on deliberate learning. This means setting aside time to give your full attention to learning and development, without getting distracted by other work. This learning can take different forms and a mix of these will give you the most well-rounded experience.
Reading
Reading is a habit of many highly successful people and is an easy and convenient way to learn. Try keeping a book in your bag at all times and setting yourself up with reading goals each week. You could aim to read a chapter a day or a certain number of books each month. The wide availability of eBooks makes reading on almost any topic possible wherever you are. Bill Gates is a famous advocate of reading and reads around 50 books each year, crediting it as one of the main ways that he learns.[2]
Reflection
Reflection is a key part of learning. Trying to consume too much information without reflecting on it can lead you to feel overwhelmed and prevents you from picking up new skills. It’s important that your reflection time is structured, or you could get distracted. Try keeping a journal, which will allow you to reflect on what you’ve learned through reading. It will also give you the chance to think about lessons you’ve recently learned during work and develop ideas you have for the future.
Experimentation
Experimentation is essential if you want to progress in life. Set aside some time each week to test out new theories or ideas, no matter how crazy they are. Some of the most successful products in the world have come about as a result of experimentation. Innovation never comes from doing the same thing over and over. Even if your experiment fails, you’ll have learned valuable lessons.
Don’t Confuse Working With Learning
It’s easy to confuse working with learning, and this is how you can end up feeling stuck. You might think that working for 40 hours a week should be enough for you to see improvement, but that’s rarely the case. While you’re focused on day-to-day problems, you’re not giving yourself time to develop and grow. The 5-hour rule is about deliberate learning, not about going to work everyday and hoping you might learn something. Set yourself specific learning goals and give yourself time to achieve them, and you’ll see a vast amount of improvement.
Focus On Improvement, Not Just Productivity
You might believe that the more productive you are, the more successful you’ll be. Productivity plays a role in success, but it’s nothing without lifelong learning. If you’re constantly focused on your current work, rather than on long-term self-improvement, you’ll never see much development. It can be hard to allow yourself five hours a week for learning that doesn’t come with an immediate reward, but you’ll thank yourself for it in the long run. Try to look beyond your daily paycheck and dedicate time to becoming the best possible version of yourself instead.
Take inspiration from some of the world’s most successful entrepreneurs and spend 5-hours a week on deliberate learning. You’ll soon be light years ahead of your friends and colleagues, and well on your way to success.
The power of the five-hour rule: improvement rate
People who apply the five-hour rule in the world of work have an advantage. The idea of deliberate practice is often confused with just working hard. Also, most professionals focus on productivity and efficiency, not on improvement. As a result, just five hours of deliberate learning a week can set you apart.
Billionaire entrepreneur Marc Andreessen poignantly talked about improvement rate in a recent interview. “I think the archetype/myth of the 22-year-old founder has been blown completely out of proportion … I think skill acquisition, literally the acquisition of skills and how to do things, is just dramatically underrated. People are overvaluing the value of just jumping into the deep end of the pool, because the reality is that people who jump into the deep end of the pool drown. There’s a reason there are so many stories about Mark Zuckerberg. There aren’t that many Mark Zuckerbergs. Most of them are still floating face down in the pool. And so, for most of us, it’s a good idea to get skills.”
Later in the interview he adds, “The really great CEOs, if you spend time with them–you would find this to be true of Mark [Zuckerberg] today or of any of the great CEOs of today or the past–they are really encyclopedic in their knowledge of how to run a company, and it’s very hard to just intuit all of that in your early 20s. The path that makes much more sense for most people is to spend five to 10 years getting skills.”
We should look at the five-hour rule the same way we look at exercise
We need to move beyond the cliché, “Lifelong learning is good,” and think more deeply about the minimum amount of learning the average person should do per day to have a sustainable and successful career.
Just as we have minimum recommended dosages of vitamins and steps per day and of aerobic exercise for leading a healthy life physically, we should be more rigorous about how we as an information society think about the minimum doses of deliberate learning for leading a healthy life economically.
The long-term effects of not learning are just as insidious as the long-term effects of not having a healthy lifestyle. The CEO of AT&T makes this point loud and clear in an interview with The New York Times; he says that those who don’t spend at least five to 10 hours a week learning online “will obsolete themselves with technology.”
By Eloise Best, Shared from: LifeHack.org
ONLINE LLC REGISTRATION SERVICE $99
STRATEGIK Business Entity Formation & Corporate Services provides fast and easy USA Online LLC Registration Service and provides FREE of charge all the documents your new USA Limited Liability Company will need to stay up-to-date and in compliance with your state statutes. When you register your new LLC with STRATEGIK Business Entity Formation & Corporate Services, we will take care of all the process for you.
Our LLC Registration Service Includes:
Receipt and review of your LLC registration information. LLC Name Search. Preparation and filing of Articles of Organization Preparation of Organizational Minutes – covering the election of directors and officers, issuing shares, the form of share certificates and fixing the number of directors. Preparation of operating agreement. Issue membership shares Membership interest transfers records book Bylaws and meeting minutes
Register today online your new LLC, secure, fast and easy. Click here to register now
The post The 5-Hour Rule That Turns Ordinary People Into Successful Ones appeared first on Strategik Startup.
from Strategik Startup http://ift.tt/2lhox7h
0 notes
Text
The 5-Hour Rule That Turns Ordinary People Into Successful Ones
You work hard day after day, but never see any long-term improvement. You feel trapped at your current level, unable to move forward or progress. You see friends and colleagues moving on and getting promoted, and wonder what’s different about you.
If this sounds like you, then you need to start using the 5-hour rule. Followed by successful people around the world, including Bill Gates, Oprah Winfrey, and Mark Zuckerberg, this simple rule can help you transform from ordinary to successful.[1]
Read on to find out exactly what the rule involves and how you can implement it in your own life.
Spend 5 Hours A Week On Deliberate Learning
The 5-hour rule involves spending five hours a week, or one hour each working day, focused on deliberate learning. This means setting aside time to give your full attention to learning and development, without getting distracted by other work. This learning can take different forms and a mix of these will give you the most well-rounded experience.
Reading
Reading is a habit of many highly successful people and is an easy and convenient way to learn. Try keeping a book in your bag at all times and setting yourself up with reading goals each week. You could aim to read a chapter a day or a certain number of books each month. The wide availability of eBooks makes reading on almost any topic possible wherever you are. Bill Gates is a famous advocate of reading and reads around 50 books each year, crediting it as one of the main ways that he learns.[2]
Reflection
Reflection is a key part of learning. Trying to consume too much information without reflecting on it can lead you to feel overwhelmed and prevents you from picking up new skills. It’s important that your reflection time is structured, or you could get distracted. Try keeping a journal, which will allow you to reflect on what you’ve learned through reading. It will also give you the chance to think about lessons you’ve recently learned during work and develop ideas you have for the future.
Experimentation
Experimentation is essential if you want to progress in life. Set aside some time each week to test out new theories or ideas, no matter how crazy they are. Some of the most successful products in the world have come about as a result of experimentation. Innovation never comes from doing the same thing over and over. Even if your experiment fails, you’ll have learned valuable lessons.
Don’t Confuse Working With Learning
It’s easy to confuse working with learning, and this is how you can end up feeling stuck. You might think that working for 40 hours a week should be enough for you to see improvement, but that’s rarely the case. While you’re focused on day-to-day problems, you’re not giving yourself time to develop and grow. The 5-hour rule is about deliberate learning, not about going to work everyday and hoping you might learn something. Set yourself specific learning goals and give yourself time to achieve them, and you’ll see a vast amount of improvement.
Focus On Improvement, Not Just Productivity
You might believe that the more productive you are, the more successful you’ll be. Productivity plays a role in success, but it’s nothing without lifelong learning. If you’re constantly focused on your current work, rather than on long-term self-improvement, you’ll never see much development. It can be hard to allow yourself five hours a week for learning that doesn’t come with an immediate reward, but you’ll thank yourself for it in the long run. Try to look beyond your daily paycheck and dedicate time to becoming the best possible version of yourself instead.
Take inspiration from some of the world’s most successful entrepreneurs and spend 5-hours a week on deliberate learning. You’ll soon be light years ahead of your friends and colleagues, and well on your way to success.
The power of the five-hour rule: improvement rate
People who apply the five-hour rule in the world of work have an advantage. The idea of deliberate practice is often confused with just working hard. Also, most professionals focus on productivity and efficiency, not on improvement. As a result, just five hours of deliberate learning a week can set you apart.
Billionaire entrepreneur Marc Andreessen poignantly talked about improvement rate in a recent interview. “I think the archetype/myth of the 22-year-old founder has been blown completely out of proportion … I think skill acquisition, literally the acquisition of skills and how to do things, is just dramatically underrated. People are overvaluing the value of just jumping into the deep end of the pool, because the reality is that people who jump into the deep end of the pool drown. There’s a reason there are so many stories about Mark Zuckerberg. There aren’t that many Mark Zuckerbergs. Most of them are still floating face down in the pool. And so, for most of us, it’s a good idea to get skills.”
Later in the interview he adds, “The really great CEOs, if you spend time with them–you would find this to be true of Mark [Zuckerberg] today or of any of the great CEOs of today or the past–they are really encyclopedic in their knowledge of how to run a company, and it’s very hard to just intuit all of that in your early 20s. The path that makes much more sense for most people is to spend five to 10 years getting skills.”
We should look at the five-hour rule the same way we look at exercise
We need to move beyond the cliché, “Lifelong learning is good,” and think more deeply about the minimum amount of learning the average person should do per day to have a sustainable and successful career.
Just as we have minimum recommended dosages of vitamins and steps per day and of aerobic exercise for leading a healthy life physically, we should be more rigorous about how we as an information society think about the minimum doses of deliberate learning for leading a healthy life economically.
The long-term effects of not learning are just as insidious as the long-term effects of not having a healthy lifestyle. The CEO of AT&T makes this point loud and clear in an interview with The New York Times; he says that those who don’t spend at least five to 10 hours a week learning online “will obsolete themselves with technology.”
By Eloise Best, Shared from: LifeHack.org
ONLINE LLC REGISTRATION SERVICE $99
STRATEGIK Business Entity Formation & Corporate Services provides fast and easy USA Online LLC Registration Service and provides FREE of charge all the documents your new USA Limited Liability Company will need to stay up-to-date and in compliance with your state statutes. When you register your new LLC with STRATEGIK Business Entity Formation & Corporate Services, we will take care of all the process for you.
Our LLC Registration Service Includes:
Receipt and review of your LLC registration information. LLC Name Search. Preparation and filing of Articles of Organization Preparation of Organizational Minutes – covering the election of directors and officers, issuing shares, the form of share certificates and fixing the number of directors. Preparation of operating agreement. Issue membership shares Membership interest transfers records book Bylaws and meeting minutes
Register today online your new LLC, secure, fast and easy. Click here to register now
The post The 5-Hour Rule That Turns Ordinary People Into Successful Ones appeared first on Strategik Startup.
from Strategik Startup http://ift.tt/2lhox7h
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How to Regain Control Of Your Small Business finances
Are you a small business owner that’s buried under piles of disorganized invoices and receipts? It’s time to take control of your finances and avoid simple accounting errors that can end with disastrous results.
These tips will help you reign in your small business finances, so you can be more organized and focus on other priorities.
As your business grows, so will your financial needs.
1. Keep Personal And Business Finances Separate
One of the most tempting traps a small business owner can fall into is combining personal and business finances. Especially if you are your only employee, it can be easy to just leave the separating of finances until tax time — except you are opening up a lot of room for error. Another reason to keep your finances separate is that most banks offer different incentives for businesses than they do for personal accounts. This can impact everything from the type of rewards you get on a credit card, to the loan rates you are eligible for should you need to obtain financing.
2. Get Online
While pen-and-paper accounting used to be the norm, nowadays if you aren’t taking advantage of some of the online tools readily available to keep your finances straight you’re missing out on ease and accuracy. Find a business bank account that lets you access all of your information and banking needs online so that everyone on your team is always aware of your financial picture. You can even go another step and take advantage of online tools that offer you the ability to maintain finances, analyze them, and ensure that you are always ahead of the game.
3. Know What Is Coming In (And Going Out)
Getting paid will always be a major concern when you are handling business finances, but particularly for new businesses, this can be a challenging reality to face. It is essential to have a process that tracks your incoming payments, so you can ensure that you never miss an outstanding payment. Tracking down old customers is both a hassle and can run you the risk of appearing unprofessional, so it is crucial that whoever on your team is responsible for processing payments knows every job detail so they can verify that payments have been made.
Knowing what is coming in will also help you plan for the money you have to spend. If you don’t have a way of tracking incoming payments, you can quickly find that you are unable to make outgoing payments — which can be a tricky spot to get out of, particularly if you are a new business with new credit.
4. Get Some Help
If it feels too overwhelming to address your business finances, don’t be afraid to ask for help. Hiring an accountant can be a great way to set processes for handling your finances, and will be the quickest way for you to understand your business’s entire financial picture. The great thing about accountants is that you won’t have to hire a full-time staff member for these benefits; you can use an accountant for help when you need them.
Shared from: seacoastbank.com
ONLINE LLC REGISTRATION SERVICE $99
STRATEGIK Business Entity Formation & Corporate Services provides fast and easy USA Online LLC Registration Service and provides FREE of charge all the documents your new USA Limited Liability Company will need to stay up-to-date and in compliance with your state statutes. When you register your new LLC with STRATEGIK Business Entity Formation & Corporate Services, we will take care of all the process for you.
Our LLC Registration Service Includes:
Receipt and review of your LLC registration information. LLC Name Search. Preparation and filing of Articles of Organization Preparation of Organizational Minutes – covering the election of directors and officers, issuing shares, the form of share certificates and fixing the number of directors. Preparation of operating agreement. Issue membership shares Membership interest transfers records book Bylaws and meeting minutes
Register today online your new LLC, secure, fast and easy. Click here to register now
The post How to Regain Control Of Your Small Business finances appeared first on Strategik Startup.
from Strategik Startup http://ift.tt/2lOT1uc
0 notes
Text
How to Regain Control Of Your Small Business finances
Are you a small business owner that’s buried under piles of disorganized invoices and receipts? It’s time to take control of your finances and avoid simple accounting errors that can end with disastrous results.
These tips will help you reign in your small business finances, so you can be more organized and focus on other priorities.
As your business grows, so will your financial needs.
1. Keep Personal And Business Finances Separate
One of the most tempting traps a small business owner can fall into is combining personal and business finances. Especially if you are your only employee, it can be easy to just leave the separating of finances until tax time — except you are opening up a lot of room for error. Another reason to keep your finances separate is that most banks offer different incentives for businesses than they do for personal accounts. This can impact everything from the type of rewards you get on a credit card, to the loan rates you are eligible for should you need to obtain financing.
2. Get Online
While pen-and-paper accounting used to be the norm, nowadays if you aren’t taking advantage of some of the online tools readily available to keep your finances straight you’re missing out on ease and accuracy. Find a business bank account that lets you access all of your information and banking needs online so that everyone on your team is always aware of your financial picture. You can even go another step and take advantage of online tools that offer you the ability to maintain finances, analyze them, and ensure that you are always ahead of the game.
3. Know What Is Coming In (And Going Out)
Getting paid will always be a major concern when you are handling business finances, but particularly for new businesses, this can be a challenging reality to face. It is essential to have a process that tracks your incoming payments, so you can ensure that you never miss an outstanding payment. Tracking down old customers is both a hassle and can run you the risk of appearing unprofessional, so it is crucial that whoever on your team is responsible for processing payments knows every job detail so they can verify that payments have been made.
Knowing what is coming in will also help you plan for the money you have to spend. If you don’t have a way of tracking incoming payments, you can quickly find that you are unable to make outgoing payments — which can be a tricky spot to get out of, particularly if you are a new business with new credit.
4. Get Some Help
If it feels too overwhelming to address your business finances, don’t be afraid to ask for help. Hiring an accountant can be a great way to set processes for handling your finances, and will be the quickest way for you to understand your business’s entire financial picture. The great thing about accountants is that you won’t have to hire a full-time staff member for these benefits; you can use an accountant for help when you need them.
Shared from: seacoastbank.com
ONLINE LLC REGISTRATION SERVICE $99
STRATEGIK Business Entity Formation & Corporate Services provides fast and easy USA Online LLC Registration Service and provides FREE of charge all the documents your new USA Limited Liability Company will need to stay up-to-date and in compliance with your state statutes. When you register your new LLC with STRATEGIK Business Entity Formation & Corporate Services, we will take care of all the process for you.
Our LLC Registration Service Includes:
Receipt and review of your LLC registration information. LLC Name Search. Preparation and filing of Articles of Organization Preparation of Organizational Minutes – covering the election of directors and officers, issuing shares, the form of share certificates and fixing the number of directors. Preparation of operating agreement. Issue membership shares Membership interest transfers records book Bylaws and meeting minutes
Register today online your new LLC, secure, fast and easy. Click here to register now
The post How to Regain Control Of Your Small Business finances appeared first on Strategik Startup.
from Strategik Startup http://ift.tt/2lOT1uc
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How to start a small business in Florida
Congratulations future small business owners, you’ve completed the first step of officially becoming an entrepreneur – which is making the commitment to transform your passionate idea into an actual business entity.
You may be starting part-time or full-time, but choosing “The Sunshine State” of Florida as your home base offers so many opportunities that entrepreneurs can use to your advantage to turn your great idea into a thriving business. With the right preparation and motivation, your business can be a part of the growing long-term survival rate (currently starting at 33% according to the Bureau of Labor Statistics) of small businesses that are expected to survive the next 10 years.
Getting Started
Before exploring the industry specifications and general steps needed to start a new business in Florida, take time to be realistic about your motivation and level of commitment to making your business succeed.
At least 36% of small business owners said the hardest part of the ownership process is taking the critical first step of commitment seriously, according to the 2013 UPS Store Small Business Survey. The sooner business owners were able to start putting their business plans into action, the more likely they are to limit the competition being added to their market.
The same survey shows that there are 48% of Americans dreaming of starting their own business, and of the 31% of Americans starting their businesses each month, it’s taking at least two years (51%) to five years (31%) to put their plans into concrete action.
While you might not be able to start your business full time after constructing the vision of your business, there is an 18% competitive advantage over fellow new owners in taking action towards those goals as soon as possible.
In 2010, 50% of small business owners in the country reported full time work through their business, while 20% maintained part time status outside of their business to maintain a healthy income. Whichever route is best or feasible to get your start-up going, know that they both still take 100% commitment to succeed.
Understanding your motivation in seeing your new small business succeed can encourage you to cut down on the prolonging of the process, and move on more quickly to the next steps for better profitability.
Reasons Why Small Business Owners Start Their Business
At least 62% of surveyed small business owners stated that they started their business to pursue a personal passion. A few other popular reasons included the flexibility entrepreneurship allows (50%), and also the ability to control your own career (59%). Let your personal “why” factor encourage you to join the 2.3 million Florida Small Business Owners with a strong plan of success.
Create A Plan / Know Your Industry
In the beginning stages, successful entrepreneurship is about being smart, not rich. Creating an effective business plan will allow you to develop increased knowledge of your specific industry, understand your opportunities, and identify solutions for potential hurdles. The business plan is also the key factor for gaining new investors, partnerships, securing financing, and establishing your new brand.
The Main Components of a Successful Small Business Plan
Business Concept.
This is a clear statement of the mission of your business. Everything that your business accomplishes must align with the goal outlined within the business concept.
Self-Assessment.
This is the internal part of the process that you have most likely started before even getting to the business plan. This is putting your commitment to the company’s mission in stone. Highlight in this section what makes you qualified both on a professional and personal level including business experience, personal industry knowledge, and past assets that can be of use.
Creating a new business entity is similar to taking care of a child. There is a reason that 50% of entrepreneurs agree starting a business should be the main focus of their lives to see it mature as a healthy addition to the community.
In addition, a strong self-assessment can often be a key factor in convincing others of the strength of your business and what you bring to the table as the owner. It can also help clarify characteristics and experience needed if you’re considering adding a potential business partner or qualified employees to start out on the right foot.
Market Assessment.
Showcase your knowledge of the marketplace and environment your business will live in. Being able to clearly identify your target market and competitors will help you identify niches in the market and also give other professionals an understanding of why your business can succeed.
How your business plans on acquiring new customers and keep their business is another vital part to this component of the business plan. Within the next 2 years, at least 18% of small business owners have stated that their biggest concern for the future of the business will depend on the new marketing technologies and mobile search capabilities, rather than the state of the economy.
This could also be linked to owners reporting the power of word of mouth for their local small businesses, which is about 40% (a 25% increase from 2008) of their business referrals due to social media. These statistics support why there has been a 21% increase in entrepreneurs attributing part of their success to simply being a locally owned business in the area.
Showing the potential for local community support in the Florida area can help secure loans and additional funding needed by financial institutions to support you, especially if your business finances are maintained through a local community bank.
Financial Assessment.
This is an honest breakdown of what your company will charge for services and goods sold, and the margin of cost. For the first few years of business, this will shape the operation and future growth potential of your business based on the local community and general industry trends.
Creating a detailed plan is a somewhat optional step, but research has indicated that a business plan doubles your chance of success in meeting specific business goals.
Survey of Entrepreneurs Without a Business Plan
18% Received a Loan 18% Acquired Investment Capital 43% Were Able to Grow Their Company
Survey of Entrepreneurs With a Business Plan
36% Received a Loan 36% Acquired Investment Capital 64% Were Able to Grow Their Company
Florida Business Plan Resources
The Florida Trend
Offers great tips and resources for creating a custom business plan. They also offer details about properly structuring the document, along with further resources that both novices and seasoned professionals can utilize for research.
The Small Business Administration
The national organization has a small business planner tool that is free for business owners to use while working on their plan. The site takes owners step-by-step throughout the planning process. Some benefits to using this tool are how it allows users to save their plan online through a secure database. This lets users have freedom in working on it safely from any location without it potentially getting deleted or lost. Users can also work on it at their own pace and save as they go.
Acquire Legal Documentation
The biggest difference in being a small business owner and not an employee is the responsibility that comes with running the business successfully and ethically. That means ensuring that you’ve acquired the appropriate licenses, government certifications, and tax documentation. These all vary depending on industries and business models, but obtaining a mentor for advice can be a great asset when figuring out what legal documents are necessary.
Documentation will also depend on what type of business entity you will operate under. This area can change later as your business grows in scale, but starting with the right model can save your business quite a bit of money in fees and sometimes time-consuming legal processes.
Register Your Business.
Pick a business name and incorporation status with The Florida Department of State Division of Corporations, which is nicknamed “Sunbiz”. This site will let you register your business and allow you to officially start the process of becoming a legal entity, and explain the available statuses to understand which is best for your operation.
Establish Taxable Entity With the IRS & State of Florida.
The Division of Library and Information Services provides references to obtain a Tax Identification Number (EIN Number) from the IRS so your business can file appropriately with the government and links to employment taxes that may be required for conducting your business in Florida. Failure to register properly can affect your business financially and immediately end operation. The Florida Small Business Development Center can be a great resource for understanding this process.
Obtain Permits and Licensing.
Different entities require different permits necessary for operation. Gaining advice from a trusted resource can help new owners navigate this process. One resource is the Small Business Development Center of Florida. This non-profit organization offers a free consultation to small business owners that may need guidance in growing or starting their business. Types of Permits That Might Be Necessary
Zoning Permit
Signage Permit
Occupational Permit
Health Permit
Business License and/or Tax Permit
Building Permit
Alarm Permit
Fictitious Name Registration
Obtain Business Insurance Your business is its own entity that needs to be protected. Take the time to research which type is the best for protecting your business investment.
Three Types of Business Insurance
Professional Liability Insurance Provides a professional service and/or regularly gives advice to clients.
Errors and Omissions Insurance Protects against accusations of negligence or the failure to perform your professional services.
General Liability Insurance Protects against injuries to others, personal damage, or property damage.
Many operating locations will require a certain level of coverage to obtain a lease and even some partnering companies and clients will as well before working with you, depending on the industry.
Shared from: Seacoastbank.com
ONLINE LLC REGISTRATION SERVICE $99
STRATEGIK Business Entity Formation & Corporate Services provides fast and easy USA Online LLC Registration Service and provides FREE of charge all the documents your new USA Limited Liability Company will need to stay up-to-date and in compliance with your state statutes. When you register your new LLC with STRATEGIK Business Entity Formation & Corporate Services, we will take care of all the process for you.
Our LLC Registration Service Includes:
Receipt and review of your LLC registration information. LLC Name Search. Preparation and filing of Articles of Organization Preparation of Organizational Minutes – covering the election of directors and officers, issuing shares, the form of share certificates and fixing the number of directors. Preparation of operating agreement. Issue membership shares Membership interest transfers records book Bylaws and meeting minutes
Register today online your new LLC, secure, fast and easy. Click here to register now
The post How to start a small business in Florida appeared first on Strategik Startup.
from Strategik Startup http://ift.tt/2mDuLe1
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How to start a small business in Florida
Congratulations future small business owners, you’ve completed the first step of officially becoming an entrepreneur – which is making the commitment to transform your passionate idea into an actual business entity.
You may be starting part-time or full-time, but choosing “The Sunshine State” of Florida as your home base offers so many opportunities that entrepreneurs can use to your advantage to turn your great idea into a thriving business. With the right preparation and motivation, your business can be a part of the growing long-term survival rate (currently starting at 33% according to the Bureau of Labor Statistics) of small businesses that are expected to survive the next 10 years.
Getting Started
Before exploring the industry specifications and general steps needed to start a new business in Florida, take time to be realistic about your motivation and level of commitment to making your business succeed.
At least 36% of small business owners said the hardest part of the ownership process is taking the critical first step of commitment seriously, according to the 2013 UPS Store Small Business Survey. The sooner business owners were able to start putting their business plans into action, the more likely they are to limit the competition being added to their market.
The same survey shows that there are 48% of Americans dreaming of starting their own business, and of the 31% of Americans starting their businesses each month, it’s taking at least two years (51%) to five years (31%) to put their plans into concrete action.
While you might not be able to start your business full time after constructing the vision of your business, there is an 18% competitive advantage over fellow new owners in taking action towards those goals as soon as possible.
In 2010, 50% of small business owners in the country reported full time work through their business, while 20% maintained part time status outside of their business to maintain a healthy income. Whichever route is best or feasible to get your start-up going, know that they both still take 100% commitment to succeed.
Understanding your motivation in seeing your new small business succeed can encourage you to cut down on the prolonging of the process, and move on more quickly to the next steps for better profitability.
Reasons Why Small Business Owners Start Their Business
At least 62% of surveyed small business owners stated that they started their business to pursue a personal passion. A few other popular reasons included the flexibility entrepreneurship allows (50%), and also the ability to control your own career (59%). Let your personal “why” factor encourage you to join the 2.3 million Florida Small Business Owners with a strong plan of success.
Create A Plan / Know Your Industry
In the beginning stages, successful entrepreneurship is about being smart, not rich. Creating an effective business plan will allow you to develop increased knowledge of your specific industry, understand your opportunities, and identify solutions for potential hurdles. The business plan is also the key factor for gaining new investors, partnerships, securing financing, and establishing your new brand.
The Main Components of a Successful Small Business Plan
Business Concept.
This is a clear statement of the mission of your business. Everything that your business accomplishes must align with the goal outlined within the business concept.
Self-Assessment.
This is the internal part of the process that you have most likely started before even getting to the business plan. This is putting your commitment to the company’s mission in stone. Highlight in this section what makes you qualified both on a professional and personal level including business experience, personal industry knowledge, and past assets that can be of use.
Creating a new business entity is similar to taking care of a child. There is a reason that 50% of entrepreneurs agree starting a business should be the main focus of their lives to see it mature as a healthy addition to the community.
In addition, a strong self-assessment can often be a key factor in convincing others of the strength of your business and what you bring to the table as the owner. It can also help clarify characteristics and experience needed if you’re considering adding a potential business partner or qualified employees to start out on the right foot.
Market Assessment.
Showcase your knowledge of the marketplace and environment your business will live in. Being able to clearly identify your target market and competitors will help you identify niches in the market and also give other professionals an understanding of why your business can succeed.
How your business plans on acquiring new customers and keep their business is another vital part to this component of the business plan. Within the next 2 years, at least 18% of small business owners have stated that their biggest concern for the future of the business will depend on the new marketing technologies and mobile search capabilities, rather than the state of the economy.
This could also be linked to owners reporting the power of word of mouth for their local small businesses, which is about 40% (a 25% increase from 2008) of their business referrals due to social media. These statistics support why there has been a 21% increase in entrepreneurs attributing part of their success to simply being a locally owned business in the area.
Showing the potential for local community support in the Florida area can help secure loans and additional funding needed by financial institutions to support you, especially if your business finances are maintained through a local community bank.
Financial Assessment.
This is an honest breakdown of what your company will charge for services and goods sold, and the margin of cost. For the first few years of business, this will shape the operation and future growth potential of your business based on the local community and general industry trends.
Creating a detailed plan is a somewhat optional step, but research has indicated that a business plan doubles your chance of success in meeting specific business goals.
Survey of Entrepreneurs Without a Business Plan
18% Received a Loan 18% Acquired Investment Capital 43% Were Able to Grow Their Company
Survey of Entrepreneurs With a Business Plan
36% Received a Loan 36% Acquired Investment Capital 64% Were Able to Grow Their Company
Florida Business Plan Resources
The Florida Trend
Offers great tips and resources for creating a custom business plan. They also offer details about properly structuring the document, along with further resources that both novices and seasoned professionals can utilize for research.
The Small Business Administration
The national organization has a small business planner tool that is free for business owners to use while working on their plan. The site takes owners step-by-step throughout the planning process. Some benefits to using this tool are how it allows users to save their plan online through a secure database. This lets users have freedom in working on it safely from any location without it potentially getting deleted or lost. Users can also work on it at their own pace and save as they go.
Acquire Legal Documentation
The biggest difference in being a small business owner and not an employee is the responsibility that comes with running the business successfully and ethically. That means ensuring that you’ve acquired the appropriate licenses, government certifications, and tax documentation. These all vary depending on industries and business models, but obtaining a mentor for advice can be a great asset when figuring out what legal documents are necessary.
Documentation will also depend on what type of business entity you will operate under. This area can change later as your business grows in scale, but starting with the right model can save your business quite a bit of money in fees and sometimes time-consuming legal processes.
Register Your Business.
Pick a business name and incorporation status with The Florida Department of State Division of Corporations, which is nicknamed “Sunbiz”. This site will let you register your business and allow you to officially start the process of becoming a legal entity, and explain the available statuses to understand which is best for your operation.
Establish Taxable Entity With the IRS & State of Florida.
The Division of Library and Information Services provides references to obtain a Tax Identification Number (EIN Number) from the IRS so your business can file appropriately with the government and links to employment taxes that may be required for conducting your business in Florida. Failure to register properly can affect your business financially and immediately end operation. The Florida Small Business Development Center can be a great resource for understanding this process.
Obtain Permits and Licensing.
Different entities require different permits necessary for operation. Gaining advice from a trusted resource can help new owners navigate this process. One resource is the Small Business Development Center of Florida. This non-profit organization offers a free consultation to small business owners that may need guidance in growing or starting their business. Types of Permits That Might Be Necessary
Zoning Permit
Signage Permit
Occupational Permit
Health Permit
Business License and/or Tax Permit
Building Permit
Alarm Permit
Fictitious Name Registration
Obtain Business Insurance Your business is its own entity that needs to be protected. Take the time to research which type is the best for protecting your business investment.
Three Types of Business Insurance
Professional Liability Insurance Provides a professional service and/or regularly gives advice to clients.
Errors and Omissions Insurance Protects against accusations of negligence or the failure to perform your professional services.
General Liability Insurance Protects against injuries to others, personal damage, or property damage.
Many operating locations will require a certain level of coverage to obtain a lease and even some partnering companies and clients will as well before working with you, depending on the industry.
Shared from: Seacoastbank.com
ONLINE LLC REGISTRATION SERVICE $99
STRATEGIK Business Entity Formation & Corporate Services provides fast and easy USA Online LLC Registration Service and provides FREE of charge all the documents your new USA Limited Liability Company will need to stay up-to-date and in compliance with your state statutes. When you register your new LLC with STRATEGIK Business Entity Formation & Corporate Services, we will take care of all the process for you.
Our LLC Registration Service Includes:
Receipt and review of your LLC registration information. LLC Name Search. Preparation and filing of Articles of Organization Preparation of Organizational Minutes – covering the election of directors and officers, issuing shares, the form of share certificates and fixing the number of directors. Preparation of operating agreement. Issue membership shares Membership interest transfers records book Bylaws and meeting minutes
Register today online your new LLC, secure, fast and easy. Click here to register now
The post How to start a small business in Florida appeared first on Strategik Startup.
from Strategik Startup http://ift.tt/2mDuLe1
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Step-by-step guide to form a Florida LLC
Step 1) Verify & Secure your LLC Name
Choose a Business Name to secure and register your brand name it must be unique, not too similar to another registered name, and shouldn’t contain any restricted wording. To check, conduct a Business Entity Search through the state and if there are potential trademark issues conduct another quick search using the TESS System through the U.S. Patent Office.
Keep in mind your LLC name should contain the words ‘Limited Liability Company’ or ‘Limited Company’. Abbreviations for these words like ‘L.C.’ or ‘L.L.C’ are also acceptable. Also, because there is no name reservation offered by the state, only register your name when you’re ready to organize your business.
Step 2) Select a Registered Agent
Choose a Registered Agent. A Registered Agent is an intermediary, responsible for receiving and helping you to handle/process all official documentation like state filings, tax forms, legal notices, and so on. This agent can be an individual or a corporate entity, but they need to be a Florida resident (with FL address, non-P.O. Box) and be able to legally conduct business in the state.
You can hire an outside professional service and pay up to $160/year, or get a Florida Registered Agent free of charge when you start your LLC with a service like IncFile or CorpNet. They handle this along with so much more depending on your startup package.
Step 3) File the Articles of Organization
Register an LLC. This document seals the deal with the state in as much as it is a declaration of your brand, who owns it, how it’s structured, and so forth. The basics of your business for the public record books.
Step 4) Obtain an EIN
Get an EIN for Your LLC. Your EIN, or Employer Identification Number, is a unique identifier like a personal social security number. But it’s not just for tax season, it also makes it possible to legally hire employees and set up a business bank account in the next step.
Almost every transaction your business engages in will require an EIN. That said, you can get one quickly, easily and free of charge by applying online through the IRS Website.
Step 5) Open a Business Bank Account
Best Business Bank Account. To avoid any tax, asset, or financial confusion as an LLC, open a separate checking account for your brand that isn’t mixed with any other account of any kind. This is a huge mistake entrepreneurs make that’s 100% avoidable. Plus, these days there are tons of perks to opening business bank accounts. In fact, some banks will literally pay you to do business with them! Shop around at both state and national banks to see who offers the best deal and most convenience.
Step 6) Create an Operating Agreement
Create an Operating Agreement. This is a document that our readers, plenty of experts, and ourselves advise you think about creating. It’s not mandatory or a legal requirement, but what it does is add a layer of safety for everyone involved (including the company) and lays out duties/responsibilities. It also, “defines each member or manager’s rights, powers, and entitlements. This includes capital accounts, membership interest, distributions of profit and allocated tax responsibility, etc.”
Step 7) Handle LLC Taxes & Business Licensing
Business Licenses. How complex the “red tape part” gets depends on the nature of your business, whether you work with or serve the public, how many employees you have, location, etc. It could be swift and simple. Once you’re through these woods it’s easy sailing!
To get started bookmark the Miami district office of the Small Business Administration, and the Division of Corporation’s Sun Biz website because they’re likely going to be go-to sources for a variety of things along the way. If you need help, consider leveraging professional Business License Research packages that quickly source all documents for you.
Shared from: startupsavant.com
STRATEGIK Business Entity Formation & Corporate Services provides fast and easy USA Online LLC Registration Service and provides FREE of charge all the documents your new USA Limited Liability Company will need to stay up-to-date and in compliance with your state statutes. When you register your new LLC with STRATEGIK Business Entity Formation & Corporate Services, we will take care of all the process for you.
Our LLC Registration Service Includes:
Receipt and review of your LLC registration information. LLC Name Search. Preparation and filing of Articles of Organization Preparation of Organizational Minutes – covering the election of directors and officers, issuing shares, the form of share certificates and fixing the number of directors. Preparation of operating agreement. Issue membership shares Membership interest transfers records book Bylaws and meeting minutes
Register today online your new LLC, secure, fast and easy. Click here to register now
The post Step-by-step guide to form a Florida LLC appeared first on Strategik Startup.
from Strategik Startup http://ift.tt/2lrliGq
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