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Why Businesses Fail – The Truth

What’s been widely accepted as the reasons businesses fail such as a lack of capital, poor management, expanding too quickly, etc….is true. Those reasons fit well for established businesses with employees but do not fit for sole proprietors. There are many reasons why businesses fail and all of them have been written and spoken about…

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Are S-Corps on Their Way Out?

What is an “S-Corp”?  An “S Corp”, also known as a subchapter or small business corporation was created in 1958. The political premise was that it was going to encourage and support the creation of small businesses while eliminating the double taxation that conventional corporations were subjected to. Before the S-Corp S-Corps were born because…

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Why Legal Zoom Should Stay Out of The Accounting Business

selected for audit

  There is a serious problem in the accounting industry that can be traced back to Intuits’ QuickBooks program. The program touted its ability to save small business owners money on their bookkeeping by doing it themselves. It didn’t really work out the way people expected. “Bookkeeping” was being done by amateurs and it turned…

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How To Quickly Create a Killer Business Plan

new business start up

Starting a business is way too complicated to begin with, and when you ask someone to layout a “Business Plan” you highlight that fact. The 1st business plan I worked on was my own about 30 years ago. I was presented with a 30-page questionnaire which I really enjoyed working on because I assumed that…

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