Pass-through taxation: S corporations are not taxed at the corporate level, which means that income, deductions, and credits pass through to the shareholders’ personal tax returns. This avoids the double taxation that C corporations face.
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Why do more Americans not turn to Entrepreneurship instead of College and Debt along with a questionable outcome?
Last week a young man called me wanting to sell his smaller service business. In two years the high school grad had built a business from scratch doing about $130,000 in revenue and 40k in cash flow. We met and I told him he should keep it …he had done the hard work….no trim back […]
How can AI and Chat GPT be used to make business owners lives more efficient?
AI and ChatGPT can free up business owners’ time in several ways: Automating repetitive tasks: AI can automate many repetitive tasks, such as data entry, email management, and appointment scheduling, freeing up business owners’ time to focus on more critical tasks. Providing customer support: ChatGPT can provide 24/7 customer support through chatbots, answering frequently asked […]
What makes for a successful coffee shop?
Key Elements to Running a Profitable Coffee Shop
What are the elements of a effective E2 visa business plan?
An E-2 visa is a type of investor visa that allows individuals to come to the United States to start and run a business. Here are the components of an effective business plan for an E-2 visa application: Executive Summary: This section should provide a concise overview of the business and its goals. It […]