Want to Be an Entrepreneur? Here Are Tips for Starting a Small Business
Follow your passion. Do your own thing. Be your own boss. It’s a great time to take a closer look at what it means to go into business for yourself. Today, freelancers represent 35% of U.S. workers and collectively earned $1 trillion in the past year, according to the “Freelancing in America: 2016″ a study conducted by Freelancers Union and Upwork. In the age of internet-based job marketplaces, sharing economy gigs, and multi-level marketing roles, your opportunity to starting a small business is vast.
Best Industries for Start-Up Businesses
Here’s a closer look at which industries are ripe for a start-up business (it’s not just tech), who is taking the leap and some of the best places for starting a small business.
LLC or S Corp?
Of course, it’s also important to look at how being an entrepreneur affects your taxes. We delve into the biggest differences between two common options: the LLC and S corp (corporation). There are differences between LLC and S corp’s tax liability, structure, requirements, and costs. Which one is right for you? This guide may help you decide:
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Small business financial assistance is available from some states. Learn about eligibility and how to apply for these state programs from the team at H&R Block.
In response to the coronavirus, congress has created several tax incentives for small businesses. Learn from our experts how these provisions can help you.
Have questions on how participating in CARES Act programs (such as PPP and EIDL) will affect taxes for your business? Get details from the experts at H&R Block.
Economic Injury Disaster Loan availability has been expanded during the Coronavirus crisis. Find out from H&R Block how you can take advantage of the loan.