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Articles to LIFT Your Life and Business

5 Best Practices For Complying With Your LLC’s Administrative Formalities

Limited Liability Companies (LLCs) are a popular business entity with many entrepreneurs. Like corporations, LLCs offer valuable personal liability protection for their owners. Unlike corporations, however, LLCs aren’t required to adhere to the same burdensome record-keeping requirements and other corporate formalities corporations must follow. That said, while the administrative requirements for an LLC are far […]

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4 Ways To Significantly Reduce Your 2019 Tax Bill

As we approach the end of 2019, you should be working with your bookkeeper and tax advisor to project your company’s year-end tax liability and implement strategies for saving as much money as possible. Most tax-saving strategies need to be in place before the end of the year, so make sure you get this process […]

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What You Should Expect From An Effective Bookkeeper—Part 2

In the first part of this series, we discussed what effective bookkeeping looks like, and here we’ll provide a handful of bookkeeping best practices you can implement with your bookkeeper. It can be easy to overlook the vital role your bookkeeper plays in your business. In the not-so distant past, bookkeepers were often viewed as […]

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What You Should Expect From An Effective Bookkeeper—Part 1

Money is the lifeblood of your business, and arguably no member of your team does more to support you with the management of your cash flow than your bookkeeper. In fact, the very first team member you hire should be a bookkeeper—and that person should not be you. If you’re serious about your business, you […]

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Save Big Money On Your 2019 Taxes—Part 2

In the first part of this series, we discussed the initial steps for saving big on your 2019 taxes. Here, we describe the next steps in the process.   Taxes are a thorn in just about every entrepreneur’s side. Indeed, taxes are your single biggest business expense. That said, it’s fairly easy to reduce the amount […]

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Save Big Money On Your 2019 Taxes—Part 1

When you first realize that your biggest personal and business expense—bar none—is taxes, it can come as quite a shock. Seeing so much of your hard-earned money wind up in the government’s hands can feel like a shakedown. Yet focusing a relatively small amount of time and effort into strategically reducing your taxes can pay […]

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How to Obtain Zero-Percent Interest Credit Lines For Your Startup

One of the most frustrating things for an entrepreneur is coming up with a great business idea, but being unable to get the concept off the ground due to a lack of financing. With banks often unwilling to loan money to startups that have yet to make at least two years of income, unless you […]

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4 Essential Strategies For Selling Your Business

As an entrepreneur, you’ve probably put lots of thought into the best ways to start and grow your business. But you likely haven’t put nearly as much effort into thinking about how you’ll sell it or exit it, in general. And if you decide that selling is the way to go, you’ll want to start […]

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3 Financial Hacks to Kick Start Your Startup

Getting your business off the ground can be challenging in many ways: long hours, tough decisions, and ruthless competition, to name just a few. But perhaps the most challenging aspect of launching a startup involves financing. Indeed, getting the cash flowing and keeping it flowing is the lifeblood of your operation. Without proper financing, sometimes […]

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3 Signs It May Be Time to ‘Break Up’ With a Client

If you’ve ever had clients who were more trouble than they were worth, you know how distressing such toxic relationships can be. It can be difficult to drop a client, especially if finances are tight, but sometimes the best thing you can do is to break off the relationship. It’s important to remember that not […]

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3 Major Benefits of Structuring Your Business As An LLC or S Corporation

One of the smartest moves you can make as an entrepreneur is to structure your business as a limited liability company (LLC) or an S Corporation. You’re probably aware that both LLCs and corporations can protect your personal assets from debts and lawsuits incurred by your business, but they also offer other key benefits that […]

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