What is an S Corporation? An S Corporation, or S Subchapter, is another type of legal business entity. What makes an S Corporation stand out from the others? The main difference is that the business elects to pass income, losses, deductions, and credits to their shareholders. This is a major tax...
What is an LLC? LLC stands for limited liability company. An LLC is a business structure that protects the owner from personal responsibility for its debts. It’s similar to a corporation, but also offers the same pass-through taxation benefit as sole proprietorships. Essentially, it’s a combination of two other popular business structures:...
What is a Sole Proprietorship? The definition of a sole proprietorship is an incorporated business where one individual runs the business. That individual is entitled to all profits, but is also responsible for all losses and liabilities. The business and individual are one, without distinction between the two. This is different...
We all know that 2020 was a challenge, to say the least. Trying to keep a business afloat can be hard enough during good times let alone during a pandemic and it can be easy to lose motivation when you can’t see the win at the end of your day....
June 17, 2021 Ever so often, we come across a story that reminds us of why we continue to serve Iowa entrepreneurs - especially in turbulent times. This month, our Resource Partners, the U.S. Small Business Administration (SBA) and the Iowa Economic Development Authority (IEDA) shared a small business success story...
Starting and running your own business requires you to take a good deal of risks and from time to time a leap of faith. Entrepreneurs and business owners have to make quick decisions on what opportunities to chase after and which one’s they let pass on by. When we swing...
Good news for many small business owners: The Small Business Administration (SBA) recently announced the Restaurant Revitalization Fund (RRF), granting emergency assistance for eligible restaurants, bars, and other qualifying businesses impacted by COVID-19. Despite its name, eligibility encompasses more than your typical dinner joint. Check out which businesses qualify below: Restaurants Food...
Hey, welcome back to our blog. Today we're talking health care. Have you had a chance to look into affordable health insurance options for your family? If you're looking to start a small business, don't let the cost of health insurance be a deterrent. Take a moment to read below...
ASCENT: U.S. Small Business Administration On January 11th, the U.S. Small Business Administration announced the launch of a new program, ASCENT. Ascent was created as a resource for women entrepreneurs to expand their knowledge through an online learning platform. Women own or co-own 45% of all businesses in the United States. These businesses represent all types...
Perfecting Your Business Pitch As we springboard into 2021 and you consider starting a new business with the new year, you may find yourself developing a pitch deck. Do not fear! You are the expert of your idea. And don’t forget that! It is important that your pitch reflects who you...
