article thumbnail

Business Prenup: What To Do Before You Start A Company With A Partner

YoungUpstarts

A CPA provides input on tax structure and metrics, and assists with due diligence related to your industry. You should also understand that you may be liable for certain acts or omissions as a manager, officer or director, but shielded from liability as a member (in a manager-managed LLC) or shareholder. Anticipate disagreements.

Partner 208
article thumbnail

28 Entrepreneurs Explain How They Came Up With Their Business Names

Hearpreneur

When we started the company, I didn’t want it to be called “Grunden & Hale” as is the standard for CPA firms because I envisioned the firm becoming much larger than just me and Adam. Summit CPA is now a company with over $5M in annual revenue and our team is fully distributed throughout the United States. And I was right.

Naming 157
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

No credit? Big problem. Here are 7 steps to build your startup’s business credit

The Next Web

In order to receive a business loan or investment, you need to separate the business from your personal finances and this means setting up a legal business entity such as a corporation (C Corporation or S Corporation) or LLC. Get a Tax ID Number (EIN).

CPA 126
article thumbnail

Maximizing Profits in the Healthcare Staffing Industry by Susanne Mariga

Mike Michalowicz

Implement the Use of Creative Compensation Structures – Tim Teague, President of BlueSky Synergy, LLC. BlueSky Synergy, LLC provides medical staffing software to Healthcare Staffing Agencies which allows them to manage staffing workflow from candidate sourcing through client billing. About Susanne Mariga.

CPA 76
article thumbnail

Startup Tax Planning for Better Cash Flow Management

Up and Running

Many small business owners have no idea what they will owe in taxes until it’s time to pay them,” says Paul Gevertzman, CPA, a tax partner at Anchin, Block, & Anchin in New York. If you own an LLC or sole proprietorship , allocate a portion of each draw to a tax saving account and learn to live on the net draw.

article thumbnail

30 Entrepreneurs Explain Why They Started Their Businesses

Hearpreneur

Thanks to Tom Mumford, Undergrads LLC ! #5- Giving back to the community has always been something I valued, so using my CPA and JD expertise, I knew there was something I could do to make taxes less daunting. 5- To teach about love and kindness. Photo Credit: Debbie Petry Artt.

article thumbnail

26 Entrepreneurs Share Their Tips and Tricks of Staying Motivated

Hearpreneur

Photo Credit: Katie Thomas, CPA. Thanks to Katie Thomas, CPA, Leaders Online ! #16- Thanks to Dawn Mahan, PMOtraining, LLC ! #17- Motivation comes and goes; it is the discipline that ensures you achieve your goals, and it is my clients who are always at the forefront of my mind. Thanks to Gems Collins. #15- 16- Remember my why.