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The 10 Worst Things About Owning Your Own Business

The 10 Worst Things About Owning Your Own Business 1

Let’s face it, being a business owner requires a specific type of personality and an unmatched level of passion and drive. Not many people have what it takes to start their own business and be successful. That said, it’s doubtful anyone who owns their own business would trade it for anything. Nothing beats being your … Read more The 10 Worst Things About Owning Your Own Business

Lessons That Everyone Can Learn From Successful Entrepreneurs

Lessons That Everyone Can Learn From Successful Entrepreneurs 4

Successful entrepreneurs can sometimes seem larger than life. But beneath all the lavish paychecks, titanic success stories and endless media fawning, the great businessmen of the world are normal people just like everyone else. Their lives offer lessons that can be applied to countless everyday scenarios. Below are several life lessons we can learn from … Read more Lessons That Everyone Can Learn From Successful Entrepreneurs

Best Retirement Plans for Self Employed and Business Owners

Best Retirement Plans for Self Employed and Business Owners 12

There are a plethora of things that seems to constantly be on the mind of a business owner or self employed individual and quite often retirement planning is not one of them. After all, who can think about retirement planning that affects 40 years down the road when there is next weeks payroll, next month’s … Read more Best Retirement Plans for Self Employed and Business Owners

How to Set Up a Limited Liability Company (LLC)

I have been thinking about setting up a Limited Liability Company (LLC) for my web business to limit my personal liability risk.  An LLC is an attractive option for incorporating a small business, because it offers the same personal liability protection as a corporation, but the pass-through taxation of a partnership or an S-corporation. For … Read more How to Set Up a Limited Liability Company (LLC)

Big Bath Accounting Fraud

Big Bath Accounting Fraud 15

One of the hardest accounting frauds to spot is big bath accounting. When a company is doing really bad and has no chance of meeting earning expectations, unscrupulous management would begin writing-off every expense and asset they could imagine. As a result, future expenses are reduced significantly and naturally earnings increase. In other words, the … Read more Big Bath Accounting Fraud