Before you can start your own business, you’ve got some important decisions to make – including what structure you choose for said business. Whether you’re in it on your own or have partners (silent or otherwise), you have several options for business structure. Here’s why an LLC may be the best business structure for you.
Record-keeping is a hugely important and often underrated part of running a small business, and it’s particularly important to keep good financial records. If you don’t track money in and money out, then building a profitable business is a far greater challenge. What’s more, IRS regulations require businesses to track income and expenses at the very least.