Paying yourself from your LLC is essential but requires careful planning. Understanding the difference between draws, salaries, and distributions—and their tax implications—can help you manage your finances and stay compliant.

Wondering what the easiest type of business to own is? While it varies by individual skills and circumstances, options like sole proprietorships, consulting, online retail, and service-based businesses are often considered simpler to start and manage. Learn about these options and key factors to consider before launching your venture.

Three paycheck months can be a powerful opportunity to improve your finances—if you plan ahead. Whether you're boosting savings, paying off debt, or investing, those two "bonus" checks each year (for biweekly pay schedules) can help you make meaningful progress toward your financial goals.

While every form of business ownership presents its own set of challenges, some structures—like partnerships, corporations, and multinational enterprises—tend to be more complex due to legal, financial, and operational demands. Understanding these difficulties can help entrepreneurs choose the right model for their goals and risk tolerance.

Deciding between starting your own business or working for someone else depends on your goals, risk tolerance, and lifestyle preferences. Explore the advantages and challenges of entrepreneurship versus traditional employment to determine which path aligns best with your personal and professional aspirations.

The primary advantage of forming a Limited Liability Company (LLC) is the limited liability protection it offers. This structure helps shield your personal assets—like your home and savings—from business debts and legal claims. With operational flexibility, pass-through taxation, and enhanced credibility, an LLC offers a balanced blend of protection and simplicity for small business owners.

Owning a business as a married couple can offer shared goals, trust, and complementary skills—but it also brings unique challenges. From defining roles to managing relationship dynamics, it’s important to weigh the pros and cons before diving into a joint venture. Here’s what couples should consider to make it work.

California Labor Code Section 210 imposes financial penalties on employers who fail to pay wages on time under certain wage-payment laws. This includes fines for both initial and repeated violations. While many assume it governs final pay deadlines, Section 210 specifically targets general late wage payments—not termination-related pay, which falls under other laws.

Forming a legal business entity—like an LLC, corporation, or partnership—provides crucial protections and advantages for entrepreneurs. From shielding your personal assets to gaining tax flexibility and enhancing your business’s credibility, choosing the right entity structure is a smart step for long-term success and risk management.

Forming a legal business entity—like an LLC, corporation, or partnership—provides crucial protections and advantages for entrepreneurs. From shielding your personal assets to gaining tax flexibility and enhancing your business’s credibility, choosing the right entity structure is a smart step for long-term success and risk management.