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Small Business Risks and How to Avoid Them

Small Business Risks and How to Avoid Them

by Balustrade Creative | Jun 30, 2022 | Insights To Business

Small businesses must deal with a variety of risks if it wants to remain in business. Almost one quarter of all small businesses are negatively impacted by risks they weren’t prepared for. Different business have different types of risk. Some types of risks,...
Tips to Offering Affordable Employee Benefits

Tips to Offering Affordable Employee Benefits

by Balustrade Creative | Jun 27, 2022 | Financial Advice, Insights To Business

Affordable employee benefits take many forms. While most people think of health insurance and paid time off for vacation as common employee benefits, there are a few others that are just as rewarding and cost-effective as well. As an employer, it’s up to you to...
What Type of Business Bank Account Do I Need to Secure Working Capital

What Type of Business Bank Account Do I Need to Secure Working Capital

by Balustrade Creative | Jun 22, 2022 | Financial Advice, Insights To Business

Business bank accounts are essential for small business owners. They keep the assets of the business separate from the owners’ personal holdings. With all of the business money and assets in certain accounts, it is easy to file taxes for the company. There are...
Is Your Business Prepared for It’s Next Round of Financing?

Is Your Business Prepared for It’s Next Round of Financing?

by Balustrade Creative | Jun 20, 2022 | Financial Advice, Insights To Business, Small Business Cash Flow

Small businesses grow. They expand to include other products or they simply grow into a larger, more profitable entity. Either way, at some point, having another round of financing may be needed, if you want to jump start the process and move ahead without any delays....
How to Recession Proof Your Business

How to Recession Proof Your Business

by Balustrade Creative | May 31, 2022 | Financial Advice, Insights To Business, Small Business Cash Flow

A strong, well-built business can withstand most economic hardships. A business owner who has been around for a while knows how to keep things growing even when things get lean. New entrepreneurs can sometimes overlook common practices that would help to solidify...
Can I Borrow from My LLC?

Can I Borrow from My LLC?

by Balustrade Creative | May 27, 2022 | Business Financing, Financial Advice, Insights To Business, Small Business Cash Flow

Many LLC members and owners don’t realize they have certain benefits associated with being a part of an LLC. If you are in a bind, you can actually borrow from an LLC providing much need funds for small businesses. There are certain requirements and tax...
LLC vs. PLLC: Which Business Structure is Right for You?

LLC vs. PLLC: Which Business Structure is Right for You?

by Balustrade Creative | May 20, 2022 | Financial Advice

LLC and PLLC are two business structures that can be used when building your business. While anyone can open an LLC, a PLLC may require a professional license of some sort. In some states, having a license to perform your chosen profession may prevent you from legally...
What Is Reasonable Compensation to Pay Yourself Through Your S Corporation?

What Is Reasonable Compensation to Pay Yourself Through Your S Corporation?

by Balustrade Creative | May 20, 2022 | Financial Advice, Insights To Business, Small Business Cash Flow

When you are an owner of a corporation, you can get paid in a variety of ways. It’s important to know which type of pay is best and what type of compensation you deserve for all of the work you do. Determining your level of compensation requires the...
Hiring Family Members as a Small Business Owners

Hiring Family Members as a Small Business Owners

by Balustrade Creative | Apr 29, 2022 | Financial Advice, Small Business Cash Flow

Family-owned businesses are often the heart of a small community. People look at a business that has been passed down from family member to family member as more personable and committed to caring for its customers. There are still questions, however, as to whether or...
Planning for a Personal Catastrophe as a Small Business Owner

Planning for a Personal Catastrophe as a Small Business Owner

by Balustrade Creative | Apr 23, 2022 | Financial Advice, Small Business Cash Flow

Catastrophes take many forms, especially with the pandemic. Being prepared for any possible disaster is essential, whether it be natural or man-made. It’s also essential that preparations be made for more personal disasters as well. The death of a family member...
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