Limited liability partnerships and limited liability companies have the same tax protection and have similar business structures. The “pass through” taxation that both LLP and LLC entities have allow all partners to claim their profits and losses on their personal taxes. The partners are also protected from any negligence that any other partner has done […]
5 Team Building Exercises to Strengthen the Bonds Between Co-workers
Team unity and camaraderie are extremely important components of a healthy and productive workforce. In fact, a recent study found that having close friendships at work can boost employee happiness by up to 50 percent. In today’s competitive job market, organizations can’t fail to overlook this important piece of the puzzle. As a business owner, […]
How to Calculate Your Payroll Tax and 5 Strategies for Simplifying Things
It is important to know how to calculate the proper payroll tax when paying your employees. If you fail to calculate Social Security or Medicare taxes, your employees may suffer the consequences. These consequences include problems filing for Social Security, Medicare, or unemployment benefits at a later date. As an employer, you may face fines […]
4 Business Books That Can Truly Change the Way You Think about Business Growth
While there are some business owners who go into business for the sake of the passion that is associated with what they to do, and growth and expansion are not necessarily high on their priority list, the vast majority of entrepreneurs are extremely focused on growing their business. The thing is that if you were […]
5 Investment Strategies for Starting Small and Gaining a Snowball Effect
If you were to ask the average person what is necessary to build wealth on a significant level, it is likely that they would say you must invest. Basically, while very few people, relatively speaking, are wealthy, a significant portion of the population understands that in order to become wealthy through your own efforts, you […]