Financials

Every state requires a corporation to have an annual meeting. Board members can choose to call additional meeting to decide on unusual items. The process for holding and calling meetings are documented in the by laws In the case of a single shareholder, it may seem pointless organizing a meeting. Being the only one in a room wearing 3 hats (shareholder, board of directors and executive president) might seem a little

  One of the questions people have when starting a business is what legal structure or form should my business take. There are 3 main types of legal structures namely: Sole proprietorships Partnerships Corporations These 3 types are the main ones and come in different variations. These variations come from change in the law to give business owners more flexibility. This article will only discuss the 3 major types. Later on, I will

This blog was created to accomplish one thing: To help those seeking to start or grow a lifestyle business along their journey. As an accountant, my focus is on showing you how you can use your finances to work for you rather than against you. Yes you guessed it right, I am a numbers nerd. There are 5 levels of entrepreneurship I teach labeled levels 1-5. Click here to find more

A lifestyle business is one in which you create the lifestyle you want first and a business that helps support that lifestyle. One of the reactions I find when I go out to speak to working people about this growing business trend is "that seems nice but it is simply unrealistic in my situation". I am here to tell you that is simply not true. You can have both a

I am sure as a lifestyle entrepreneur, the thought of selling your business someday has occurred to you at least once. Especially, since we often here of startups that go public and then sell their stock for millions after only four years of owning it. Although the lifestyle business does not have a ready market like the stock market, there are many way a lifestyle business can still be sold.