Running a Business Archives |

Pay yourself first

As a small business owner when cash gets tight the first thing to go is the owner’s salary, or at least a portion of it. This may not always be the right thing to do.  I know too many who pay themselves so little in wages that their SS benefits are scheduled to be...

Degree or not a degree

Is a college degree worth the ever-rising cost to get one? This was a topic covered often by Professor Doom on his blog.  Unfortunately, he recently passed away from cancer, so there will be no further data from the Professor. According to some recent stats for most...

Minority owner

I was asked a question about a minority owner who was a FTE of a small company that was getting a 1099-NEC and not a W-2. I was taken aback, since if they are one of the actual employees of the firm working day in and day out as a employee and not an independent...

Corporate books and records

Are you a C-Corp, S-Corp or an LLC? If you are a C or S-Corp, you have corporate responsibilities that need to be addressed at least annually.  You need to have an annual meeting where directors are elected: President, Vice-President, Secretary and Treasurer.  If you...

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