Tag Archives: Owners

LLC Or Sole Proprietorship? Financial Pros And Cons For Small Business Owners

LLC Or Sole Proprietorship? Financial Pros And Cons For Small Business Owners

Moneymagpie Team twenty third Nov 2023 Reading Time: 4 minutes Starting a business involves making key decisions, including selecting the precise business structure. Small business owners often weigh the choices between a limited liability company (LLC) and a sole proprietorship. Each structure has its financial pros and cons, and the choice can significantly impact the […]

13 Common Mistakes I Often See Small Business Owners Make

13 Common Mistakes I Often See Small Business Owners Make

I spent 17 years in the company world working directly with small businesses and 10 years as a small business owner myself. During that point, I saw many mistakes people made, but some were more common than others. These are probably the most common mistakes small business owners make. 1. Revenue ≠ Profit Revenue is […]