Do Small Businesses Make Money in the First Year?

Do businesses make money in the first year? Most businesses don’t make any profit in their first year of business, according to Forbes. Even companies that turn a profit may lose it in their first year when they invest back in their business by hiring new people or expanding their product or service offerings. Read … Read more

Selling Chocolate Covered Strawberries from Home in Illinois: What You Need to Know

Can I sell chocolate covered strawberries from home in Illinois? The law does not allow these homemade products to be sold in retail stores or any location other than an Illinois farmers’ market. In addition, the products must meet specific labeling requirements and the vendor must register the cottage food operation with the local health … Read more

What is a Mississippi Direct Pay Permit and How to Obtain One?

What is a Mississippi direct pay permit? This permit authorizes the holder to pay sales and/or use tax on certain purchases directly to the Mississippi Department of Revenue, in lieu of paying the tax to the vendor. This permit is issued as a privilege to operate in the State of Mississippi. Read more on www.nscorp.com … Read more

Are CrossFit Athletes the Fittest? Exploring the World of CrossFit

Are CrossFit athletes the fittest? It’s important to remember that CrossFit is a sport ? one of many, many sports that exist, and Froning is clearly the best at his sport. The fact that CrossFit labels their reigning champ as the “”Fittest on Earth”” or Froning as the “”Fittest in History”” means nothing. Read more … Read more

How to Get Articles of Incorporation in Georgia: A Step-by-Step Guide

How do I get Articles of Incorporation in Georgia? Draft your own Articles of Incorporation. Download and fill out the Transmittal Form – Corporation (CD 227) from the Georgia Secretary of State website. Submit the completed Articles of Organization, transmittal, form, and $110 filing fee to the Secretary of State’s Corporations Division. Read more on … Read more

Can a Texas LLC be an S Corp?

You can start an S corporation (S corp) in Texas by forming a limited liability company (LLC) or a corporation, and then electing S corp status from the IRS when you apply for your Employer Identification Number (EIN). The S corp status is used to reduce a business’s tax burden in certain circumstances. Read more … Read more

How Much Money Can I Make Owning a Laundromat?

How much money can I make owning a laundromat? Laundromats generate about $5 billion in combined nationwide gross annual revenue. Coin laundries can range in market value from $50,000 to more than $1 million. Coin laundries generate cash flow between $15,000 and $300,000 per year. Read more on martinray.com Owning a laundromat can be a … Read more