Latest FDIC update: Sunday, March 12th: Depositors will have access to all their SVB stored funds starting Monday, March 13. Recent FDIC Press release: https://www.fdic.gov/news/press-releases/2023/pr23017.html FDIC FAQ page:...
Getting a business off the ground requires capital. As they say, you need to spend money to make money. But Section 195 of the Internal Revenue Code (IRC) brings some good news. Once you launch your startup, you may be able to recoup some of those costs in the form of...
Digitalization makes our world smaller by the day. And that means that as you’re hiring for your startup, you don’t necessarily want — or need — to limit yourself to recruiting domestically. Historically, the problem with hiring someone in another country has largely...
Founders - check out our tips below that can save your Startup thousands of dollars in Income Taxes, Payroll Taxes, Sales Taxes, and foreign taxes. R&D Tax Credits: Did you know that if your startup conducts R&D activities it can qualify for up to $500,000 in...
Startup founders risk information overload. As you grow your team, you’ll probably get reports and updates on how various facets of your startup are faring. It’s a lot to take in. You might even reach a point where you start to miss the forest for the trees. It’s...
As a founder, you get one of the biggest perks through equity in your company. In your early days, you probably aren’t raking in a huge salary or taking sizable owner draws. But you can still be padding your pockets through your shares in your company. While these...
Plenty of small businesses operate as a limited liability company (LLC) when they first set up shop. In fact, a big portion of LLCs operate as single-member companies with a sole owner. This sounds appealing in the beginning because LLCs are easy to establish, and...
When you first launched your startup, it was probably exclusively yours and your co-founder(s). But as you fundraise, you give up equity in exchange for the money you need. To make it easy to keep a clear eye on what’s going on with any shareholder’s equity, including...
When you think about things you need to build for your startup, it’s probably a long list. And you might be hesitant to add anything to it. But there are a couple of areas where putting in some extra work now pays off in spades down the road. A Financial Policies and...