Selling your online business can be a leap of faith. Some questions that first come to mind when making this decision to sell is “When is the right time?” or “How do I know my business’ value?”. It’s time to explore what you need to know before selling your online business and how to understand the value of the business, including intangible assets.
Amazon FBA, eCommerce, Online Business Owners go into business for a reason. Somewhere along the way, the business meant for a greater purpose became a “cash-eating monster.”
Jessica Mae, host of The Profit Path™ podcast is honored to interview Mike Michalowicz of MikeMichalowicz.com.
Depending on what type of business entity you are, you’re required to have at least one meeting per year with your partners and/or shareholders. But even if you’re scrupulous about having these meetings, you may not realize the importance of recording minutes from your meeting.
For most eCommerce and Online Business Owners, meeting minutes are something it’s all too easy to be too casual about. But in fact, keeping meeting minutes is an essential way to protect yourself and your business.
The tax savings of hiring your child in your online business are a considerable benefit, but there are other benefits to hiring your child that you can’t put a price on.
Specifically, teaching your child or grandchild the value of money, as well as the importance of working hard and the reward of doing a good job.
Tax benefits aren’t the only advantage to being an S-Corp. Another little-known benefit is that you can set up health insurance under the S-Corp and deduct your insurance premiums as “self-employed health insurance.” Nice, right? But you can only do this if your ”self-employed health insurance” is included in your W2 wages. In other words, it’s important to get a tax professional’s advice in setting it up right.
A former stand-up comedian turned Founder of Copy Chief, partnering with Kevin Rogers and his team has put the word fun into overdrive. Our collaboration with Kevin and his team is one for the books!
The goal in partnership with Kevin is to shift his business into an online financial powerhouse where “pay, play, and profit” are the business priority.