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Small Business Articles

How to Be Environmentally Conscious in a Small Business

All over the world, businesses have become more accountable for their carbon footprints, and have taken measures to appear “green” to the media and investors. Conserving energy can save your company considerable expenses in utility bills as well as refine your company’s public image. Large corporations have taken drastic steps to “green” themselves – Google invested heavily in wind power…
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What to Consider When Forming a Strategic Alliance

Strategic alliances can be a loose agreement between two people or two organizations with a common purpose. Or, they could be highly formalized, commercial, contract-driven agreements that establish a new entity, jointly owned by two or more parties. Whatever the structure, there is little doubt that alliances can help an entrepreneur launch their idea – especially if they are joining…
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Lease vs. Rent

When purchasing something is not quite possible (or desired) the option for many individuals and companies comes down to leasing or renting. While both have similarities, getting access to an asset for a limited period, there are significant differences as well. This article will help you understand those differences when your decision to lease vs. rent comes up. Leasing A…
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Capital Lease vs. Operating Lease

While leasing may seem like a relatively straight forward process, the accounting and tax treatment of leases can vary greatly depending on if a lease is considered to be capital or operating in nature. This article will help you understand the differences and the implications of classifying your lease as a capital lease vs. an operating lease. Capital Lease A…
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Inc. vs. LLC

When setting up a new company two options are to incorporate and set up a corporation (Inc.) or to set up a limited liability company (LLC). Both provide the benefit of personal liability protection, where your personal assets are protected from claims against the corporation. This is a major benefit as if the company fails or happens to be sued…
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Condo vs. Townhouse

One of the biggest financial decisions people make in their lives is when they decide to become a homeowner. For many, particularly in more urban environments, the choice becomes one of investing in a condo or a townhouse. The differences between the two types of residential property can be very important and have a big impact on your decision of…
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Employee vs. Independent Contractor

For many individuals at some point in their career they may have to decide whether or not they want to work as an employee or an independent contractor. For employers this can be an important decision also as there are numerous tax and regulatory obligations in place when having an employee that do not exist when hiring independent contractors. This…
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FedEx vs. UPS vs. USPS

For many businesses it can be a tough process to figure out which postal and delivery service you want to use for your business and which will best meet your needs. It can often be beneficial to pick one service if your business is a heavy user as all of the main providers have volume discounts and programs for businesses….
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