Business Management

Learn all the ways you can take your business to the next level, whether you're in year one or year 10. Get advice on how to run and grow your business-and even what to do when you're ready to move on.

What Is an EIN and Does Your Business Need One?

An Employer Identification Number (EIN) is relatively easy to obtain and a useful—sometimes mandatory—tool when starting a new business or…

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Conflict of Interest: The Complete Small Business Guide

A conflict of interest can impede employees' judgments in the workplace. Use this guide to learn how to spot them and to prevent them from happening…

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12 Ways to Market Your Business on a Budget

Marketing your business doesn't have to be complicated or expensive. Here are 12 ideas you can start implementing today.

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Going Mobile: Does Your Small Business Need an App?

It seems like everybody has an app these days. Should your small business have one, too? Here are five questions to answer before you make your…

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What Is the Best Way to Promote My New Company?

Use social media, create a website, contact local news entities, manage your search listings, and hire a marketing or PR expert for help to get…

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What Is Gross Profit?

Gross profit is a key profitability figure for a small business. It's calculated by subtracting cost of goods sold from sales revenue. Here's how you…

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What Is Net Income?

Net income is an important metric for businesses because it represents the money left over that can be distributed to shareholders, invested back…

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What Is Modified Adjusted Gross Income (MAGI)?

How the IRS defines and calculates different types of income affects taxes due. Modified adjusted gross income (MAGI) is one of them. MAGI is also…

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How to Issue a 1099 to an LLC

If your business pays an LLC more than $600 a year for rent, business services or independent contractors, you’ll need to issue a federal form 1099…

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Using a Home Business Address vs. Virtual Business Address

A virtual business address can solve some of the problems, such as privacy concerns, that can arise when running your business from your home.

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