A Place For Everything: Combating The Business Paperwork Pandemic

owning and operating a small businessDeath and taxes may be a certainty, but in business, paperwork is a close third. A bank statement here, a receipt there. Soon enough your stack of papers rivals The Leaning Tower Of Pisa. But there is hope! As a small business owner, you wear many hats – from sales to accounting – but no matter your role, there are benefits to getting your paperwork in order. You’ll save time, money, and whoever you’ve chosen to sift through your receipts will thank you for it. And it’s easier than you might think! (more…)

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LinkedIn Series Part 3: Paid Advertising

LinkedIn is a very effective medium to increase customer acquisition, especially in the Close up shot of entering credit card number to make a purchase onlineBusiness to Business market.  But with the different types of advertising, the bidding payment system, and a plethora of targeting opportunities, the advertisement choices on the platform can be a tad difficult to navigate. The key to understanding LinkedIn paid advertising is to know a great deal about your target audience.

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Experts Weigh In: How do you build long-term relationships with your customers?

business servicesBuilding a strong customer base can be tough. Turning those customers into long-term customers who’ll come back time and time again is even tougher.

At MyCorporation, we’ve found that creating a login feature keeps our customers wanting to work with us. With MyCorp Vault, our customers can login to access their business documents whenever they need them. We also consistently provide assistance to businesses throughout their entire lives with services like filing annual documents.

We asked our small business owners how they create long-term relationships with their customers and this is what they had to say: (more…)

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LinkedIn Series Part 2: Attracting a Base Organically

So you are all set up with a personal profile and company page, and now you want to 7 Ways Social Media Can Take Your Business from Good to Greatattract your target audience. There are a couple of different ways to go about creating content, but the most important thing to remember is to give before asking. Whether it’s contributing to your own groups, your friends’ groups, or your company page, very little of your content should be conversion based. Nobody wants to follow someone who only takes and never gives.

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MyCorp FAQs: Does my Online Business Have to Collect Sales Tax?

All businesses pay a federal income tax, whether its as its own entity or through the income tax of the owner. But, sales tax is a completely different story. Sales tax is determined by each individual state and the requirements for multiple state businesses are often complicated. sales taxThose requirements get further complex when you are an online business as you may not have any physical presence in the state itself. Whether or not your online business has to pay sales tax all depends on the states’ definition of one word: nexus.

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How to Successfully Start Your Own Business in 6 Steps

Come_In_Were_OpenAccording to Bloomberg, 8 out of 10 new small businesses will fail within the first 18 months. In other words, it’s not easy being your own boss. To make it as a company involves planning, making sound financial decisions and carrying out what seems to be an endless list of legal activities.

Of course, that’s just the beginning. Even after all your paperwork has been completed and you’ve given the first down payment to secure that business location you had your eye on; there are other things you need to figure out: Will you limit your online presence to a “simple” website or will you have some sort of social media presence? Will you buy a phone system or settle for a softphone? Will you hire any remote workers or you plan to keep your staff local?

Here are the key obstacles an entrepreneur must overcome to successfully start a new business: (more…)

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MyCorp FAQs: How Do I Know the Value of My Business?

If you have ever watched the TV show, Shark Tank, you know just how aloof business estimated tax paymentevaluations can be. The mere fact that a valuation can be negotiated shows just how much subjectivity business evaluations hold. But regardless of how you come up with the number, the valuation of your business is vital. The value of your business can help you determine your company’s financial and competitive standing. For larger public corporations, a valuation is typically created through the stock price. What about private corporations? There are three easy ways to find the value of your business regardless of size.

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