ABCs of Small Business Industry: T is for Trucking

incorporate in UtahFrom the time of the horse drawn carriage on, trucking has been an essential part of the American economy. It is up to the trucking industry, after all, to deliver any and all goods to various businesses across the nation. A lot of small business really couldn’t happen without the trucking indusry. So with an inherent need in their services, the trucking industry has always been relatively healthy.

Thinking about starting your own trucking business? Here’s what you need to get started: Continue reading

Business Basics: Privately Held Companies

Welcome to the first ‘Business Basics’ of the year! We are starting 2015 off strong by looking at privately held companies. The structure of privately held business is often misunderstood. People wonder what distinguishes a privately held company from a publicly one, or believe that any business run by a non-government entity constitutes a private company. That isn’t the case, and so to clear up any confusion, we’ve answered some of the more commonly asked questions we get about private companies. Privately Held vs Public Company

What is the difference between a privately held company, and a public one?

A privately held company is also known as a ‘closed company,’ because the ownership of the business is closed. In other words, you can’t just decide to buy a chunk of the business off of the market. Continue reading

6 Tips for Creating a Great Business Plan

September Small Business ChecklistWhatever the aims for your business might be, there is a good chance that at some stage you will need to draw up a clear plan for its progress. The process of creating a business plan can be hard work but it also serves a variety of important functions, not least that of potentially attracting the finance that small companies so badly need in order to get started.

With that in mind, here are 6 tips for getting it right when it comes to building a great business plan. Continue reading

ABCs of Small Business Industry: S is for Stockbrokers

Welcome to our weekly post on small business industry! We took a couple of weeks off for the holiday, but now we are back and ready to tackle S – Stockbrokers! The financial industry is notoriously complex, so starting your own, private brokerage firm can be a bit tough. Stockbroker However, with a bit of experience and all of the right qualifications, it can be done!

Are stockbrokers heavily regulated?
Yup! Independent brokers have to jump through loads of regulatory loopholes before they’re allowed to open their business. Continue reading

MyCorporation’s 2015 Small Business Industry Predictions

2015 is officially here! And business forecasters all across the internet are scrambling to their crystal balls to give their predictions as to what is, and isn’t, going to work in the new year. Of course, if you regularly follow our blog, you’d know we beat them by a good month with our infographic “2015 Small Business Industry Predictions.” But just in case you missed it, or you want a refresher as to what we think will be the best industries to start a small business in, here’s a quick rundown of what we think is going to happen.

What industries are going to do well in 2015?

Fastest growing industries

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What’s Next?: Ten Tips for a Successful 2015

How to Keep Your Sales Team MotivatedRight now as we tussle between finishing up commitments of the year gone by and anticipating coming opportunities, business owners and leaders are finding themselves taking stock of where they are, where they want to be, and identifying the things they need to do to get there.

Experts are predicting that 2015 will focus on physical and fiscal health and fitness. In addition to the more popular weight loss and general fitness categories, individuals will also be focusing on debt retirement and finding new ways to stretch their income.  On the corporate front, people are going to be looking hard for internal prospects and promotions; and greater numbers than ever before are planning to pursue entrepreneurial goals. Continue reading

Five Business Tax Differences Between the UK and the U.S.

Social media giant Facebook is set to incur further criticism for its tax avoidance techniques, after it was revealed that the firm will not pay UK corporation tax for the second year in a row. In the past, it has argued that it always meets the tax rules of every country it operates in.Accounting_Items_Calculation

That is a view echoed by many other global firms, while a number of other US firms have re-domiciled overseas to benefit from more efficient tax rules. These are the five most important tax differences between the UK and the U.S. Continue reading

Taking on a New Client: A Checklist for Accountants

Accountants and CPAs are comfortable sticking to the numbers and reports straight away when meeting with clients. Though logical enough, this may not be the best approach to build ongoing relationships.Closeup_Calculation_Paperwork

Successful client meetings build trust and create long relationships. Similar to other events in your organization, client meetings should be refined and renewed in a personal yet timely manner in order to make the most out of the meeting. If done well, meetings can be productive and can do wonders for your business; else they can be a disaster. Continue reading

Our Five Top Posts of 2014!

Happy New Year! 2014 was an awesome year full of growth and renewal here at MyCorp. It was also the best year our blog has ever had! And that’s largely thanks to the slew of guest-posters and small business experts who have been kind enough to contribute. While we could spend hours going over our favorite posts of 2014, we thought our time might be better spent highlighting some of the top posts from this last year.Top Posts of 2014

The Most Viewed – “3 Keys to Crafting the Perfect Logo”

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