Author: Rhys Gregory

The state of Virginia has plenty to boast about. It has produced eight U.S. Presidents and is well known for being the home of the Pentagon, Arlington National Cemetery and Mount Vernon. As one of the wealthiest states in the country, it has an incredibly diverse economy from tobacco farming to crab fishing. The 3 main economic drivers are Architecture and Engineering, Banking and Finance and Computer Technology. Below is a list of a few innovative business ideas for prospective entrepreneurs looking to enter the market. Profitable Business Ideas 1. Virtual assistant If access to large amounts of capital is…

The U.S Census Bureau reported that in May 2022, over 420 000 new business applications were received.  An S corp is a standard business entity such as an LLC or a C-corporation that elects to be treated as an S-corp for taxation purposes. Setting up a business in the state of New York does not have to be complicated, especially with the step-by-step guide provided below. 1. Name the business Searching for a business name is easy when using some of the free online business name generators available. There are a few key points to remember when choosing a name…

As a business, electing S corporation (S corp) status offers various advantages in a number of ways. The Really Useful Information Company (TRUiC) provides extensive guides on all things business, including niche topics such as filing for S corp Florida status. What is an S Corp An S corp is a tax classification of the Internal Revenue Service (IRS) which in turn reduces the tax burden of a business. An S corp is considered a business status, and is not to be confused as a business structure.  An added benefit for owners of an S corp is the savings on…

Texas is home to 3 million small businesses that help make it the 10th largest economy globally, and these account for 99.8% of the state’s companies. According to the Office of Advocacy of the U.S. Small Business Administration, these businesses employ 4.9 million people, or 45.1% of the state’s employees. Known as the Lone Star state, there are several reasons why Texas has become a popular place to start a business. These include a rising population in fast-growing metropolitan areas, easy business compliance thanks to simple regulations, and a low tax burden. Understanding S Corporations S Corporations are not a…

Small businesses play such a huge role in the Californian economy, with 48.8% of the private workforce being employed by them in this state. Many of these businesses are limited liability companies (LLCs), which compose the largest group of registered business entities across the country. LLCs are also able to elect a tax classification called ‘S corp’ status, which is often confused for a business structure, despite not being one. S corps (or S corporations) are an Internal Revenue Service (IRS) tax designation that LLCs and corporations can file to become as long as they meet specific requirements. Despite the…

Orthodontic treatment using the technology of clear aligners is a rapidly developing part of the general orthodontic treatment market. This is according to academics who have recently written on the subject. The market has been fueled by two major contributing factors. Firstly the increase in demand for teeth straightening amongst adults and secondly the growing increase in the aesthetics of orthodontic treatment. Adults prefer a less noticeable and more subtle form of orthodontic treatment which clear aligners provide. There are also other options which provide aesthetic solutions to skew teeth in a fast and unnoticeable manner but they do not…

In recent years, the aligner market has seen a boom in sales. This is largely due to the affordability of the product, as well as the convenience that it offers. In addition to the natural convenience that teeth aligners provide, at-home aligners amplify this by often excluding the necessity to visit dentists and orthodontics in person. The clear aligner market is anticipated to to almost triple in size by 2028, and this serves as an indicator for its consistent growth as a product. At-home clear aligners are a large contributor to this growth. It is important to note that the…

The US Census Bureau has released new information about the business formation statistics in the US for May of 2022. There were 420,586 new businesses formed in the US in the month of May 2022. This represents a 0.6% decrease in business formations on a seasonally adjusted basis since April of 2022. This is largely due to a decrease in the number of business formations in the South and Midwest areas of the US. However, the West and the Northeast both saw increases in the number of formations. Additionally, the number of high-propensity businesses and the number of businesses with…

Starting a business in the U.S takes some strategic planning and a series of legal steps. The below guide provides the key steps necessary for entrepreneurs wanting to turn their ideas into actual businesses. Decide on a Business Idea The first step is to figure out what the business function will be and in which industry. A market analysis is a tried and tested method of establishing whether a business idea is viable.  A successful business will have to provide a product or service that is in demand or solves a key problem for its target market. It is also…

The UK is a beautiful country with a rich history and culture. It’s home to some of the world’s most beautiful sights like Scotland, England, and Wales. As it continues to grow as a global hub of business and trade, the UK has become one of the best places to invest in the UK. Several areas have been identified as good investment areas for UK investors. They include the following: 1- London  London is one of the best places to invest in real estate. It has a lot of advantages, including being a global capital and finance center, as well…