As your business grows, it's essential to ensure that your business structure continues to align with your goals. Whether you're adding new products, changing ownership, or simply evolving, the structure of your business can have significant tax and operational implications. Let's explore some of the most common business structures—Hobby, Sole Proprietorship, LLC, S-Corporation, and C-Corporation—and what they mean for your company.

The Washington, D.C. metropolitan area is a dynamic region made up of multiple jurisdictions, each with its own set of tax laws which small businesses must follow. Understanding the tax implications of conducting business across state and local boundaries is vital for all small businesses, but especially those operating in this unique part of the country. Adhering to the different tax filing requirements  in each jurisdiction can be challenging.  For owners of small businesses in DC, there are many state and local tax issues to consider.

Running your own business can be a rewarding, exciting, and profoundly fulfilling journey, but it's not without its challenges. Cash flow management is a critical aspect of success that requires close attention and planning. Your cash flow is the lifeblood of your business, which means managing it efficiently is vital. Not managing cash flow properly can result in major headaches for small business owners. Read on for some practical advice on how to achieve better cash flow management for your small business.