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Posted by: Myrick CPA Posted on: Jun 15 2023

What You Should Know When Planning to Start a New Business

Embarking on a new business venture is an exciting journey filled with possibilities. One crucial decision that entrepreneurs face is choosing the correct business entity. Selecting the appropriate entity, whether it be a Limited Liability Company (LLC), S-Corporation, or C-Corporation, can profoundly impact your financial planning and business structure. In this comprehensive guide, we will explore the available options and explain how your choice of business entity can shape your entrepreneurial path. Additionally, we will highlight the importance of seeking professional guidance from a Certified Public Accountant (CPA) to understand the nuances of different entities. Here’s what you should know when planning to start a new business.

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Posted by: Charles P Myrick CPA Posted on: Jan 05 2023

The Gig Economy: Is It Time to Become an Independent Contractor?

The worldwide pandemic and broadening technology have prompted huge changes in the workplace in recent years. Wide-ranging layoffs, dynamic spending habits, and record-high inflation have compelled many people to take on side jobs or part-time piece work to make ends meet. Many of these adjustments, while often unexpected, have not been unwelcome. Many new “Gig workers” have increased their income with their side hustles and are enjoying the newfound freedom in their schedules. If you’re considering taking on a side job or turning a hobby into a business in the coming year, you’ll want to consider the big picture regarding the Gig Economy.  Is it a good time to become an Independent Contractor? 

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Posted by: Charles P Myrick CPA Posted on: Jul 21 2022

Why Start Your Own Business?

Starting a business is hard work, and the success rate is low — just look at the first year failure rate. Only 78.5% of small businesses survive their first year.

There are many reasons that some business startups are more successful than others. One interesting line of inquiry looks at the reasons a person wants to be an entrepreneur. 

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