Closing your business can be a tough decision, but sometimes it’s necessary. Whether you’re retiring, moving on to a new opportunity, or your business isn’t as successful as you had hoped, it’s important to close your business properly. In Arizona, you have the option to do this through an “out-of-court workout”. This can be a […]
Closing Your Business in Arizona: The Out-of-Court Workout Read More »
In today’s ever-changing work environment, more people work as independent contractors than traditional employees. Also known as freelancing, this status offers the flexibility to work on your own terms, choose your clients, and manage your workload. However, in a state like Arizona, some specific rules and regulations draw the line between an independent contractor and
Independent Contractor in Arizona? 7 Ways to Preserve Your Status Read More »
Planning for retirement can feel overwhelming, especially if you’re self-employed. Unlike traditional employees, self-employed individuals do not have access to employer-sponsored retirement plans like 401(k)s. Fortunately though, there are plenty of options available to help you build a comfortable nest egg. If you are in Arizona, here are the different retirement plans for the self-employed,
Retirement Plans for the Self-Employed in Arizona Read More »
There are many things to consider before becoming a self-employed consultant or contractor in Arizona. As with any career, it has advantages and disadvantages. Therefore, you must consider the pros and cons before you commit. If you are looking for independence and flexibility, this might be the path for you. However, it also comes with
Self-Employed Consultants & Contractors in Arizona: A Guide Read More »
Building a strong business image in Arizona, like anywhere else, is an intricate process. Long-term success will depend on how customers perceive your brand, and that is what the business image is all about. So, whether you’re a new business owner or looking to revamp your existing brand, there are several strategies you can employ
10 Ways to Build and Market Your Business Image in Arizona Read More »
Should you buy or lease your business equipment? This is one of the first decisions you will face as a business owner. Your choice will impact your cash flow, tax situation, and overall financial health. Let’s explore the pros and cons if you are running your business in Arizona: Ownership and Long-term Value Buying business
Business Equipment: Buying vs Leasing in Arizona Read More »
When businesses in Arizona face disputes, they often turn to the court system for resolution. This process is known as business litigation. Such disputes may occur between companies, their employees, or their customers. It happens particularly when the issues at hand exceed the jurisdictional limits of the Small Claims Court or are complex. In Arizona,
Business Litigation in Arizona Read More »
Running a small business involves keeping track of various financial metrics. This ensures that the business remains healthy and sustainable. One important financial document is the Cash Flow Statement. This document helps business owners understand the inflow and outflow over a specific period. To give you an idea, here’s a sample cash flow statement: Sample
Sample Cash Flow Statement for a Small Business in the US Read More »
Cash flow problems occur when an individual or a business does not have enough money to cover the expenses. This can happen for various reasons, including poor financial management, unexpected expenses, or a drop in revenue. Cash flow problems can lead to serious financial difficulties if not addressed promptly. Examples of Cash Flow Problems Individual:
Cash Flow Problems and Bankruptcy in Arizona Read More »
Creating a basic profit and loss (P&L) forecast is a fundamental step for any business in the US. It helps plan for the future, understand financial health, and make informed decisions. Here is a simple process of creating a P&L forecast that you can follow even if you’re not a finance expert: Basic Profit and
Basic Profit and Loss Forecast for US Businesses Read More »
