The Source

Small Business

Limited Partnerships: What You Should Know

5 minute read

February 22, 2021

To say that the ownership structure of your business has significant implications would be an understatement. This is because ownership structures influence operations, tax treatment, and your personal liability for debts acquired by the business.

SBA Loan Applications: The Approval Process Explained

5 minute read

February 16, 2021

Many small business owners know that they’ll require additional working capital at some point. Often, one of the first places they’ll seek this funding is through the federal government.

Credit Cards vs. Debit Cards: What’s Right for a Business?

5 minute read

February 4, 2021

As a business owner, you have many choices when it comes to almost every aspect of your company’s finances. This is particularly true when it comes to choosing whether to manage your daily spending with...

How To Utilize Virtual Office Space For Your Business

5 minute read

January 13, 2021

Working from home provides many benefits to business owners, such as added convenience and affordability. However, it has one distinct disadvantage; working from home can de-legitimize your business in the eyes of certain clients.

Gross Profit Formula: How to Calculate Your Gross Profit

3 minute read

January 10, 2021

Depending on your business’s industry, gross profit may be more relevant than net income or other performance measures. Although these figures are all obviously highly related, understanding the differences between them is still very important...

How to Break Into New Markets with Your Existing Business

5 minute read

December 16, 2020

For any business, there are many important balances to strike. You must provide great service, but at a reasonable cost. You want to allow employees their freedom and creativity, without creating chaos.

Our Guide to Equifax Business Credit

5 minute read

December 11, 2020

As a small business owner, you have a personal credit score and a business credit score. Your business credit score shows how likely your business is to repay debt. Equifax is one credit bureau that...

Break Even Analysis: A Quick Overview

5 minute read

December 4, 2020

Are you interested in implementing a break even analysis (BEA) for your goods and services? In this post, you’ll learn what a BEA is and how you can use it to determine the best product...

How Can Your Small Business Use a General Ledger?

5 minute read

December 3, 2020

As a business owner, you’ll need a system to ensure that you're accurately managing your business’s financial information. For many business owners, the general ledger is the foundation of that system. A general ledger should...