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When you are an entrepreneur, you have a whole different set of financial matters to deal with. Most likely the issue of greatest importance is keeping your personal and business finances totally separated from each other.

The most basic way of keeping your business and personal monies completely apart is by having both a small business bank account and a small business credit card. Obviously, the business financial accounts will then be used only for business purposes, and your personal financial accounts will not be used for business. This will keep your tax professional and the taxman off your back.  Read more... (343 words, estimated 1:22 mins reading time)

Almost everybody uses a phone as a basic communication form. Did you know that there exists a simple and cheap way to make your telephone number work harder for you?

A toll free telephone number can be a great asset for you, if used the right way. Small businesses are not the only things that can make use of a toll free telephone service. Think about how cool it would be to have a personal toll free number you could give to someone when you told them to give you a call?  Read more... (326 words, estimated 1:18 mins reading time)

Once you are a business owner, you have a whole new set of financial matters you are faced with. Probably the most important of these is keeping your business and personal expenses completely separate from one another.

The easiest way of keeping your personal and business monies completely separate is by having both a bank account for your small business and a credit card for your business. Obviously, these small business accounts will then be used only for business purposes, and the personal accounts will not be used for business expenses. This keeps your accountant and the taxman happy.  Read more... (327 words, estimated 1:18 mins reading time)

If you have a small business, or are thinking of beginning one, you need to think of the liability consequences of doing so. When you are a business owner, you are potentially subjecting yourself to more legal liability than you had before you were your own boss.

Another thing that you have to consider when you are an entrepreneur is taxes. Small business taxes are handled in a different way than personal taxes, so you have to know of what is happening with your company taxes. Of course, this is where an accountant can come in real handy.  Read more... (339 words, estimated 1:21 mins reading time)

A big decision that you are faced with when you make the choice to become an entrepreneur is deciding on the structure that you going to form your business as. You have several choices as far as choosing a small business structure. As an example, your company can be formed as a corporation, a limited liability company, or a sole proprietorship.

A very popular company structures that is used today is the limited liability company, or what is more commonly referred to as an LLC. With an LLC, your small business will have many of the benefits of a more traditional corporate structure, without a lot of the reporting requirements of a corporation. As a good idea, you should seek the advice of a professional before you choose a structure for your business.  Read more... (363 words, estimated 1:27 mins reading time)