Ask Entrepreneur

How Should I Prepare for a Future As an Entrepreneur?

I am 17 years old and I'm hoping to be an entrepreneur some day. I have a few business ideas, but nothing solid yet, and I haven't yet started college. What steps can I take now to prepare myself to be a successful founder when I'm a little older?
Ryan Himmel

How Should an LLC Pay for Its Medicare Policy?

Should the sole member of the LLC pay for his Medicare supplement policy by personal check or as a company benefit?
Ryan Himmel

How Can I Generate Leads With a Limited Marketing Budget?

I am the marketing manager of a company providing mobile and web application services. We wish to target startups and other companies that want to make an app for their business. We are looking for databases, PPC campaigns and similar ideas. But with a limited budget, which is the best place to start?
Ryan Himmel

What Is the Best Way to Relaunch a Business?

I recently had a number of setbacks early in the year which slowed things down dramatically. Now that things are getting back on track again, I need to figure out how to get back into the race. Any general suggestions on marketing, gaining new customers and so on?
Brad Sugars

How Can I Implement an Inventory Tracking System?

My father owns a small retail hardware store, but there is no electronic system to keep track of the inventory. He and his employees do a physical count or guesstimate to see what items need to be ordered. The employees are not very computer-savvy. How can he implement an inventory tracking system that will be as easy as possible to put in place and learn to use?
Brad Sugars

What Is the Difference Between an LLC and a Partnership?

I'm trying to sort out my options for incorporation, and I'm a bit lost. I'm interested to know the differences between an LLC and a Partnership. And if I register my business as an LLC, can I later change to a partnership?
Nina Kaufman

Where Should I Register My Online Business?

I live in the U.S., but I am starting an online business in Brazil and I will be selling Brazilian products through my site. There will be no shipping from the U.S since all the products are in Brazil. However, I am creating the website here in the U.S. Do I need to register the business here in the U.S., in Brazil or in both?
Nina Kaufman

How Do I Choose a Merchant Provider?

As a new business, I'm having trouble choosing a merchant provider. Could you explain how to determine which credit card processor is best for me?
Ryan Himmel

Should I Hire Contract or Full-Time Employees?

I am a self-employed LLC that provides compliance consulting services on a contract basis. These contracts are usually set for 12 months. Since I am concerned with keeping new employees employed past the contract period, should I hire employees on a contract basis rather than as full-time hires?
Penny Morey

What Is the Limitation on Refund Claims?

I help companies in the U.S. to source goods from other countries. My manufacturer delivered a shipment nine months ago, and the buyer has now sent a claim for $30,000 for bad goods. Is this claim valid after so many months?
Nina Kaufman

Can I Add Not-for-Profit Outreach to My Existing Business?

I run benefits for local individuals in my community, and I would really like to put a name on this charity work and use my for-profit company as a permanent sponsor. Can I do this and still be legal or do I have to file a 401(c)3?
Nina Kaufman

Do I Need an LLC to Start Up a New Online Business?

I am going to be a wholesaler of tropical fish, corals and things of that nature. I just purchased the domain for the website that I am building. Do I need to obtain an LLC?
Nina Kaufman

Can an Employer Dismiss an Employee Who Was Arrested?

We have an employee who was arrested for drug possession, can we take him off the schedule, even if he got out on bond and is able to work? We are a health-care facility.
Penny Morey

What Can I Expense When Running a Business Out of My Home?

What can I expense when running a business out of my home? For example, can I expense rent?
Ryan Himmel