Are Independent Bookstores Profitable?

Independent Bookstore Statistics Sales at independent bookstores rose nearly 5 percent in 2018, with average annual growth of 7.5 percent over the past five years. The average annual revenue of independent bookstores in the US is $634,000. Independent bookstores outperform chain bookstores, with a 3.2% higher net profit margin. Independent bookstores brought in $697 in … Read more

How Do I Start My Own Meditation Business? Overview of Starting a Meditation Business

I’m a Content Manager at MemberSpace helping entrepreneurs and creators sell digital products. You can get your new business up and running in just 48 hours with the help of MemberSpace. Initial Steps in Starting a Meditation Business Let’s walk through the process of starting a meditation business step-by-step. First, you’ll need a name. Next, … Read more

Do Writers Form an LLC?

Benefits of Forming an LLC for Writers Limited liability protection Tax benefits Credibility Separate personal assets from business Drawbacks of Forming an LLC for Writers Formation costs Paperwork and annual fees Increased record-keeping Who Should Create an LLC as a Writer? Full-time freelance writers Writers planning to grow their business Cost-effectiveness for part-time writers Insurance … Read more

How Are Pass-through Entities Taxed?

Overview of Pass-Through Entities A pass-through entity passes all income and losses to the owners. The owners then report this income and pay taxes on their personal tax returns. Pass-through entities include sole proprietorships, partnerships, limited liability companies, and S corporations. These entities avoid double taxation, meaning the income is only taxed once on the … Read more

How Do I Get a Nebraska Employer Account Number? Applying for EIN and Nebraska Tax ID Numbers

To apply for an Employer Identification Number (EIN) in Nebraska, submit Form SS-4 online, by mail or fax. Businesses can also authorize a third party to apply on their behalf. Register online with the Nebraska Department of Labor (DOL) to obtain an Insurance Tax Account Number and rate within 7 days. Business Tax Registration in … Read more