How Many Security Guards Are in the US? Overview of Private Security Industry

The merger between G4S and Allied Universal creates the world’s largest private security company, generating over $18 billion in revenue and employing over 750,000 guards and staff. Security Guard Statistics Estimates count over 1.1 million private US security guards versus 660,000 law enforcement officers. The average guard site has two to four guards. While presidents’ … Read more

Do Webtoon Creators Get Paid?

Webtoon Earnings Overview Webtoon artists can make between $100-$2000 a month by posting comics on platforms like LINE Webtoon. Their earnings depend on page views. According to an interview, the base pay for featured LINE Webtoon artists was $2,000 a month. Income varies based on the comic’s popularity. An average artist earns $25k-$40k annually. Top … Read more

Can 2 Companies Have the Same Name?

Can Two Companies Have the Same Name? If two businesses operate in different industries or regions, they can have similar names without causing confusion or competition. Using Trading Names You can use multiple trading names, but avoid using the same name as a registered company in the same industry. Ownership of Business Names The first … Read more

What Are the Major Disadvantages of a Sole Proprietorship? Disadvantages of Sole Proprietorship

The biggest disadvantage of a sole proprietorship is unlimited liability. This means creditors can access personal assets to collect overwhelming business debt or legal claims. Financial Challenges and Business Continuity A sole proprietorship has limited financial resources. The business relies solely on the owner’s finances and credit history. Banks are doubtful about repayment ability. There … Read more

Is a Draw the Same as a Dividend? Understanding Draws and Dividends

A draw and a dividend present the same idea – withdrawing company profits for personal use. Drawings are associated with small businesses like sole proprietorships, partnerships, and LLCs. Dividends are linked to listed or large private companies. Considerations for withdrawing funds include entity structure and taxes. Sole proprietorships, partnerships, and LLCs do not affect owner … Read more

Which State Has the Highest Minimum Wage 2024?

Washington to Lead in 2024 The highest state minimum wage in 2024 will be Washington at $16.28, up from $15.74. California follows at $16, up from $15.50. Hawaii has the biggest increase at $2. New Minimum Wage Updates Newcomers hitting $15 are Maryland, New Jersey, and most of New York State. New York City, Westchester, … Read more