Banking as a Service (BaaS) is a cloud-based platform that allows financial institutions to offer their banking services as APIs to third-party developers and businesses. This enables fintech companies and small and medium-sized businesses (SMBs) to access a range of financial services without the
Accounting Firms and FinTech: A Symbiotic Relationship
FinTech, a portmanteau of "finance" and "technology," has emerged as a disruptive force, transforming the way we manage our money. By leveraging cutting-edge technology, FinTech companies are offering innovative solutions that are challenging traditional financial institutions and enhancing
Planning Your Escape: A Guide to Startup Exit Strategies
The startup world can be a thrilling rollercoaster. You pour your heart and soul into building something innovative, and the dream is a spectacular exit – a lucrative acquisition or a splashy IPO. But amidst the hustle, a crucial element often gets sidelined: the exit strategy. An exit strategy
C Corp Structure: Venture-Backed Startups on the IPO Fast Track
For ambitious startup founders with visions of venture capital (VC) funding and an eventual Initial Public Offering (IPO), choosing the right business structure is a critical first step. While LLCs and S corporations offer advantages, the C corporation (C Corp) often emerges as the most strategic
Strategies on how to increase EBIT
Running a small business is exciting, but it can also be financially tricky. You dream of scaling up, but loans often require a strong track record of profitability. That's where EBIT (Earnings Before Interest and Taxes) comes in. What is EBIT and Why Does it Matter? EBIT is a key metric that
Seattle’s Sweet Success: Could a Soda Tax Fund Your Child’s Education?
Remember the uproar in 2017 when Seattle passed a tax on sugary drinks? Critics predicted economic doom and gloom for small businesses, while others questioned the effectiveness of such a measure. Fast forward to today, and the story is taking a surprising turn – one that could have a significant
Is Seattle Better or Worse for Business?
A recent article by KPQ paints a bleak picture for aspiring entrepreneurs, ranking Washington as the worst state to launch a business. While the study by Eton Venture Services highlights some challenges, Seattle, and Washington as a whole, boasts a vibrant startup ecosystem with success stories that
Operating Your Sole Proprietorship as a DBA: What You Need to Know
As a sole proprietor, one of the first decisions you'll need to make is whether to operate under your personal name or file a fictitious business name, also known as a "doing business as" or DBA. Using a DBA can provide some advantages but also comes with some additional requirements. Here's what