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
What is Considered a Healthy EBITDA?
EBITDA, which stands for Earnings Before Interest, Taxes, Depreciation, and Amortization, is a widely used financial metric for evaluating a company's profitability and cash flow from operations. But what exactly constitutes a "healthy" EBITDA? The answer depends on several factors, including the
Accountant Jokes (National Accountant Appreciation Day)
Yesterday was National Accountant Appreciation Day. In honor of that, we've decided to have a laugh at the expense of accountants. So here's a pretty great collection of worthy accountant jokes. You may have heard them before or maybe not. In any event, be sure to kick back and have a laugh:
Property Taxes: the Burden of Home Ownership in Seattle
For homeowners in Seattle, the costs don't stop after the staggering price of actually purchasing a house. In addition to shelling out hundreds of thousands for a roof over their heads, Seattle residents also face some of the highest property tax burdens of any major U.S. city. Just how high are