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Starting and Running a Family Business

Many families are in business together, and that's great. Family members can be employees or investors, too. To help you keep the relationship - and the business - running smoothly, it's best to plan carefully and put agreements in writing. 

More Information on Family Businesses
US Business Law / Taxes Spotlight10

Business Startup Timeline

Ready to start a business? General business startup steps described and time estimates included. It depends on your specific business, esp. location.

Best Business Practices

Good business practices keep a business profitable, avoid audits and legal costs, and been seen as legitimate for taxes and regulations.

Why Business Agreements Should Be In Writing

Business contracts and agreements should be put in writing. Putting contracts and agreements in writing is smart business practice.

How Do I Start a Partnership? What Do I Need to Do?

Steps in starting a partnership, including types of partnerships, applying for state registration, getting a partnership agreement.

Hobby vs. Business

Business or hobby? Businesses can take losses on tax returns, but hobby activities cannot deduct expenses for losses. How to make sure the IRS sees your business as a business and not a hobby.

How Does an LLC Owner Get Paid?

How an LLC owner is paid, taking a draw from business profits. How LLC owners pay self-employment taxes.

Business Start-up Help

Where to get help with business start-up. Starting a business means getting information and advice from others. Here are some sources of help.

Buying a Boat or Airplane for Business

Buying and using a boat or airplane for business purposes - qualifying for depreciation and business expense deductions for entertainment facilities.

Inactive Business

The inactive business - answers to questions. What is an inactive business? Must an inactive business pay taxes? What notifications are required?

Microbusinesses for Teens

Teens can start their own micro businesses, making money and having fun doing it. Carol Topp, CPA, answers questions about teen micro businesses.

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