On December 22, 2017, President Trump signed the Tax Cuts and Jobs Act of 2017 into law. The Act was the biggest change in tax laws in more than 30 years and brought about many changes for individuals and companies. Overall, we believe that the changes will benefit new businesses by lowering tax rates, accelerating the depreciation of equipment and eliminating the corporate alternative minimum tax. In this article Andy McCormack of EGFS and Doug Bend of Bend Law Group discuss the top seven ways the new tax law could affect your startup.
Most of the startup companies we work with at EGFS spend their early days building out their great teams and technologies. There will come a point, however, when this development must lead to sales and company growth. For many founders, this may be their first time selling a product or service, so we decided to put together a guide to help you close your first sales and start growing your business.
Winning a prestigious industry award or a spot on a well-known business list is a big deal — and so is the branding potential it brings to your business. According to successful entrepreneurs, here are nine ways to leverage your achievement to build awareness and credibility for your company.
A capitalization table (commonly referred to as a “cap table”) is a spreadsheet that shows the ownership and overall capital structure of a company. It usually lists founders first, but can include executives, key employees who have equity, and investors. A well-managed cap table can help your company attract investment and prevent diluting your stake.
"For most small business owners, taxes end up at the bottom of a very long list of things to worry about. Having a professional handle your taxes can take an important load off of your shoulders (and off your mind), allowing you to stay focused on growing your company."
— Anjum Tunulim, Chief Tax Officer, Early Growth Financial Services
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