One very important decision you must make when you set up a new business is determining which type of entity you will form. If you decide to set up an LLC, or limited liability company, you must then choose the type of management structure it will have. Here's what you need to know to make that important decision.
Multilevel marketing (MLM) businesses sell products or services directly to retail customers using commission-based, nonsalaried representatives who are encouraged to recruit new representatives and form their own sales networks. Understanding how MLM businesses work can help you avoid wasting time and money on an opportunity that is not a good fit—or is an outright scam. Read on to learn more.
If you have ever considered starting an ecommerce business, now is a great time to move from ideation to action. Online retail sales exploded to an all-time high amid COVID-19 lockdowns, travel bans, and brick-and-mortar closures, and this was not just a temporary bump. For many shoppers, purchasing both essential and nonessential items online is the new normal. Find out more.