How New E-Commerce Entrepreneurs Can Form an LLC Quickly
How New E-Commerce Entrepreneurs Can Form an LLC Quickly
We met with Sam Mollaei, the #1 Rated Business Lawyer For Entrepreneurs, to discuss the importance of forming your business entity correctly the first time, and common traps to avoid.
Resources/Links:
Valuable free resource: You can begin the process of forming your new LLC with Sam Mollaei on his website here.
Free State Audit Risk Guide!
See which states pose the greatest risk to your business.
State-by-State Audit Risk Percentages
How DigiTax PRO™ Minimize Multi-State Income Tax Risk For E-Commerce Companies
How DigiTax PRO™ Minimize Multi-State Income Tax Risk For E-Commerce Companies
We sat down with Chris Mahler, CPA from the DigiTax PRO team to talk about why it’s critical that e-commerce businesses understand their multi-state income tax risk, and what they can do to minimize their risk.
Resources/Links:
Valuable free resource: You can contact the DigiTax PRO™ team on their website: https://www.digitaxpro.com/
Free State Audit Risk Guide!
See which states pose the greatest risk to your business.
State-by-State Audit Risk Percentages
How Alex Roytenberg Helps Growing Businesses Manage Multi-State Income Tax Risk
How Alex Roytenberg Helps Growing Businesses Manage Multi-State Income Tax Risk
Episode Summary: In this episode, Alex interviews Alex Roytenberg, a CPA who specializes in business and personal tax planning, tax strategy, and tax compliance. Alex discusses how growing small midsize businesses with customers in multiple states can minimize their risk of a costly multi-state income tax audit.
Resources/Links:
Valuable free resource: You can contact Alex and his team by contacting them on their website.
Free State Audit Risk Guide!
See which states pose the greatest risk to your business.
State-by-State Audit Risk Percentages
How JJMansField Helps Small Businesses Mitigate Multi-State Income Tax Risk
How JJMansField Helps Small Businesses Mitigate Multi-State Income Tax Risk
Episode Summary: In this episode, Alex interviews Jennifer Mansfield of JJMansfield, an accounting firm that specializes in accounting, tax, and advice. Jennifer discusses how small businesses and e-commerce companies can minimize their risk of a costly multi-state income tax audit.
Resources/Links:
Valuable free resource: You can contact Jennifer and her team by contacting them on their website.
Free State Audit Risk Guide!
See which states pose the greatest risk to your business.
State-by-State Audit Risk Percentages
How airCFO Helps Startups Manage Multi-State Income Tax Risk
How airCFO Helps Startups Manage Multi-State Income Tax Risk
Episode Summary: In this episode, Alex interviews Baixue Ma of airCFO, an accounting firm that specializes in tax, bookkeeping, financial advisory, and more. Baixue discusses how startups and fast-growing companies can minimize their risk of a costly multi-state income tax audit.
Resources/Links:
Valuable free resource: You can find free income tax resources on airCFO’s website by clicking here.
Free State Audit Risk Guide!
See which states pose the greatest risk to your business.
State-by-State Audit Risk Percentages
How to Minimize Sales Tax Risk When Selling Your Business
How to Minimize Sales Tax Risk When Selling Your Business
Episode Summary: In this episode, Alex interviews Kyle Brehm of Fredrikson & Byron, P.A., a law firm that specializes in sales tax disputes. Kyle discusses how entrepreneurs can avoid potentially costly mistakes when they are looking to sell their business.
Resources/Links:
Valuable free resource: A free on-demand webinar that goes into more detail on how to avoid state tax pitfalls when you are looking to sell your business. Access the webinar here.
Free State Audit Risk Guide!
See which states pose the greatest risk to your business.
State-by-State Audit Risk Percentages
Business Brokers & Business Advisors: What’s the Difference When Selling Your E-commerce Business?
Business Brokers & Business Advisors: What’s the Difference When Selling Your E-commerce Business?
Episode Summary: In this episode, Alex interviews Chris Shipferling of Global Wired Advisors, a digital investment bank that focuses on optimizing the business sale process. Chris discusses how Global Wired Advisors works with e-commerce businesses, digitally native brands, SaaS, and digital agencies to yield the best outcome when it comes to an exit.
Resources/Links:
Valuable free resource: A complimentary consultation on your business with Global Wired Advisors. Check out their website or email Chris at cs@globalwiredadvisors.com.
Episode Highlights:
Global Wired Advisors ideal client: A growing, maturing, cash-flowing company with an EBITDA margin of at least $1-$5 million. The businesses that they work with are typically e-commerce, digitally native brands, SaaS, and digital agencies that have a presence in many of the marketplaces.
Problem Global Wired Advisors helps solve: Most people start a business with a plan for an eventual exit. Global Wired Advisors helps a business grab and yield the best outcome when it comes to an exit.
Typical symptoms that clients have before reaching out to Global Wired Advisors: Businesses are generally unaware of where they truly have value and where there is “hiccup” for getting maximum value out of the business. Global Wired Advisors partners with the business to help them determine if they are truly ready to go to market.
Common mistakes that folks make before finding Global Wired Advisors and his solution: Common misconceptions in terms of being ready for an exit include: not realizing the need for clean books, not understanding their liabilities (including tax liability), assuming the business is worth more than it really is.
Global Wired Advisors Valuable Free Action: Don’t assume you are great at something. Be humble enough to hire an expert.
Global Wired Advisors Valuable Free Resource: A complimentary consultation on your business with Global Wired Advisors. Check out their website or email Chris at cs@globalwiredadvisors.com.
Free State Audit Risk Guide!
See which states pose the greatest risk to your business.
State-by-State Audit Risk Percentages
How to Protect Your E-Commerce Images from Theft on Amazon and Everyone Online
How to Protect Your E-Commerce Images from Theft on Amazon and Everyone Online
Episode Summary: In this episode, Alex interviews Hansen Tong. Hansen shares how to protect your e-commerce images from theft.
Resources/Links:
Check out Hansen’s blog post, Protecting E-Commerce Marketing Content and Photos Through Copyright Registration.
Episode Highlights:
TOS Lawyer’s ideal client: Online e-commerce or service-based businesses.
A problem TOS Lawyer helps solve: One of the biggest issues relates to photographs. Photographs market products to viewers, yet it is common for this content to get stolen. Hansen addresses what businesses can do about this.
Typical symptoms that clients have before reaching out to TOS Lawyer: A business might note a competitor using the same product descriptions, photographs, or marketing materials.
Common mistakes that folks make before finding TOS Lawyer and his solution: Not copyrighting photos and protecting your intellectual property. For up to $50 you can copyright a collection of up to 700 photos with the US Copyright Office. Even though the form is short, it can be confusing and nuanced.
TOS Lawyer’s Valuable Free Action: Consider copyrighting your photographs with the US Copyright Office.
TOS Lawyer’s Valuable Free Resource: Name of resource: Check out Hansen’s blog post on this very topic!
Free State Audit Risk Guide!
See which states pose the greatest risk to your business.
State-by-State Audit Risk Percentages
How Privacy Policies Impact Your E-Commerce Business
How Privacy Policies Impact Your E-Commerce Business
Episode Summary: In this episode, Alex interviews Abe Lichy of The Lichy Law Firm. Abe shares how privacy policies may impact your e-commerce business.
Resources/Links:
Title of valuable free resource: Take a look at lichylaw.com for more related content. You can also check out Abe’s podcast, The Art of Starting Up.
Episode Highlights:
The Lichy Law Firm’s ideal client: Early stage start-ups in tech, fashion, e-commerce, Amazon sellers, social media, or consulting.
Problem The Lichy Law Firm helps solve: E-commerce clients tend to overlook privacy issues. They also have a lot of confusion about terms of use/service.
Typical symptoms that clients have before reaching out to The Lichy Law Firm: A company might not be acting in alignment with their privacy policy terms and somebody could have a claim against you.
Common mistakes that folks make before finding The Lichy Law Firm and his solution: Not knowing what should be in a privacy policy and not thinking through how to use, collect, and preserve the data.
The Lichy Law Firm’s Valuable Free Action: Search and learn about privacy policy considerations.
The Lichy Law Firm’s Valuable Free Resource: Look at lichylaw.com for more content. You can also check out Abe’s podcast, The Art of Starting Up.
Free State Audit Risk Guide!
See which states pose the greatest risk to your business.
State-by-State Audit Risk Percentages
How Running Your Business Can Be Easier with Expert Bookkeeping
How Running Your Business Can Be Easier with Expert Bookkeeping
Episode Summary: In this episode, Alex interviews Steven Muller from Bookkeeper360 where he talks about the importance and impact of running a business with expert bookkeeping.
Resources/Links:
Check out the promotions on this page from Bookkeeper360, including a 30-minute needs assessment.
Episode Highlights:
Bookkeeper360’s ideal client: They cater to a wide range of businesses from start-ups to companies making tens of millions. They work with a lot of professional services, E-commerce, and tech businesses.
Problem Bookkeeper360 helps solve: They help make it easier for the business owner to focus on their passion by handling the bookkeeping, back-office needs, payroll, and taxes.
Typical symptoms that clients have before reaching out to Bookkeeper360: They never really have a good understanding of their finances.
Common mistakes that folks make before finding Bookkeeper360 and his solution: Either they will try to build a finance department internally or they will choose the most inexpensive solution.
Bookkeeper360’s Valuable Free Action: Reach out to Steven Muller at Bookkeeper360 and he will be more than happy to look at your books to see if anything jumps out as concerning.
Bookkeeper360’s Valuable Free Resource: Check out the promotions on this page, including a 30-minute needs assessment.
Free State Audit Risk Guide!
See which states pose the greatest risk to your business.
State-by-State Audit Risk Percentages