Business Organization – Business Bookkeeping and Annual Tax Filing 

What does it take to run a business successfully? That is the question we’re answering in this series of articles on business organization—all the legal and financial nitty-gritty that needs doing beyond the exciting idea you had when you decided to start a business. One of those big nitty-gritty details is managing the financial accounts…

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Business Organization – It’s Not Just a Domain Name

Since we work with so many business owners who are building their own uncommon life, and since we talk so much about the power of business ownership, we wanted to write a series of articles about business organization—all the seemingly minute legal and financial details that need to be tended to so business can run…

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Business Organization – Corporate Veil 

This article is part of a larger series of articles about how to set up and organize a business both properly and legally. Today, our article is all about the “corporate veil”. Maybe you’ve heard the term before and wondered what that was referring to. The corporate veil is a legal concept that concerns the…

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Business Organization – The Annual Meeting

Part of being a business owner means following certain business formalities. One such formality is the annual meeting. What’s the big deal with these and why should you have an annual meeting? If you are structured as a corporation, it is a legal requirement to hold an annual meeting. For LLCs, it is not a…

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Business Organization – Corporate Seal

As we talk with clients about the power of business ownership, we encounter many questions about what it takes to set up a business, thus this series of articles. We’re covering just about everything, from the corporate structure to annual/biennial reporting, to upcoming articles on tax filing and bookkeeping—and everything in between. We want to provide…

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Business Organization – Annual or Biennial Report

Business drives the global economy and owning a business can have a huge impact on your own personal economy. We’re writing a series of articles about the nuts and bolts, best practices, and legal necessities around organizing your business. This week, it’s all about the annual/biennial report. For the sake of clarity, we’re writing about…

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Business Organization – Operating Agreement for Limited Liability Companies

Since business ownership is such a key point of conversation with so many of our clients, we’ve been writing a series of articles about business organization—all the stuff that doesn’t seem very exciting but is essential to legally own a business and creating a “corporate veil” between your assets and you. So, you’ve researched and…

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Business Organization – Registering the Entity Name

We often talk about the power of business ownership; with clients, on our Uncommon Life podcast, and pretty much to anyone who will listen to us! Organizing a business is nit-picky work, but it has to be done and done right. We are writing a series of articles about business organization because we know it’s…

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Business Organization – Incorporation of Your Business

We talk with clients all the time about the power of owning a business. There are so many ways you can use a business to build cash flow and wealth. It’s powerful! But how do you do it the right way? If you’ve never started a business before, it can feel pretty daunting. Sure, people…

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College and Adulthood Planning – Real Estate with Your Kids

The goal of parenting is, of course, raising solid, self-sufficient kids into adulthood. We’ve been exploring a bunch of different ways to do that, from money set aside in Roth or Traditional IRAs, to helping kids understand what it takes to run a business. With this article, we are going to focus on a variation…

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College and Adulthood Planning – Business

Ok, it’s soapbox time. We’re going to get into yet another area where our Uncommon approach varies from the conventional wisdom out there. You are probably familiar with the line of thinking that you should take more risks when you are younger because you can afford to lose money and rebuild. You have time. But…

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College and Adulthood Planning – Scholarships & Grants

In our previous post, we talked about the value of work. We stand by that, but, of course, we also have an uncommon twist to this idea – what if your college-bound child treated applying for scholarships and grants like a job? It may sound a little bit far-fetched, but it’s not. If a high…

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