Businesses have no control over market prices in a perfectly competitive market. If they do not adjust their product prices accordingly, they can face massive profit losses. Nonetheless, as a business owner, you still have control over reducing costs while keeping up...
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Business Law
How can I secure funding for my business as a sole proprietor?
Starting a business is exciting, but it can be challenging without the proper funding. Luckily, there are several ways to get the money you need to turn your idea into a successful business. Through bootstrapping Bootstrapping is the most common and accessible way to...
Should I start a new business or purchase an existing one?
Embarking on the entrepreneurial path is a thrilling prospect. However, every decision you make will require careful consideration. Right from the beginning, you need to be clear about the path you should take. Should you start a new business or acquire an existing...
What must social media influencers do when endorsing a product?
One benefit of being a social media influencer is simply getting a message out to the public. But being a social media influencer can be financially lucrative when the influencer’s page or uploads have many viewers and likes. Social media influencers can also make...
How do the IRS and Alaska tax an LLC
Entrepreneurs who seek to create a limited liability company (LLC) must consider six topics before they start: incorporation, structure, operations, prospects for expansion, taxation, and dissolution. Operating agreements usually address most of these issues....
Is intellectual property licensing a good idea?
Businesses are always on the lookout for ways to maximize profitability and add additional income streams. This is why intellectual property licensing can be such a boon for established Juneau, Alaska, businesses. Intellectual property licensing? Intellectual property...
Do you really want to build a new business from the ground up?
Many people in Alaska dream of escaping the rat-race and owning their own business --perhaps having to do with hunting, fishing or other outdoor activities. However, not everyone wants to start a business from the ground up. These individuals may be interested in...