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The process of registering your business as a sole proprietorship doesn't have to be complicated. In fact, everything from choosing a business name to registering your DBA with the state to applying for an EIN number and necessary licenses can be completed in just seven easy steps. Here's how to start your own business in 7 steps. Step 1. Decide on a business name Coming up with a business name can be a lot of fun. It represents you and the product or service you offer. People will associate this name with you, so it's important that it represents your…

If you are looking to start your own business in manufacturing but are not sure of the best idea to pursue, we’ve got you! There are a lot of manufacturing business ideas out there, so picking one might be overwhelming. In this article, we look into some of the most profitable manufacturing business ideas and narrow them down to 15 to help you pick. You will also learn more about manufacturing business definitions and how to start a manufacturing business. Let’s jump in. What is a manufacturing business? A manufacturing business is one involved in the production of goods by…

Incoming Suffolk County Executive Ed Romaine spoke at the Vision Long Island Summit. matthew page Sign up for LI Press' email newsletters to get news, updates and local information delivered straight to your inbox. Vision Long Island held its 22nd annual Smart Growth Summit on December 1st. The daylong event, held at Crest Hollow Country Club in Woodbury, featured more than 100 speakers from 50 Long Island communities and brought together residents across political and physical boundaries. We discussed the challenges faced and potential solutions. The event featured panels and workshops throughout the day, as well as a luncheon featuring…

Eric Audras | PhotoAlto Agency RF Collection | Getty ImagesAdditionally, increased income can have other financial consequences, such as higher Medicare Parts B and D premiums, known as the Income-Related Monthly Adjustment Amount (IRMAA), Mullikin said.”Additional income from higher yields is taxed at progressively higher rates, but IRMAA is applied as a surcharge,” he said. “This means that even $1 of additional income can cause premiums to rise.”But financial experts say other investment options may help minimize your tax burden.If you have a lot of cash, you may want to consider Treasury bills, says Katherine Varega, CFP at Green Bee…

Often, the hardest part about running a business is finding the right idea—one that fits in with your day job, allows you to work from home, or monetizes a skill you already have. If you’re an entrepreneur in a creative lull, this guide shares 18 ecommerce business ideas that generate profit fast. 18 profitable ecommerce business ideas Start a dropshipping business Start a private label beauty products Sell handmade items Create merchandise Sell subscription boxes Create online courses Start a clothing line Flip children’s toys Sell on marketplaces Sell books Sell your photos Create organic and natural products Sell customized…

The U.S. economy is entering its fourth year of an expansion that began in May 2020, according to the Business Cycle Dating Committee at the National Bureau of Economic Research (NBER) in Cambridge, Massachusetts. A year and a half ago, I said: Business and politics talk column Measures of production, income and sales showed economic growth, not the recession predicted by Permabear and some partisan observers. This issue is relevant to state fiscal policy, as revenues tend to follow cycles. Why do we believe the U.S. economy is still expanding? Four reasons. There's also one possibility as to why the…

StudioEasy/iStock via Getty Images Debt Structure – Leverage The current recorded on-balance sheet dollar liabilities are $94,75 Trillion. See the breakdown below: TOTAL DOLLAR LIABILITIES (FRED, BIS) Current dollar liabilities is 357% of U.S. GDP currently (recorded $94 T., not included $80T FX Swaps, other offshore bilateral repo transactions). After the GFC dollar leverage (recorded on balance sheet) structurally decreased from 380% of GDP to 340% by the end of 2019. In a response to COVID debt to GDP jumped to 410%, since than moderated to 357%. U.S. Debt to GDP (TRADINGVIEW) To break down the dollar leverage, we can…

When it comes to predicting where the U.S. economy will go, the hardest part is choosing which battles to fight. For economists and forecasters, extremes are easy. The deluge of data and the pressure for attention leads many to declare that the sky is falling or that boom times are just around the corner. For central banks like the Federal Reserve, which has the even tougher task of keeping the economy in balance, getting the right amount of support and pressure right can be a difficult task.This year, the difficulty was on full display. Most economists were worried earlier this…

By Climate Change Advocates | December 3, 2023 As communities around the world continue to experience the devastating effects of climate change, the need to accelerate climate adaptation and resilience efforts has never been clearer. Businesses have a big role to play in driving adaptation and resilience. Although progress is already being made, significant gaps remain. At COP28, the first annual implementation report of the Sharm El Sheikh Adaptation Agenda (SAA) will assess progress towards its implementation. Launched by the President of Egypt at COP27, SAA, through collaboration with High-Level Champions (HLCs), aims to deliver priority global adaptation outcomes urgently…

“If you fail to plan, you are planning to fail!” Benjamin Franklin I was having lunch with a friend, an experienced businessman, and I asked him what he thought was the defining difference between a new venture succeeding or failing. He replied, “A good business plan.” We agreed that a good business plan is one that provides as much information as possible in as few words as possible. We then discussed what a good business plan would include. We suggest an outline and approach for creating a business plan. the purpose: State your company's purpose in one positive, declarative sentence.…