Business Structures 101: Choose the Right One for Your Business
Introduction Starting a business is an exciting journey, but one of the most crucial decisions you’ll make is selecting the right business structure. Have you ever wondered how your choice of structure could impact your taxes, liability, and growth potential? This guide is designed to help US-based entrepreneurs like you navigate the complexities of business […]
What Effects Do Recessions Have on Borrowing and Lending in the United States?
Recessions can significantly impact both borrowers and lenders in the United States. Understanding these effects is crucial for business owners and consumers alike to navigate economic downturns successfully. Overview of Bank Lending During Recessions During economic recessions, the volume of new loans granted generally decreases or slows its growth. For instance, the annual change of […]
What Is a Recession? What Business Owners Must Know
A recession is defined as a severe and long-term fall in economic activity, which is frequently accompanied by negative GDP, rising unemployment, declining retail sales, and decreasing economic production. It is a normal stage of the economic cycle: it occurs after periods of growth or following events such as bubbles, crashes, or pandemics. How Often […]