How a CDFI Could Help Your Small Business
Under the best of circumstances, getting small-business financing is no sure thing. In a 2019 survey, about 17% of small businesses said they were denied financing, according to the 2020…
Andrew L. Wang
Andrew is a former content strategist and small-business writer for NerdWallet. He has worked at news organizations such as the Chicago Tribune, where he covered crime and breaking news, and Crain's Chicago Business, where he reported on the healthcare industry.
Posts by Andrew L. Wang:
C Corporation: Higher Taxes, More Flexibility
A C corporation may be the right business structure for your small business if it’s ready for the big time. McDonald’s, Starbucks, Apple: Each is a huge business that grew…
Limited Liability Partnership: Pros and Cons
In its simplest form, a partnership is just two or more people getting together to own and run a business. But sometimes “simplest” doesn’t mean “right.” If you and your…
S Corporation: Lower Taxes but Limited Growth Potential
An S corporation, or S-corp, is a special designation carved out of the U.S. tax code for small businesses. When you see “Inc.” at the end of a business name,…
Equipment Financing: 7 Best Companies and Lenders of 2022
Best equipment financing companies include Funding Circle, Credibility Capital, Triton, OnDeck, TAB Bank and the SBA. APRs range from 4% to 30%, but terms vary.
American Express Merchant Financing: Business Loans for Amex Merchants
Membership has its privileges, according to a past American Express ad campaign. It turns out the old slogan doesn’t pertain just to American Express cardholders. The financial giant has a merchant…
Business Partnership: Simple to Start but Sometimes Risky
A business partnership is the simplest way to structure an entity that has more than one owner. If you’re starting an ice cream truck business with a friend and are…
Sole Proprietorship: Weigh the Pros and Cons
A sole proprietorship is the simplest business structure there is, and various types of enterprises use it, including those with employees. It’s straightforward and cheap to start, but it also carries…
What Is an LLC? Pros and Cons of a Limited Liability Company
An LLC, or limited liability company, is a U.S. business structure that combines the simplicity, flexibility and tax advantages of a partnership with the personal liability protection of a corporation. Owners…
Business Structure: How to Choose the Right One
Designing a killer website, prototyping your product, talking your way to your first big order — these parts of starting your business likely stir your entrepreneurial passions. The business structure…
