Day 2 - 10 Days of Commonly Overlooked Must-Haves For Small Businesses

Cher-Ron Thicklin
Apr 27, 2023
2 min read

For the next 10 days we will be discussing the must-haves for small buisnesses in 2023.

1. Verified Online Listings

2. The Right Legal Formation

3. A Well-Designed Website

4. Custom Business Email

5. Business Phone

6. Location Tags

7. CRM System

8. Billing and Invoicing Software

9. Mobile Card Readers

10. Financial Tools

Small business owners and startup founders have a lot on their plate. While you might be starting, say, a photography business because you’re an experienced photographer, or running a dog wash business because you love animals, that doesn’t mean you’re necessarily a master at every facet of your business. From accounting and billing to operations and marketing, there are a number of small business must-haves that, well, many don’t have.

So, we put together a list of the most small business must-haves, which many unknowingly lack, to help you put your business on good footing and on the map. With these simple, yet commonly overlooked tips and tools you can improve your process, increase efficiency and turn a higher profit.

DAY #2

2. The Right Legal Formation

Over 70% of businesses in the U.S. are registered as sole proprietorships. While there’s nothing inherently wrong with this type of business formation, that doesn’t necessarily mean that it’s the right legal formation for your small business. Many small businesses start as a sole proprietorship only to later outgrow it. And yet many small business owners keep their business structured as a sole proprietorship—complete with the personal liability that comes along with it.

Generally, small businesses are advised to register as a limited liability corporation, or LLC, in order to help protect their personal assets and separate their business interests. To get started, learn how to set up an LLC.

Alternatively, if you’re interested in registering as an LLC but not sure how to go about it, there are a number of LLC formation services available. To find one that’s right for you, check out the best LLC services.

Need some assistance in setting up your LLC? Contact your BWSN Representative.