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What Legal Expenses Are Tax-Deductible for Your Business?
https://www.sofi.com/learn/content/are-business-legal-fees-tax-deductible/
Many legal fees for a business are tax-deductible for a business. The general rule of thumb is that if the legal fee is related to your business in any way, it can likely be deducted on your taxes. Therefore, it’s important to keep detailed records of your legal expenses throughout the year because you may […]
Guide to Business Loans for Nonprofit Organizations
https://www.sofi.com/learn/content/non-profit-loans-for-businesses/
Just like for-profit businesses, nonprofits need capital to buy equipment, pay employees, build infrastructure, and fund their projects. However, when it comes to getting financing, nonprofits often face more hurdles than traditional businesses do. Fortunately, options for nonprofit business loans are out there. The key to finding the right financing for your organization is knowing […]
Business Loans and Grants for People With Felony Convictions
https://www.sofi.com/learn/content/small-business-loans-for-people-with-felony-convictions/
Having a felony record doesn’t block you from starting your own small business. When getting a business off the ground, you’ll have to follow the same best-practice guidelines as any other budding owner, from developing a well-thought-out business plan to presenting a strong financial profile when seeking financing. In fact, becoming an entrepreneur could prove […]
Leasing vs Purchasing Equipment for Businesses
https://www.sofi.com/learn/content/lease-vs-purchase-equipment/
When you’re starting a business, it can be tempting to lease rather than buy any expensive office or warehouse equipment you need in order to conserve cash flow. However, this may or may not be your best option. Whether it’s better to buy or lease equipment for your business will depend on a number of […]
Success Secrets of Hispanic & Latine Owned Businesses
https://www.sofi.com/learn/content/survey-of-hispanic-owned-businesses/
There are approximately 5 million Hispanic- and Latine-owned owned businesses in the U.S. And those businesses are booming, according to a recent survey of 1,000 Hispanic and Latine business owners in the U.S. In fact, more than two-thirds of survey respondents report that their companies are doing the same or even better than they did […]