Choosing the Best Business Structure for Freelancers

So, you’ve decided to take the plunge and start freelancing? Congrats! Before you dive into projects, let’s talk about the boring (but important) stuff: business structures.  Here are the most common structures for freelancers:  Business Structure  Liability Protection  Complexity  Pros  Cons  Sole Proprietorship  No  Simplest  Simple to start and manage  Personal liability for debts and […]

Cash Flow Projection for Small Businesses

Freelancing comes with its own set of challenges, especially when it comes to managing money. Cash inflows and outflows can feel unpredictable, making planning difficult. Cash flow projections give you control over your finances. They help you prepare for the unexpected, make smart decisions, and ensure your business stays on solid ground.  What are Cash […]

Retained Earnings for Freelancers

As a freelancer, you juggle more than just projects—you’re also in charge of running a business. Navigating fluctuating income, covering expenses, and planning for growth can feel overwhelming. That’s where retained earnings come into play.   In simple terms, retained earnings are the portion of your income that stays in your business after paying expenses and […]