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Small Business Toolkit: Advice On Taxes, Business Structure, Funding And More

Forbes offers timely tips for those starting or running a small business today. While tariffs and tax and SBA changes create new challenges, some basics remain the same.
The Forbes Small Business Toolkit, as outlined in the article by Kelly Phillips Erb, is a comprehensive resource designed to assist small business owners in navigating the complexities of running a business. It covers essential topics such as taxes, where it provides guidance on federal, state, and local tax obligations, including how to handle payroll taxes and potential deductions. The toolkit also delves into incorporation, offering insights on choosing the right business structure, such as LLCs, S corporations, or sole proprietorships, and the legal and financial implications of each. Additionally, it addresses employee management, detailing how to hire, manage, and comply with labor laws, as well as offering tips on creating a positive work environment. The toolkit further includes information on securing Small Business Administration (SBA) loans, explaining the application process, eligibility criteria, and how to use these funds effectively to grow a business. Overall, the Forbes Small Business Toolkit serves as a vital guide for entrepreneurs looking to establish and expand their ventures successfully.

Read the Full Forbes Article at:
[ https://www.forbes.com/sites/kellyphillipserb/2025/06/06/forbes-small-business-toolkit-taxes-incorporation-employees-sba-loans/ ]