Healthcare costs are an issue for everybody, regardless of company size.  These days, I’m beginning to think that small business owners and entrepreneurs have an advantage over larger companies.  We can take full advantage of HSAs, medical reimbursement accounts and high-deductible insurance policies.

It’s worth noting that only owners of C corporations can enjoy the benefits of an HRA or medical reimbursement account. While other types of entities can provide these plans for rank-and-file employees, owners are barred from receiving tax-free treatment. Thus, owners who think they may need company-paid medical assistance might want to use a C corporation as their entity choice.

Social and environmentally-savvy business owners have found a new way to integrate their convictions into their business: the B Corporation.

B Corporations are companies that are purpose-driven and create benefit for all stakeholders, not just shareholders.  B Corporations are unlike traditional responsible business because they:

As a result of the ease of forming an LLC or corporation in the US, entrepreneurs in other countries may wish to consider taking advantage of these benefits and by forming their company in the US.

When starting a business, the benefits you plan to offer to employees should be considered. There are many employee benefits to choose from, but for the purposes of this discussion, let’s focus on the  Flexible Spending Account (FSA) benefit option.

The customer service team at BizFilings recently put out a free webinar to educate new business owners about legal structures. It’s a great resource for anyone who’s in the early planning stages of starting a new business or home-based business.

Looking for Business Plan software? Consider BizFilings’ Ultimate Business Planner software. It’s the same software you’ll see from Atlas Business Solutions, but with additional resources from the Business Owner’s Toolkit thrown in, and a lower shelf price.