Financial Advisory Blogs by Profitjets

FIFO: The First In First Out Inventory Method

FIFO - First In First Out Inventory Method

In the dynamic business landscape of 2025, efficient inventory management is paramount for small businesses, startups, freelancers, and e-commerce ventures in the USA. The First-In, First-Out (FIFO) inventory method remains a cornerstone strategy, ensuring optimal stock rotation, accurate financial reporting, and compliance with accounting standards. This guide delves into the FIFO method’s intricacies, its advantages, […]

Revenue vs Profit: Key Differences

In the fast-paced world of business, understanding your financial health is crucial. Some entrepreneurs use the terms “revenue” and “profit” interchangeably, which can cause misunderstandings and inaccurate financial evaluations. This blog aims to simplify the crucial financial indicators, providing you with the necessary knowledge to make informed judgments and steer your business toward progress. Table […]

Why Is It Important to Manage Payables?

In 2025, effective management of accounts payable (AP) is crucial for small businesses, startups, freelancers, and e-commerce ventures in the USA. Proper AP management ensures financial stability, strengthens vendor relationships, and enhances operational efficiency. This guide explores the importance of managing payables, outlines best practices, and highlights how outsourced bookkeeping and accounting services can support […]

Why Do Most Startups Incorporate In Delaware?

In 2025, Delaware continues to be the premier choice for startups seeking incorporation in the United States. Despite recent debates over corporate governance, Delaware’s robust legal framework, tax advantages, and investor-friendly environment make it an attractive destination for new businesses. This comprehensive guide explores the reasons behind Delaware’s enduring appeal and provides insights into how […]

LLC vs. C Corporation: What’s the difference?

Choosing the right business structure is crucial for entrepreneurs, startups, freelancers, and e-commerce businesses. In 2025, the decision between forming an LLC vs C Corporation can significantly impact taxation, ownership, and compliance requirements. This guide provides a comprehensive comparison to help you make an informed choice. Understanding LLCs and C Corporations What is an LLC? […]

Delaware LLC vs Wyoming LLC: Where Should You Incorporate?

The decision to select the appropriate state for your Limited Liability Company (LLC) formation holds significant importance regarding the ongoing impact on your business. Two frontrunners often dominate the discussion: Delaware LLC vs Wyoming LLC. Both boast unique advantages, attracting entrepreneurs with diverse needs. This comprehensive guide dives into the differences between Delaware and Wyoming […]

How To Open A US Bank Account For Business in 2025

Expanding your business to the US market has exciting opportunities, but navigating the financial landscape can seem scary. One crucial step is opening a US bank account for your business. This guide simplifies the process, guiding you through requirements, benefits, procedures, and popular options. Whether you’re a seasoned entrepreneur or a curious startup, this blog […]

Is an LLC the right business structure for your eCommerce business?

In the rapidly evolving e-commerce industry of 2025, choosing the proper business structure is crucial. An LLC (Limited Liability Company) offers flexibility, protection, and tax benefits that align well with the needs of online businesses. What is an LLC? An LLC is a legal entity that combines the limited liability protection of a corporation with […]

How to Start a Business in the USA from India: The Complete 2025 Guide

The USA is one of the most attractive destinations for Indian entrepreneurs looking to expand globally. With access to over 331 million consumers, the market offers opportunities for exponential growth. It is a popular destination due to its investor-friendly policies, which make it easier to raise funding compared to India, especially for startups seeking venture […]