Business Structure
Having an LLC May Be Hurting You. Here’s Why.
Having an LLC may be hurting you. A single-member LLC puts business income on your 1040, and that leads to a personal guarantee. Here is the fix.
The Knowledge Hub · Blog
Written by Dewayne Williams, Owner and CEO · 182 articles across 8 topics
Latest articleReal Business Advice, No Fluff.
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Written by Dewayne Williams, Owner and CEO · 182 articles across 8 topics
Business StructureHaving an LLC May Be Hurting You. Here’s Why.Start here
New to MAC? Start with these four.
The argument behind everything we teach: why an LLC is not the finish line, how a corporation gets funded, the receipts, and the basics every owner needs.
Funding & Credit
$1.3 Million in Business Funding — No Personal Credit Check
How MAC received 11 Stripe loan offers worth over $1.3 million in 16 months, with no personal credit check, and what made the business eligible.
Case Studies & News
Ten Years in One Lane: The MAC Enterprise Consulting Report Card
Nine years, $9.41M in client funding approvals, an A+ BBB rating and a Forbes Books release. Dewayne Williams shares MAC's report card, with the receipts.
Starting a Business
Entrepreneurship 101: What 52,752 Entrepreneur Interactions Taught Us About Starting, Structuring, Funding, and Growing a Business
After analyzing 52,752 entrepreneur interactions, comments, direct messages, community discussions, and business education data points, we discovered the most common questions business owners ask about LLCs, corporations, funding, business credit, taxes, and business growth. Learn what entrepreneurs get wrong and how to build a stronger foundation for success.
Business Structure
Having an LLC May Be Hurting You. Here’s Why.
Having an LLC may be hurting you. A single-member LLC puts business income on your 1040, and that leads to a personal guarantee. Here is the fix.
Case Studies & News
Ten Years in One Lane: The MAC Enterprise Consulting Report Card
Nine years, $9.41M in client funding approvals, an A+ BBB rating and a Forbes Books release. Dewayne Williams shares MAC's report card, with the receipts.
Business Structure
5 Business Structuring Myths, Fact-Checked (With Sources).
Foreign qualification, REITs, bylaws, and timing: five common business-structuring myths checked against IRS, FinCEN, and Secretary of State sources.
Funding & Credit
Why Corporate America Uses Stripe: The Receipts Behind Business Structure, B2B Transactions, and Funding
Discover how Ford, Amazon, and other companies use Stripe, plus the facts about Stripe Capital, corporate structures, and business funding.
Mindset & Leadership
Before You Give Up on Your Business, Read This
Thinking about giving up on your business? Dewayne Williams shares the lawsuits, betrayal, and sacrifice behind his success, and how to know whether to persist or pivot.
Starting a Business
A Teachable Moment: Should Your Business Offer Payment Plans?
Should your business offer payment plans? I share $338,565 in unpaid balances from my own company and 6 things to have in place before you offer one.
Case Studies & News
Advice Is Cheap. Receipts Aren’t: What 3,049 Business Filings Taught Me About Building to Last
What 3,049 Wyoming business filings taught MAC about execution, accountability, and why an LLC can become a ceiling for a growing business.
Taxes & Compliance
Two Words That Stop the Conversation
Everyone stops at "double taxation." Here's what a C corp actually costs on $48,000 of profit — LLC vs S corp vs C corp — and what the difference buys you.
Funding & Credit
I Processed $74,000 Through Stripe in Seven Months and Never Saw a Funding Offer
I met Stripe's published minimums in April and got no Stripe Capital offer for four months. Here are my actual numbers and the three things that changed.
Business Structure
STOP READING HALF THE LAW
An LLC personal guarantee defeats every state liability shield. Nine state statutes compared, plus what "disregarded entity" actually means.
Case Studies & News
The Signature That Took Me to Court
I signed a business loan with a personal guarantee — and it followed me into court. See the real documents and the one word to check before you sign.
Case Studies & News
THE MOST EXPENSIVE BUSINESS LESSON I EVER LEARNED
After COVID, I pursued SBA funding, signed merchant cash advance agreements, and later faced lawsuits and garnishment attempts. This is the true story that changed how I think about business structure, personal guaranties, and complete separation.
Business Structure
I Was Wrong About LLCs.
I opened an LLC because everyone said to. Then I got sued. Here's what a lawsuit, a $1.9M loan, and 100 years of corporate law taught me about business structure.
Starting a Business
Stop Looking for Business Ideas. Your Job Already Gave You One.
Learn how to turn the skills from your 9-to-5 into an ebook, digital products, and a business while building the right foundation for long-term success.
Starting a Business
I Researched the Largest Business Formation Companies in America. Here’s What I Discovered.
I researched the largest business formation companies in America to compare how they're structured and what every entrepreneur should know before choosing a business entity.
Mindset & Leadership
Free Is Not the Same as Value
Free doesn't always create value. Learn why successful entrepreneurs focus on long-term worth instead of short-term cost—and how that mindset changes everything in business.
Starting a Business
Everybody Has a Business Inside Them — You Just Haven’t Named It Yet
Learn how to find a business idea using your skills, experience, and work history. Discover how to name your business, validate your idea, and start building your legacy.
Wealth & Legacy
The $100,000 Mistake Most Entrepreneurs Make: Why Wealth Is Built Through Ownership, Not Income
Most entrepreneurs focus on income. Learn how McDonald's and Disney built wealth through ownership, real estate, intellectual property, and asset protection—and why it matters for your business.
Starting a Business
Entrepreneurship 101: What 52,752 Entrepreneur Interactions Taught Us About Starting, Structuring, Funding, and Growing a Business
After analyzing 52,752 entrepreneur interactions, comments, direct messages, community discussions, and business education data points, we discovered the most common questions business owners ask about LLCs, corporations, funding, business credit, taxes, and business growth. Learn what entrepreneurs get wrong and how to build a stronger foundation for success.
Business Structure
The Financial System Most Entrepreneurs Were Never Taught: The History of Taxes, Corporations, and Why Structure Matters
Learn the history of taxes, corporations, LLCs, and business structures in America — and why structure matters for entrepreneurs today.
Mindset & Leadership
Why Most Business Owners Never Change Their Life — Even When the Blueprint Is Given to Them
Why do most business owners stay stuck even when the blueprint exists? Explore real data from 3,867 entrepreneurs, business psychology, LLC misconceptions, execution habits, funding strategies, and why access without execution changes nothing.
Business Structure
LLC Liability & Personal Guarantees: Why Signing as “Manager” Won’t Protect You
Learn why signing as a manager in an LLC doesn’t protect you from personal liability. Understand personal guarantees, risk, and better business structure.
Case Studies & News
The Collapse of Spirit Airlines (2026)
Spirit Airlines shut down in 2026 despite having customers and revenue. Learn what really caused the collapse and the key business lessons most owners miss.
Wealth & Legacy
You’re Not Broke… You’re Just Financing the Wrong Things
Most people aren’t broke—they’re financing the wrong things. Discover how your financial decisions are working against you and how to fix it.
Business Structure
THE GREATEST MISUNDERSTANDING IN MODERN BUSINESS
LLCs didn’t exist nationwide until the 1990s—so how deep is their legal foundation? Discover the history, case law, and timeline most overlook.
Business Structure
You Opened a Business… But Do You Actually Understand What You Opened?
Most business owners open a business without understanding EINs, compliance, or what “doing business” really means. Learn the foundation you were never taught.
Wealth & Legacy
You Don’t Have a Money Problem… You Have a Leverage Problem
Most people don't have a money problem, they have a leverage problem. How distraction hides your real finances and what to do about it.
Business Structure
Why Are Google, Pilot Flying J, and PepsiCo Connected to LLCs?
One of the weakest arguments in the business-structure conversation is when someone points to a famous name and says, “See, they’re an LLC.” That sounds persuasive until you study the timeline.
Mindset & Leadership
Trust, Entitlement, and the Mindset Gap in Modern Entrepreneurship
In today’s digital economy, the concept of trust is frequently cited as a barrier to entrepreneurship. Many aspiring business owners express hesitation when presented with advice, mentorship, or strategic guidance, particularly when it comes from online educators or consultants.
Mindset & Leadership
Slavery Didn’t End – It Evolved. From Chains To Paychecks
A look at economic dependency: where the 40-hour week came from, why paychecks keep people from ownership, and how business structure changes the equation.
Taxes & Compliance
Business Entity Fraud in Wyoming: What Every Business Owner Needs to Understand
One of the most common misunderstandings in business formation is confusing the role of a registered agent with the role of an incorporator (or organizer).
Taxes & Compliance
THE BIGGEST LIE KEEPING PEOPLE BROKE: The Fear of Corporate Taxes
Most people are not afraid of taxes.They are afraid of what they do not understand.This blog will remove that fear permanently.
Mindset & Leadership
When Your Business Starts Attracting the Wrong Customers: An Honest Conversation for Entrepreneurs
If every lead says 'I'm waiting' or asks for a discount, your business may be attracting the wrong customers. An honest look at why, and how to reposition.
Wealth & Legacy
Do You Have to Own Real Estate in the First Year to Start a REIT?
Does a REIT have to own real estate in year one? What the IRS code says about timing, the 100-shareholder rule, and how REITs are built in practice.
Business Structure
HOW CORPORATIONS REALLY OPERATE
Can companies you own do business with each other? What 'domestic' and 'foreign' entity really mean? How corporations and B2B transactions actually work.
Mindset & Leadership
PROVE IT – Why Proof Matters More Than Opinions
Before you take business advice from the internet, ask for proof. The documented path to a fully corporate AmEx card with no personal guarantee.
Starting a Business
Should You Offer Payment Plans in Your Business?
Should your business offer payment plans? A real scenario on what happens when a client's circumstances change, and the policies that protect you both.
Starting a Business
The Contractor Lesson Every Business Owner Eventually Learns (And Why Systems Matter More Than Trust)
What a contractor situation taught MAC Enterprise Consulting about running a growing business, and why systems matter more than trust when you delegate.
Mindset & Leadership
Buyer’s Remorse in Business: A Teachable Moment for Both Consumers and Business Owners
Buyer's remorse is a moment of clarity, not a failure. What it means for the consumer, what it means for the business owner, and how to handle it well.
Mindset & Leadership
2026: Unlearning to Relearn — Setting the Standard, Not the Resolution
January 1 is not magic. Why 2026 calls for standards instead of resolutions, where New Year's came from, and how to reset the way you think and operate.
Business Structure
The Lie of “Just Start an LLC” — And Why No One Explains the Rest
'Just start an LLC' is the default advice, and it's misleading. What no one explains after you file one, and what a real business actually requires.
Mindset & Leadership
When Business Owners Use Faith Conveniently — and Miss the Lesson
Price is not the same as value. A discount code story about alignment, accountability, and how business owners handle faith when money is involved.
Starting a Business
Are You Building a Business — or Are You Building Stan Store’s?
Still selling on Stan Store? What Stripe subaccounts mean for your customer data, and why your own website and corporation beat renting someone else's.
Starting a Business
STOP Picking Generic Names for Your Business: Why Your Business Name Matters More Than You Think
Stop picking generic business names. Why your name shapes your EIN, bank account, business credit, funding, trademark and legacy, and how to choose.
Business Structure
Why So Many People Struggle Opening Business Bank Accounts — And Why Corporations Are Legally “People”
Why banks ask for your SSN on a C-Corp, why account applications stall, and what it means that corporations are legally 'people.' Clear answers from MAC.
Business Structure
Your Fraternity or Sorority Showed You the Blueprint — So Why Did You Choose an LLC?
Your fraternity, sorority or lodge is a corporation built for perpetual life. So why did you choose an LLC? A conversation about structure and legacy.
Mindset & Leadership
Success Will Never Be On Sale: The Cost of Building Something Real
Success will never be on sale. The real emotional and financial cost of building something of value, and why asking for a discount is the wrong question.
Mindset & Leadership
If You’re Going to Teach It, Teach What You’ve Lived — Not What You Heard
There's a difference between teaching what you've lived and reselling what you heard. A direct message on education, accountability and leadership.
Mindset & Leadership
When Someone Says “That’s Too Expensive”
When someone says 'that's too expensive,' they're talking about beliefs, not price. Dewayne Williams on value, mindset and who your real clients are.
Wealth & Legacy
How to Live Through Your Corporation — The Private C-Corp Way (Legacy Builder Edition)
How to live through your corporation legally with a private C-Corp. The Legacy Builder framework: trust, holding company and operating company explained.
Mindset & Leadership
Why I Turned Down a Partnership — And What Every Entrepreneur Should Learn About Integrity and Structure
Why MAC turned down a paid affiliate partnership, and what every entrepreneur should learn about integrity, mission alignment and business structure.
Case Studies & News
Government Shutdown 2025: What It Means for Business Owners and Why You Can’t Wait to Build Your Legacy
What the 2025 shutdown means for business owners: what's open, what's closed, and why it's a wake-up call to build a structure that protects you.
Taxes & Compliance
Do You Get Paid From Social Media Companies — or Do You Want To? Here’s What You Need To Know About Taxes, TikTok, and Business Strategy
Paid by TikTok, YouTube or Instagram? How creator payouts work, why you receive a 1099-K, and how to turn creator income into a real business strategy.
Case Studies & News
The Truth About TikTok’s Gifter Level Up Program: More Than Just a Badge
How TikTok's Gifter Level Up Program works: XP, levels, badges and perks for supporting creators on LIVE, and what it means for creators' businesses.
Funding & Credit
Identity Verification vs. Credit Checks: Clearing Up the Confusion with Stripe & Bank Applications
Why Stripe and banks ask for your SSN. The difference between identity verification and a credit check, and what actually happens when you apply.
Case Studies & News
How I Got Sued Because of My LLC — And Why My Personal Bank Account Was Frozen
How a Merchant Cash Advance under an LLC led to a lawsuit and a frozen personal bank account. Dewayne Williams shares the lesson on why structure matters.
Funding & Credit
How Stripe Builds Your Business Credit (and Why C-Corps Win Over LLCs)
Stripe Capital does more than fund you: every loan you repay builds your business credit profile. Why that history helps a C-Corp more than an LLC.
Funding & Credit
$1.3 Million in Business Funding — No Personal Credit Check
How MAC received 11 Stripe loan offers worth over $1.3 million in 16 months, with no personal credit check, and what made the business eligible.
Case Studies & News
From $3,500 to $55,900: How Alvin Got Stripe Funding With No Credit Check
Alvin joined the Legacy Builder with Non-Profit and a year later secured $55,900 in Stripe funding with no credit check. His story and what made it work.
Funding & Credit
How to Fight Against Disputed Customer Transactions with Stripe Radar
How to fight disputed transactions with Stripe Radar: the evidence that wins chargebacks, the policies to put in place, and lessons from MAC's own cases.
Case Studies & News
From ~$7/Day to $12,900 in Funding: Marshall’s Step-by-Step Play
Marshall Clayton (a Disabled Veteran) invested $1,944 over 247 days (~8 months, 4 days) in education and credibility. He applied our simple B2B processing strategy and received three Stripe Capital offers totaling $12,900 — no SSN, no tax returns, no long underwriting. This is what “small steps, consistently” looks like.
Business Structure
Why a C-Corp Never Dies (And Why That Matters for Your Legacy)
LLCs and sole proprietorships usually dissolve when the owner dies. A C-Corp has perpetual life. What that means for contracts, assets and your legacy.
Funding & Credit
Stripe 101: How to Open Your Account Without Getting Flagged
There’s a massive amount of confusion when it comes to opening a Stripe account. Even worse, some business owners are seeing their accounts flagged or shut down. Let’s clear this up once and for all.
Wealth & Legacy
Facing Foreclosure: What Most People Don’t Know Could Cost Them Their Home
Facing foreclosure? What most homeowners and business owners don't know about their options, timelines and rights, and the steps to take now.
Wealth & Legacy
Trust Myths Exposed: Why Trusts Aren’t Businesses, Don’t Erase Taxes, and Won’t Protect You
Trusts aren't businesses, don't erase taxes and won't protect you by themselves. A plain-English guide to what a trust actually is and the myths around it.
Business Structure
Why Your LLC or S-Corp Is Quietly Killing Your Legacy (History Proves It)
History shows which structures endure. Why the C-Corporation has outlasted the LLC and S-Corp for building generational wealth, with a timeline.
Funding & Credit
Why Billion-Dollar Companies Borrow Money — and You’re Still Using Your Own
Apple held over $200 billion in cash and still borrowed $8 billion. Why big companies use other people's money, and why you're still using your own.
Wealth & Legacy
Bankruptcy Isn’t Failure — It’s a Financial Tool. Here’s the Game They Never Taught You.
Bankruptcy isn't failure—it's a financial tool the wealthy use strategically. Learn how to leverage it to rebuild wealth and protect your assets.
Wealth & Legacy
Why the Legacy Builder Strategy Beats a 401(k) or 457 Plan for Building Real Wealth
Discover why the Legacy Builder Strategy outperforms a 401(k) or 457 plan for building generational wealth and creating true financial freedom.
Taxes & Compliance
What the “One Big Beautiful Bill” Means for Business Owners (Especially C-Corps)
The One Big Beautiful Bill could change everything for C-Corp owners. Here's what business owners need to know about these major tax law changes.
Taxes & Compliance
You Opened a Business… Now What? The Truth About Staying Compliant Every Year
Opening a business is just the beginning. Learn what annual compliance requirements every business owner must meet to stay legally protected.
Funding & Credit
Stripe Offered Me Loan #9 Without a Credit Check — Here’s How I Got $717K in 1 Year
Learn how to leverage Stripe Capital to access business funding with no credit check. Discover how one owner secured $717K in just one year.
Starting a Business
You Made $100K… But Stan Store Made Millions
Stan Store profits from creators like you. Learn why your platform strategy may be limiting your income and what smarter alternatives exist.
Mindset & Leadership
You Said You Want to Be a Business Owner… But $1.37 a Day Is Too Expensive?
If you're serious about building a business, small daily investments matter. Stop letting the cost of tools and education hold your dreams back.
Mindset & Leadership
You Never Studied Algorithms—So Why Are You Letting Them Run Your Life?
Social media algorithms are silently controlling your business strategy. Learn how to stop letting algorithms dictate your decisions and take back control.
Taxes & Compliance
The Hidden Costs of Staying in Business: What Every Owner Must Pay Annually
Annual business fees, filings, and compliance costs add up fast. Discover every hidden cost of staying in business and how to plan for them strategically.
Business Structure
🎯 Dodging Darts and Building Legacies: The Strategic Path to Nonprofit Success
Building a successful nonprofit requires more than good intentions. Learn the strategic path to nonprofit sustainability, funding, and long-term legacy building.
Mindset & Leadership
You Think You Need a Break. Maybe You Need a Breakthrough.
When entrepreneur burnout hits, the answer isn't always rest. Discover how a mindset shift and a breakthrough moment can transform your business.
Funding & Credit
Turn $500 Into a Business Credit Card (No Credit Check)
You can build business credit starting with just $500 and no credit check. Learn how to get your first business credit card and grow your funding capacity.
Starting a Business
How to Start a Million Dollar Business: Top 10 Industries
The top 10 industries for building a million-dollar business, with the leading companies in each and how to research your field before you start.
Starting a Business
Do You Want to Sell ON Walmart Shelves or IN Walmart? Here’s Your Step-by-Step Guide
Selling on Walmart and selling in Walmart are two completely different strategies. This step-by-step guide breaks down both paths for retail business owners.
Mindset & Leadership
Money, Influence, or Power? Choose Wisely.
Money, influence, and power each shape your business differently. Learn which path aligns with your entrepreneurial goals and how to build lasting success.
Business Structure
How Your Student Loans Can Destroy Your Business — If It’s Structured the Wrong Way
Student loan debt can threaten your business if your entity is structured incorrectly. Learn how to protect your business assets from personal debt liability.
Taxes & Compliance
Why I Let My Corporation Pay for My Surgery — And How You Can Too
Your corporation can legally cover medical expenses, including surgery. Learn how business owners use their entity structure to make healthcare tax-deductible.
Starting a Business
🧠 You Use These Acronyms Every Day — But Do You Know What They Really Mean?
Business acronyms are everywhere, but do you actually know what they mean? Learn the key terms and acronyms every entrepreneur needs to understand.
Taxes & Compliance
You’re Probably Paying for Insurance You Don’t Even Need
Many business owners overpay for unnecessary insurance. Learn which policies are truly essential and how to cut costs without leaving your business exposed.
Mindset & Leadership
Stop Complaining. Start Building.
Success doesn't come from complaining—it comes from building. Learn how to shift from a scarcity mindset to an action-focused entrepreneurial strategy.
Taxes & Compliance
What You Need to Know About the New Tariffs – And Why Business Owners Like You Must Pay Attention
New tariffs are reshaping business costs across industries. Learn how the latest trade policies impact small business owners and what steps to take now.
Funding & Credit
How I Got a 2025 Escalade With No SSN, No DOB — And How It’ll Be Free By Tax Season
Learn how business owners use their EIN to purchase vehicles with no SSN required, then write it off to make it essentially free by tax season.
Funding & Credit
How I Secured Over $500K in Less Than a Year — NO Credit Check (And Why You Can’t Do This With an LLC)
Discover how to secure over $500K in business funding with no credit check—and why a corporation, not an LLC, is the key to this level of capital.
Wealth & Legacy
Do You Need 100 Shareholders for a Private REIT? (Google Says Yes, but What Does the Law Say?)
Google and the actual law disagree on REIT requirements. Get the real facts about private REITs, shareholder minimums, and how to structure real estate investments.
Wealth & Legacy
The 12 Secrets the Wealthy Don’t Want You to Know (And How to Use Them to Build Your Legacy)
The wealthy follow a different playbook. Discover 12 financial secrets used by the rich and learn how to apply them to build your own lasting legacy.
Business Structure
Have You Ever Had Trouble Getting an EIN? Here’s What You Need to Know
EIN application issues are more common than you think. Learn why applications get rejected and how to get your number without delays.
Mindset & Leadership
We Will Do Anything for a Dollar…
Chasing every dollar can actually cost you your business. Learn why entrepreneurs with a strong mindset focus on value-driven decisions, not desperation tactics.
Starting a Business
Stop Using Stan Store! Why These Platforms Are Hurting Your Business Growth
Third-party platforms like Stan Store may be limiting your growth and profits. Learn why owning your platform is the smarter long-term move for your business.
Mindset & Leadership
The Similarities Between Water and Your Business Ideas
Great business ideas, like water, find their path no matter the obstacles. Discover how to channel your ideas into a focused, unstoppable business strategy.
Funding & Credit
Understanding UCC Filings: What Business Owners Must Know
UCC filings affect your business credit and financing options. Learn what Uniform Commercial Code filings are and what every business owner needs to know.
Mindset & Leadership
Why Business Owners Should Rethink Partnership Requests
Not every partnership opportunity is a good one. Learn how to evaluate partnership requests, protect your interests, and avoid costly collaboration mistakes.
Starting a Business
How to Get the Best Results from ChatGPT: A Guide for Business Owners
ChatGPT can transform how you run your business—if you use it correctly. Learn proven prompting strategies to get the best AI results for your needs.
Taxes & Compliance
Why Do You Pay Taxes?
Most business owners pay more taxes than necessary. Understand how the tax system works and discover legal strategies to reduce your tax burden today.
Mindset & Leadership
Take Control of Your Life: Don’t Wait for the Next Crisis
Waiting for a crisis to take action is a costly mistake. Learn how proactive business planning and a strong mindset can help you stay ahead of challenges.
Mindset & Leadership
Breaking the Bargain Mentality
Constantly chasing discounts can sabotage your business and mindset. Learn how to break the bargain mentality and start investing in real growth instead.
Funding & Credit
Grants: The ‘Free Money’ Everyone Wants but Few Truly Understand
Business grants aren't truly free money—they come with requirements. Learn how grants work, who qualifies, and how to find and apply for legitimate funding.
Business Structure
Stop Calling Yourself a CEO if You Have an LLC
Using the wrong business title can damage your credibility and confuse clients. Learn the correct titles for LLC and corporation owners and why it matters legally.
Wealth & Legacy
Cryptocurrency: A Beginner’s Guide and How to Open an Account Using a Corporation
New to crypto? Learn the basics of cryptocurrency and discover why opening a crypto account through a corporation offers tax advantages and asset protection.
Case Studies & News
Are You on the PPP Warrant List? Here’s What You Need to Know
PPP loan fraud is being prosecuted aggressively. Learn what the PPP warrant list is, how to check your status, and what to do if your loan is under review.
Business Structure
Your Name in ALL CAPS Does NOT Make You a Corporation – Here’s Why!
Using all caps doesn’t make someone or something a corporation—it’s just a formatting style to make information more visible on official paperwork.
Starting a Business
The Importance of Obtaining a Business Consultant When Starting a Business
A business consultant can make or break your startup. Learn why expert guidance matters when launching your business and how to find the right one.
Starting a Business
I Want to Start a Business, But I Don’t Have the Money
'I want to start a business but I don't have the money.' Why that's usually fear disguised as practicality, and how to take the first steps anyway.
Starting a Business
Why having a business plan is important
Business plans are a vital tool for any business owner. They give you structure and direction when making decisions, as well as allow you to see what needs to be done in order to reach your goals
Wealth & Legacy
Stop Listening to Financial Rumors on Social Media: The Realities of Debt and Income
Debt wiped out at the dealership? Canceled debt is taxable income. The realities of debt, income and Form 1099-C behind the money myths on social media.
Business Structure
Your Legal Name is NOT a Corporation: Why You See Your Name in ALL CAPS on Official Documents
The idea that your name in all caps represents a corporation comes from a conspiracy theory often associated with the sovereign citizen movement.
Business Structure
Building a Legacy: Why Your Business Structure Matters More Than You Think
This is more than just forming a business. It’s about building a legacy that your children and their children can benefit from.
Wealth & Legacy
Understanding Trusts: More Than Just a Buzzword
In recent years, there has been a surge of conversation around trusts, especially on social media, where the concept is often oversimplified. Many people are jumping on the bandwagon.
Starting a Business
The Real Difference Between a 4-Year Business Degree and the MAC Enterprise Consulting Masterclass
A 4-year business degree from a college or university is a substantial commitment, both in terms of time and money. On average, such a degree costs around $40,000, and this investment primarily covers a broad curriculum.
Mindset & Leadership
Recognizing the Signs: When Someone May Not Be Your Ideal Client
As a business owner, your time and energy are your most valuable assets. It’s crucial to invest them in clients who respect your boundaries.
Funding & CreditVideo
Secrets of the Elite: How to Stop Using Your SSN for Business Funding
Are you a business owner still relying on your personal Social Security number (SSN) to secure business funding? It’s time to uncover the secrets of the elite and transform how you approach business credit and loans.
Mindset & LeadershipVideo
Three Essential Lessons Every Business Owner Needs to Know
Many people on social media give advice on starting businesses, but few focus on structuring them correctly.
Business Structure
Understanding Retained Earnings and Business Structures
C corporations can retain up to $250,000 in profits each year without a tax on those earnings. What retained earnings are and why LLCs work differently.
Taxes & ComplianceVideo
Do You Owe the IRS?
Owe back taxes? How the IRS actually contacts you, how states differ, and the basics of audits, payment plans and resolution from MAC.
Mindset & LeadershipVideo
Are You Self-Sabotaging Your Own Success? | Stop Being the Problem
Is the biggest obstacle to your success you? A hard look at accountability, self-awareness and education, and why real change starts in the mirror.
Business StructureVideo
Sole Proprietorship vs LLC: Understanding Key Differences in Business Structure, Liability, and Taxation
When starting a business, one of the most important decisions you'll make is choosing the right business structure. The two most common options for small business owners are Sole Proprietorship and Limited Liability Company (LLC).
Mindset & Leadership
The BEST Saddest Day in History: The End of Slavery
As we celebrate Juneteenth, let us remember that the fight for freedom is ongoing. The end of physical slavery was a monumental step, but we must continue to strive for mental liberation.
Funding & CreditVideo
How Long Before Your Business Can Secure Funding?
One of the most common questions asked by business owners is, "How long before my business can get funding?" The answer varies depending on the type of funding you're seeking.
Starting a Business
Business Degree Without College: Path to Financial Freedom
You don't need a college degree to reach financial freedom. How MAC's Masterclass and monthly membership teach the business principles school skipped.
Starting a BusinessVideo
Understanding 1:1 Mentorship, Coaching, and Consulting: Differences and Costs
When seeking professional development, it's essential to understand the distinct roles of mentorship, coaching, and consulting. Each offers unique benefits, approaches, and costs, tailored to different needs and goals.
Starting a BusinessVideo
Who Taught You How to Be a Business Owner?
Nobody teaches you how to be a business owner. How to cut through the noise, and what a structured masterclass covers that trial and error can't.
Wealth & LegacyVideo
The $1000 Cheat Code to Building Wealth 💰
In the world of finance, leveraging accounts receivable is a powerful strategy that can transform your financial landscape. Let's dive into how you can use this concept to build your own legacy and substantially grow your wealth.
Business StructureVideo
LLC Owners: STOP! You Might Not Need an EIN Number 🚫
About 90% of LLC owners might not need an EIN. The IRS questions that decide whether your LLC needs an Employer Identification Number, explained.
Funding & CreditVideo
EIN ONLY Business Funding: No Personal Credit Check
How to get business funding with your EIN only and no personal credit check, including how a Stripe account can qualify your business for capital.
Mindset & LeadershipVideo
Stop Making Excuses and Start Building Your Business
'If you want to hide something, put it in a book.' Why seeing proof isn't enough, and what business loans without personal guarantees require of you.
Case Studies & News
The Shocking Truth About Starting a Business: How Terrence Howard Missed Out on Billions
Starting a business is a journey filled with dreams and potential, but the unfortunate reality is that without a comprehensive understanding of how to monetize and protect your innovations, you can easily find yourself on the losing end of a financial nightmare.
Mindset & Leadership
Overcoming Excuses: Embracing Imperfection and Entrepreneurial Growth
What if, instead of striving for perfection, we learned to embrace our imperfections? What if we saw them not as obstacles, but as opportunities for growth?
Starting a Business
Unleash Your Entrepreneurial Journey: Join Our Self-Paced Masterclass!
Ready to launch or grow your business? Join our self-paced masterclass and get the tools, strategies, and knowledge to build a thriving enterprise.
Business StructureVideo
Am I Personally Responsible if My LLC is Sued?
Many single-member LLC owners think they can't be sued personally. Why the IRS treats your LLC as a disregarded entity, and what that means in court.
Mindset & LeadershipVideo
7 Reasons to Change Your Friend Circle for Business Success
Seven reasons your friend circle affects your business success, from decision making to networking, and how to build a circle that pushes you forward.
Business Structure
What is an LLC? The Misunderstood Legal Entity
Despite the benefits of LLCs, they come with drawbacks, too. Owners need to weigh operational costs, registration, and legal compliance against an LLC's other tax advantages and disadvantages.
Case Studies & News
Launching Your Dream: How to Open a Wedding Venue
How MAC Enterprise Consulting took Magnolia Springs Wedding and Event Center through the Journey to Success, and what it takes to open a wedding venue.
Wealth & LegacyVideo
Unlocking Wealth: Secrets to Grow Your Money!
Want to know how to make your money work for you? Well, you're in luck because we've got some cool tips just for you!
Wealth & Legacy
Understanding Trust Accounts: A Guide by MAC Enterprise Consulting
In the realm of financial planning, trust accounts stand as pillars of security and strategic wealth management.
Starting a Business
Decoding Revenue vs. Profit: Understanding the Financial Backbone of Your Business
At MAC Enterprise Consulting, we guide businesses to navigate the intricate realms of finance, ensuring a clear path towards sustained success.
Funding & Credit
STOP letting people ‘FIX’ your credit report!
Your financial future is too precious to gamble with. So, let's be smart about credit repair and steer clear of anything that could send us off course.
Case Studies & News
Empower Your Business with MAC Enterprise
Are you tired of traditional business education focusing solely on climbing the corporate ladder, leaving you clueless about running a business? At MAC Enterprise, we resonate with your frustration and offer a groundbreaking solution.
Business StructureVideo
An LLC is NOT a Legal Separate Entity
It's commonly believed that simply having an LLC automatically designates it as a separate legal entity. However, this assumption overlooks a crucial distinction.
Funding & Credit
American Express Cards: No Social Security Number Required!
Understanding the nuances of American Express business credit card applications is essential for entrepreneurs navigating the financial landscape
Mindset & Leadership
Breaking the Chains: Liberating Your Business Potential
Unlock the secrets to entrepreneurial success with our How to Build Your Business Masterclass!
Taxes & Compliance
Navigating the Data Sharing Landscape: Understanding Agencies and Business Information
Understand how agencies collect, share, and use your business data. Learn what business owners need to know about data privacy and protecting their information.
Taxes & Compliance
Understanding Agencies and Business Information
How the IRS, state agencies and credit bureaus collect and share business data, and why separating personal and business information matters.
Starting a Business
How to Make Your Business Successful in 8 Steps
By following these steps and investing in your business's infrastructure and brand identity, you can position your venture for success and overcome any obstacles along the way.
Starting a Business
Business Owners: What’s Your Budget for Transforming Your Business?
What's your real budget for your business vision? Why assessing your resources honestly comes before strategy, and how to invest with what you have.
Mindset & Leadership
The Brutal Truth Behind Business: Why Success Isn’t About Race, It’s About Accountability
Success boils down to one word—accountability. So, when are you going to stop making excuses and start holding yourself accountable?
Mindset & Leadership
Conquering Fear: The Silent Killer of Business Growth
In the world of business, fear can be like a shadow, looming over every decision we make. The fear of failure can often feel overwhelming.
Business Structure
Your EIN does not separate you from the business
In the fast-paced world of entrepreneurship, forming a Limited Liability Company (LLC) often seems like a straightforward choice for new business owners.
Mindset & Leadership
Navigating the ‘I Am’ vs. ‘I Will Be’ Dilemma: A Personal Letter to Business Owners
In the hustle and bustle of entrepreneurship, it's easy to get caught up in the 'I am' – the current state of our businesses.
Taxes & Compliance
Navigating the Responsibilities of Pass-Through Entities: A Guide for Business Owners
As a business owner, grasping the intricacies of your business structure is crucial. One such structure, the pass-through entity, is commonly misunderstood.
Starting a Business
How to Run a Successful Business
Most business owners are just winging it, hoping things work out and letting the chips fall where they may. In other words, many business owners wake up daily, being very active in accomplishing nothing.
Case Studies & News
Small Business Administration Announces Further Action to Help PPP and COVID EIDL Borrowers
The U.S. Small Business Administration (SBA) is making things easier for COVID EIDL and PPP borrowers. If you have a loan under $100,000, there's a 60-day goodwill exception period until March 3, 2024.
Mindset & Leadership
Don’t Be Part of the Conversation, Be the Conversation
Being the conversation in business circles requires a proactive approach to excellence, customer service, brand building, strategic planning, and financial management.
Starting a Business
Transform Your Business in 2024: The Million-Dollar Roadmap
As a business owner, whether you've just started your business or are contemplating beginning one, the journey to growing it into a million-dollar business may initially appear daunting.
Taxes & Compliance
Breaking NEWS: IRS Playbook Reveals Secrets to Business Success
The IRS has published a playbook for years. How tax deadlines and filing rules reveal the way businesses should be structured, and why LLC owners miss it.
Wealth & Legacy
How to Build a Legacy in 7 Steps
Consider this opportunity to build a lasting legacy for your business by leveraging our comprehensive services to strategize a legacy plan for the future
Mindset & Leadership
Embracing Growth: Reflecting on 2023 and Setting Intentions for 2024
Acknowledging room for improvement is crucial, and I find immense gratification in embracing these opportunities for personal and professional growth.
Taxes & Compliance
Get Ready for Big Changes: FinCEN Rules in 2024
At MAC Enterprise Consulting, we help business owners understand how to properly set up a company and use a number of different strategies to help business owners navigate around this.
Mindset & Leadership
The Brutal Truth: Your Words Shape Your Business Destiny
Today, let's dissect a phrase we've come to accept without question: "limited liability." Sounds secure, doesn't it?
Taxes & Compliance
IRS Update: New Withdrawal Process for Employee Retention Credit Amid Scam Alert
The IRS recently introduced a new withdrawal process for businesses that filed Employee Retention Credit (ERC) claims but are now concerned about their eligibility. This initiative is a direct response to the widespread scams and aggressive marketing tactics targeting small businesses and organizations.
Starting a Business
5 Common Pitfalls When Starting Your Business and How to Avoid Them
Starting a business is undoubtedly challenging, but by being aware of and actively avoiding these common pitfalls, you can significantly increase your chances of success. However, even with all the right strategies in place, navigating the entrepreneurial waters can be daunting.
Mindset & Leadership
Seizing the Extra Hour: How Daylight Saving Time Can Be Your Chance to Step Up!
Embrace Daylight Saving Time as more than a mere adjustment—it's a moment to expand your horizons and actively craft the future you envision. Step up, lean into growth, and let's thrive together in the time we've been gifted.
Mindset & Leadership
Choosing a Non-Traditional Path: From Ph.D. Dropout to Entrepreneurial Success
Far too many people go to school and have NO idea what the real world looks like beyond the books. Sure, they have the academic side of things locked down; however, can school really teach a person how to manage others through a tough time.
Business Structure
Why 95% of Single-Member LLC Owners Should NOT have an EIN
Discover if you need an EIN (Employer Identification Number) according to IRS guidelines. Learn when and why an EIN is essential for your business.
Business Structure
Why Separating Personal and Business Finances is Your Lifeline to Success
Business income flows into your business account, and a business credit card handles all business expenses. With this clear division, your bookkeeper can focus solely on your business finances. No ambiguity, no blurred lines.
Funding & Credit
Preparing for the “Restore Louisiana Small Business Loan”
If you meet the criteria, you can access up to $150,000 in funding, with the possibility of 40% of the loan being forgiven. The application process is streamlined, with just a 600 credit score requirement, among other criteria.
Funding & Credit
Guiding Your Business Towards Success: Preparing for the “Restore Louisiana Small Business Loan”
The Restore Louisiana Small Business Loan can fund your recovery. Learn how to prepare your business to qualify and submit a strong application.
Starting a Business
Helping Small Businesses Thrive With Customized Business Coaching
M.A.C Enterprise Consulting, a full-service business consulting agency, is the difference between an entity thriving or failing.
Starting a Business
Become the Business Owner You Were Meant to Be with Momentum!
School didn't teach you how to run a business. Momentum's monthly business training covers branding, marketing, structure and more for new business owners.
Starting a Business
Business Planning – The Foundation of a Successful Company
Every successful business starts with a plan. Without a solid foundation, your business is like a house built on sand—unstable and bound to collapse. The first step in the Journey to Success ensures that your vision, market strategy, and structure are clearly defined before moving forward.
Starting a Business
Business Identity – Establishing Credibility
Your business identity determines how customers, lenders, and partners perceive your company. Without a professional identity, you risk being viewed as a side hustle rather than a legitimate entity.
Starting a Business
Business Registration – Making It Official
Business registration is the step where your business legally comes to life. Without proper registration, you have no business in the eyes of the law.
Starting a Business
Business Branding – More Than Just a Logo
Branding is more than a logo. A step-by-step breakdown of business branding: positioning, logo design, website development and social media setup.
Funding & Credit
Business Credit – The Key to Expansion
If you are using personal credit cards for business expenses, you are doing it wrong. Business credit allows your company to operate without relying on your Social Security Number.
Starting a Business
Bookkeeping – Managing Your Money Like a Pro
Poor financial management is the number one reason businesses fail. Without proper bookkeeping, you have no clear picture of your business’s financial health, making it difficult to make informed decisions.
Starting a Business
Business Contracts – Protecting Your Business
Contracts are the rules of engagement in business. Without them, you leave yourself open to legal and financial risks.
Business Structure
Business Protection – Safeguarding Your Legacy
Many business owners build wealth but fail to protect it. Without the proper safeguards, your business is vulnerable to lawsuits, fraud, and financial losses.
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