If you are a small employer with fewer than 25 full-time equivalent employees, pay an average wage of less than $50,000 a year, and pay at least half of your employee health insurance premiums then you may be eligible for the Small Business Health Care Tax Credit.

For tax years 2010 through 2013, the maximum credit is 35 percent for small business employers and 25 percent for small tax-exempt employers such as charities. An enhanced version of the credit will be effective beginning Jan. 1, 2014. The IRS is expected to issue additional information about the enhanced version as it becomes available. In general, on Jan. 1, 2014, the rate will increase to 50 percent and 35 percent, respectively.

Here’s what this means for you. If you pay $50,000 a year toward workers’ health care premiums – and if you qualify for a 15 percent credit, you save $7,500. If, in 2014, you qualify for a slightly larger credit, say 20 percent, your savings go from $7,500 a year to $12,000 a year.

Even if you are a small business employer who does not owe tax for the year, you can carry the credit back or forward to other tax years. Also, since the amount of the health insurance premium payments are more than the total credit, eligible small businesses can still claim a business expense deduction for the premiums in excess of the credit. That’s both a credit and a deduction for employee premium payments.

There is good news for small tax-exempt employers too. The credit is refundable, so even if you have no taxable income, you may be eligible to receive the credit as a refund so long as it does not exceed your income tax withholding and Medicare tax liability.

This credit was provided by the Patient Protection and Affordable Care (PPAC) Act as part of a design to reform the United States health care system and encourage employer’s shared responsibility. If you have any questions regarding this credit or any other provision of PPAC Act, please call our office at (310) 691-5040 or (818) 691-1234 or e-mail us at info@www.azranfinancial.com.

What does your business start-up need to know about accounting?  Well, here’s where to start:

  1. What is your business structure? Choose the best ownership structure for the short term, but do not forget to consider the long term. Maybe an LLC is appropriate for now, and a C-Corporation later.
  2. Where do we form our entity? Do we choose Delaware or Nevada or California? Do we need to register in more than one state?
  3. Are you going to keep your books on a cash-basis, accrual-basis, income-tax-basis, or use some other method? Do your books need to comply with GAAP?
  4. Filing deadlines are different for start-up businesses than for individuals. We all know the April deadline for personal tax returns, but corporate and business returns are due in March and filing late or missing a deadline could trigger interest and penalties.
  5. You will need an EIN (employer identification number) to file your taxes.
  6. Though not accounting per se, startups need insurance. Whatever risks are associated with your business, you need to get the proper business insurance.
  7. Choose your accounting software. We recommend consulting your CPA to determine the best package to fit your needs.
  8. There is no reason to wait to hire your accountant.  Quite the contrary, waiting can lead to missed opportunities and inefficiencies that could have been otherwise avoided. A credentialed accounting professional will be able to assist you in all aspects of your start-up business.

Accurate record keeping for a startup is a fundamental practice. It is never too soon to develop best practices for your early-stage venture’s financial records.  Quality data leads to actionable information which is the backbone of business intelligence.

High-quality information is a necessity for accurate decision making in the operations of any business.  Rather than being only a consumer of time, in fact, accounting helps your small business generate profit.

The types of records which should be kept include (but are not limited to):

  • Bank Deposits and Withdrawals
  • Bank Statements and Credit Card Statements
  • Federal, State, and Local Tax Filings
  • Legal Contracts of all Types including Equity Agreements, Stock Option Grants, Options Exercises
  • Payroll Records and Payroll Tax Filings
  • Receipts for Purchases

We often get asked about what type of software we recommend to keep these various books and records. For start-up accounting solutions, we recommend the following:

  • Intuit QuickBooks (Hint: If you buy the desktop version, splurge for Accountant Edition with its extra features)
  • Intuit QuickBooks Online
  • Wave Accounting
  • Xero
These products are relatively simple to use and do not require an accounting background.  One should familiarize themselves with the Basic Terms of Accounting and the Different Types of Financial Statements to gain a working knowledge.
There are many payroll providers available, and also options that include blended HR services.  A great option for startup payroll preparation is to work with your outside accountant.  Oftentimes, this can be a less costly option than the traditional providers.
At some point, as you are on the way to becoming the CFO of your startup, you will encounter some important decisions including:
  1. Entity selection (Usually an LLC or C-Corporation, often in Delaware)
  2. Year-End (December is most common)
 These are items which are best planned in conjunction with your startup’s accounting and law firms.
Many startups’ next mistake is about filing taxes.  If you are a Delaware LLC or C-Corporation, you will usually still need to file taxes in the state where you are conducting business.  In fact, if your startup encounters a concept called nexus, you may have tax obligations in multiple states or jurisdictions.
For a quick overview of some tax considerations for your startup:
Corporate Tax:
  • Based on Net Income: No income, no tax (*except for certain states like California)
  • Federal Form 1120: 4 Months and 15 days after the year-end (E.g. Due 4/15 for Calendar year-end companies)
  • California Form 100: Minimum tax of $800.  Exemption for the first year. (Same due date as above)
  • Other states if you have “nexus.”
  • If you are required to pay taxes, your startup may need to make quarterly estimated tax payments

Employment Tax:

  • Federal and State Income tax withholding
  • Social Security, Medicare, FICA, Unemployment (quarterly, monthly, or semi-weekly deposit schedules)
  • State Unemployment, State Disability Insurance
  • Additional local taxes (Varies by jurisdiction)
Sales and Use Tax
Fees:
Most startups do not have the time or expertise to understand these complex areas of accounting.  In fact, many accounting firms can struggle when they begin to encounter startup-specific issues like 83(b) elections and the like.  That is why it is important to find a CPA who specializes in startups.  In most cases, your startup is not deriving value from the capabilities of its extensive finance and accounting staff as it may from its developers, marketers, or the like.  The answer for many startups is to use outsourced accounting or as we call it, Corporate Business Management.
Though you do not need to become an expert in accounting and tax, it is important to develop a working knowledge so that your trusted advisors can provide value in a manner in which you can understand and make actionable decisions.

Rahim Fazal, this week’s live chat host (click here to RSVP), still remembers the exact moment he knew he would be a lifelong entrepreneur. It was June 14th, 2000. Rahim was in his senior year at high school, and he’d just sold his first venture, a Web hosting company, for a sweet $1.5 million.

Up to that moment, everyone around me, my parents, my family, my teachers, my counselors, etc. was telling me what to do with my life,” he told a startup conference audience in Canada earlier this year.

Not anymore, clearly.

The co-founder of Involver, the world’s largest social media marketing platform (just acquired by Oracle), has never looked back. In fact, he went on to become one of the youngest directors of a publicly traded company in the history of the U.S. and the youngest student ever accepted into Canada’s top MBA program at the Richard Ivey School of Business.

To boot, the White House just honored Rahim with an Empact 100 Award too, and he’s been named as one of the Top 25 Digital Thought Leaders by iMedia. And today, Involver is used by more than 1 million companies, including a number of Fortune 500s.

So what’s his secret sauce? How did Rahim get so far, so fast?

Aside from being nice and not listening to detractors, he says it’s all about throwing away your pride and asking for help when you need it.

That “aha moment” came to Rahim when he started falling behind at university. “Running out of options and excuses, I admitted I just didn’t get the material,” he remembers. For the first time in his life, he had to ask for help. “With a little bit of luck, and A LOT of help, I graduated with an A-average.

And look how far he’s come!

This Thursday, January 10th at 3 PM EST, why not come get a bit zen with a real business Buddha?

Learn how it could just be your pride holding you back. Rahim Fazal will unblock your shareholder chakra and lead you down the path to ultimate entrepreneurial enlightenment … no yoga mats required!

Join our hour-long #StartupLab live chat presented by Citi, and learn firsthand how to let go — and go higher.

Got questions for Rahim? Bring them with you Thursday to the live chat!

Click here to RSVP`

After weeks, indeed months of proposals and counter-proposals, seemingly endless negotiations and down-to-the-wire drama, Congress has passed legislation to avert the tax side of the so-called “fiscal cliff.” The American Taxpayer Relief Act permanently extends the Bush-era tax cuts for lower and moderate income taxpayers, permanently “patches” the alternative minimum tax (AMT), provides for a permanent 40 percent federal estate tax rate, renews many individual, business and energy tax extenders, and more. In one immediately noticeable effect, the American Taxpayer Relief Act does not extend the 2012 employee-side payroll tax holiday.

The American Taxpayer Relief Act is intended to bring some certainty to the Tax Code. At the same time, it sets stage for comprehensive tax reform, possibly in 2013. Moreover, it creates important planning opportunities for taxpayers, which we can discuss in detail.

Individuals:

Unlike the two-year extension of the Bush-era tax cuts enacted in 2010, the debate in 2012 took place in a very different political and economic climate. If Congress did nothing, tax rates were scheduled to increase for all taxpayers at all income levels after 2012.  President Obama made it clear that he would veto any bill that extended the Bush-era tax cuts for higher income individuals. The President’s veto threat gained weight after his re-election.  Both the White House and the GOP realized that going over the fiscal cliff would jeopardize the economic recovery, and the American Taxpayer Relief Act is, for the moment, their best compromise.

Tax rates.  The American Taxpayer Relief Act extends permanently the Bush-era income tax rates for all taxpayers except for taxpayers with taxable income above certain thresholds:

$400,000 for single individuals, $450,000 for married couples filing joint returns, and $425,000 for heads of households.  For 2013 and beyond, the federal income tax rates are 10, 15, 25, 28, 33, 35, and 39.6 percent.  In comparison, the top rate before 2013 was 35 percent.  The IRS is expected to issue revised income tax withholding tables to reflect the 2013 rates as quickly as possible and provide guidance to employers and self-employed individuals.

Additionally, the new law revives the Pease limitation on itemized deductions and personal exemption phaseout (PEP) after 2012 for higher income individuals but at revised thresholds. The new thresholds for being subject to both the Pease limitation and PEP after 2012 are $300,000 for married couples and surviving spouses, $275,000 for heads of households, $250,000 for unmarried taxpayers; and $150,000 for married couples filing separate returns.

Capital gains.  The taxpayer-friendly Bush-era capital gains and dividend tax rates are modified by the American Taxpayer Relief Act. Generally, the new law increases the top rate for qualified capital gains and dividends to 20 percent (the Bush-era top rate was 15 percent). The 20 percent rate will apply to the extent that a taxpayer’s income exceeds the $400,000/$425,000/$450,000 thresholds discussed above. The 15 percent Bush-era tax rate will continue to apply to all other taxpayers (in some cases zero percent for qualified taxpayers within the 15-percent-or-lower income tax bracket).

Payroll tax cut.  The employee-side payroll tax holiday is not extended. Before 2013, the employee-share of OASDI taxes was reduced by two percentage points from 6.2 percent to 4.2 percent up the Social Security wage base (with a similar tax break for self-employed individuals).  For 2013, two percent reduction is no longer available and the employee-share of OASDI taxes reverts to 6.2 percent. The employer-share of OASDI taxes remains at 6.2 percent. In 2012, the payroll tax holiday could save a taxpayer up to $2,202 (taxpayers earning at or above the Social Security wage base for 2012).  As a result of the expiration of the payroll tax holiday, everyone who receives a paycheck or self-employment income will see an increase in taxes in 2013.

AMT. In recent years, Congress routinely “patched” the AMT to prevent its encroachment on middle income taxpayers. The American Taxpayer Relief Act patches permanently the AMT by giving taxpayers higher exemption amounts and other targeted relief. This relief is available beginning in 2012 and going forward. The permanent patch is expected to provide some certainty to planning for the AMT. No single factor automatically triggers AMT liability but some common factors are itemized deductions for state and local income taxes; itemized deductions for miscellaneous expenditures, itemized deductions on home equity loan interest (not including interest on a loan to build, buy or improve a residence); and changes in income from installment sales. Our office can help you gauge if you may be liable for the AMT in 2013 or future years.

Child tax credit and related incentives.  The popular $1,000 child tax credit was scheduled to revert to $500 per qualifying child after 2012.  Additional enhancements to the child tax credit also were scheduled to expire after 2012.  The American Taxpayer Relief Act makes permanent the $1,000 child tax credit. Most of the Bush-era enhancements are also made permanent or extended. Along with the child tax credit, the new law makes permanent the enhanced adoption credit/and income exclusion; the enhanced child and dependent care credit and the Bush-era credit for employer-provided child care facilities and services.

Education incentives.  A number of popular education tax incentives are extended or made permanent by the American Taxpayer Relief Act.  The American Opportunity Tax Credit (an enhanced version of the Hope education credit) is extended through 2017.  Enhancements to Coverdell education savings accounts, such as the $2,000 maximum contribution, are made permanent.  The student loan interest deduction is made more attractive by the permanent suspension of its 60-month rules (which had been scheduled to return after 2012). The new law also extends permanently the exclusion from income and employment taxes of employer-provided education assistance up to $5,250 and the exclusion from income for certain military scholarship programs.  Additionally, the above-the-line higher education tuition deduction is extended through 2013 as is the teachers’ classroom expense deduction.

Charitable giving.  Congress has long used the tax laws to encourage charitable giving.  The American Taxpayer Relief Act extends a popular charitable giving incentive through 2013:  tax-free IRA distributions to charity by individuals age 70 ½ and older up to maximum of $100,000 for qualified taxpayer per year.  A special transition rule allows individuals to recharacterize distributions made in January 2013 as made on December 31, 2012.  The new law also extends for businesses the enhanced deduction for charitable contributions of food inventory.

Federal estate tax.  Few issues have complicated family wealth planning in recent years as has the federal estate tax.  Recent laws have changed the maximum estate tax rate multiple times. Most recently, the 2010 Taxpayer Relief Act set the maximum estate tax rate at 35 percent with an inflation-adjusted exclusion of $5 million for estates of decedents dying before 2013. Effective January 1, 2013, the maximum federal estate tax will rise to 40 percent, but will continue to apply an inflation-adjusted exclusion of $5 million. The new law also makes permanent portability between spouses and some Bush-era technical enhancements to the estate tax.

Businesses:

The business tax incentives in the new law, while not receiving as much press as the individual tax provisions, are valuable. Two very popular incentives, bonus depreciation and small business expensing, are extended as are many business tax “extenders.”

Bonus depreciation/small business expensing.  The new law renews 50 percent bonus depreciation through 2013 (2014 in the case of certain longer period production property and transportation property). Code Sec. 179 small business expensing is also extended through 2013 with a generous $500,000 expensing allowance and a $2 million investment limit.  Without the new law, the expensing allowance was scheduled to plummet to $25,000 with a $200,000 investment limit.

Small business stock.  To encourage investment in small businesses, the tax laws in recent years have allowed noncorporate taxpayers to exclude a percentage of the gain realized from the sale or exchange of small business stock held for more than five years.  The American Taxpayer Relief Act extends the 100 percent exclusion from the sale or exchange of small business stock through 2013.

Tax extenders.  A host of business tax incentives are extended through 2013.  These include:

  • Research tax credit or R&D credit
  • Work Opportunity Tax Credit (WOTC)
  • New Markets Tax Credit
  • Employer wage credit for military reservists
  • Tax incentives for empowerment zones
  • Indian employment credit
  • Railroad track maintenance credit
  • Subpart F exceptions for active financing income
  • Look through rules for related controlled foreign corporation payments

Energy:

For individuals and businesses, the new law extends some energy tax incentives.  The Code Sec. 25C, which rewards homeowners who make energy efficient improvements, with a tax credit is extended through 2013.  Businesses benefit from the extension of the Code Sec. 45 production tax credit for wind energy, credits for biofuels, credits for energy-efficient appliances, and many more.

Looking ahead

The negotiations and passage of the new law are likely a dress rehearsal for comprehensive tax reform during President Obama’s second term.  Both the President and the GOP have called for making the Tax Code more simple and fair for individuals and businesses.  The many proposals for tax reform include consolidation of the current individual income tax brackets, repeal of the AMT, moving the U.S. from a worldwide to territorial system of taxation, and a reduction in the corporate tax rate. Congress and the Obama administration also must tackle sequestration, which the American Taxpayer Relief Act delayed for two months. All this and more is expected to keep federal tax policy in the news in 2013. Our office will keep you posted of developments.

If you have any questions about the American Taxpayer Relief Act, please contact Azran Financial at (310) 691-5040 or (818) 691-1234 or via e-mail at info@www.azranfinancial.com.  We can schedule an appointment to discuss how the changes in the new law may be able to maximize your tax savings.

When Nick Friedman (this week’s live chat host — RSVP here) and his best friend Omar Soliman co-founded College Hunks Hauling Junk, all they had was a beat-up van and a local service.

But what started as a small business went VERY big, very fast, following a storm of media attention and customer demand.

Nick and Omar — who were very good at the hauling part — suddenly faced the daunting task of turning their business into a sophisticated operation, with rules, systems, employees and a very promising financial future.

Nick completed a 3-year Entrepreneurial Masters Program at MIT, but he found the most valuable training was finding other successful people he admired, asking them for their advice, and applying those techniques to College Hunks Hauling Junk.

His approach has paid off; there are few entrepreneurial top honors Nick hasn’t nabbed, from a spot on the Inc. 500 list of fastest growing U.S. companies to Ernst & Young Entrepreneur of the Year nominations, Inc.’s 30 Under 30 list, TV spots on “Shark Tank” and “Oprah,” participation in White House panels on entrepreneurship, and press coverage in just about every major media outlet.

To boot, he and Omar found time to author a bestselling book, Effortless Entrepreneur.

Now, College Hunks is one of the largest and fastest-growing junk removal/moving service franchise opportunities in the United States, with 45+ franchises nationwide. As President, Nick has played a major role in growing the business from cargo van to powerhouse. He pays it forward, too, by offering other aspiring entrepreneurs his best advice on leadership, culture and delegation along the way.

Want to learn more about startup leadership? Founding a company that takes off, wildly, with your best friend? Join him on Thursday, January 3rd at 3 PM ET for an hour-long #StartupLab live chat presented by Citi.

Click here to RSVP!>>

Planning Opportunities for New 3.8-Percent Medicare Tax Using S Corporations

The Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act implemented Code Sec. 1411, which imposes a new 3.8-percent Medicare tax on unearned income of higher-income individuals. The tax will take effect January 1, 2013, and applies to the net investment income of individuals, estates, and trusts that exceeds specified thresholds. Although the tax does not apply to corporations, it will apply to dividends and other passive income derived from corporations.

Because the tax on net investment income applies to individuals, it may apply to amounts received by individuals from passthrough entities, such as partnerships, limited liability companies, and S corporations. Under general principles, items of income that flow through a partnership, S corporation, or limited liability company (LLC) to partners, shareholders, or members retain their character. Thus, for example, interest income earned by a partnership is still characterized as interest when it passes through to a partner.

Net Investment Income

The tax, known as the Medicare contribution tax, equals 3.8 percent of the lesser of (1) an individual’s net investment income or (2) the excess of the individual’s modified adjusted gross income (AGI) over the threshold amount. The thresholds are $250,000 for married taxpayers filing a joint return; $125,000 for married taxpayers filing a separate return; and $200,000 for all other taxpayers.

Trusts and estates are subject to a much lower threshold. They should strive to distribute their income to their individual beneficiaries to minimize the tax.

The tax does not apply to non-resident aliens, charitable trusts, or corporations.

Net investment income includes gross income from interest, dividends, royalties, and rents, as well as net gain from the disposition of property, unless such income is derived from a passive activity. The tax also applies to other gross income from a trade or business that is a passive activity. Thus, the application of the tax depends on the character of the amounts and the treatment of amounts received from these entities.

Passive Activities

The tax applies to passive income, which is income from a trade or business that is a passive activity under Code Sec. 469. An activity is passive if it involves the conduct of a trade or business in which the taxpayer does not materially participate. Very generally, material participation exists if the taxpayer is involved in the operations of the activity on a regular, continuous, and substantial basis. Accordingly, if the individual materially participates in the entity’s business, the tax on net investment income does not apply to income from the entity. If the individual does not materially participate, the income is characterized as passive and may be subject to the tax under Code Sec. 1411(c)(2).

A sole proprietor by definition manages his or her business. Thus, the sole proprietor materially participates in his or her business and would not have to pay the 3.8-percent tax on income of the proprietorship.

Income from a partnership, S corporation, or LLC is often characterized as passive income if the individual does not materially participate in the business of the entity. In the past, passive income was seen as beneficial, because it could be used to offset passive losses. Thus, in the past, taxpayers have desired passive income and may even have planned for it. Now, because of the net investment income tax, certain taxpayers may prefer not to have income characterized as passive.

Social Security Taxes

Employees generally are subject to Social Security (FICA or SECA) taxes on their wage income, amounting to 7.65 percent contributed by the employee and the employer. This also applies to wages paid to partners. Self-employed individuals pay a similar tax (15.3 percent, which includes both the employee’s and the employer’s shares) on their business income. This income is characterized as net earnings from self employment.

The current payroll tax holiday has reduced an employee’s employment tax share to 5.65 percent (13.3 percent for self-employed). Absent further legislation, the rates will revert to their previous levels in 2013.

Net earnings from self-employment are specifically excluded from being characterized as net investment income (Code Sec. 1411(c)(6)). This eliminates the possibility of an individual being subject to Medicare taxes on both earnings and unearned income.

Partnership Income

Earnings or business income derived from a partnership, which flows through the entity to the general partners, is characterized as net earnings from self-employment. Therefore, it is subject to self-employment tax, and is not subject to the 3.8-percent tax on net investment income.

Income that flows through to the limited partners is not treated as net earnings from self-employment. It will be subject to the 3.8-percent net investment income tax, but not the Social Security tax.

If the same individual is both a general partner and a limited partner, the characterization of the income is not so clear and likely will be subject to greater examination by the IRS.

S Corporation Income

Unlike a partnership, an S corporation’s income that passes through to its owners (its shareholders) is not per se characterized as net earnings from self-employment, because dividends on shares of stock issued by the S corporation are excluded from this characterization. Similarly, normal distributions actually made by an S corporation to its shareholders are not treated as net earnings from self-employment. However, this contrasts with distributions that are payments of wages to shareholder-employees, which are subject to Social Security taxes.

Thus, shareholder-employees can avoid Social Security taxes by withdrawing funds from the S corporation as a distribution, rather than as wages. However, if the employee takes no salary or an unreasonably low salary, the courts generally have supported the IRS in recharacterizing at least a portion of the distributions as wages subject to Social Security taxes.

Income that passes through to S corporation shareholders, as well as distributions, will be subject to the 3.8-percent Medicare tax unless the shareholder materially participates in the business (i.e., the S corporation’s business is not a passive activity with respect to the shareholder). In the latter case, however, the income may successfully avoid both Social Security taxes and Medicare taxes. Furthermore, gain on the sale or redemption of the S corporation interest likewise should not be net investment income under this interpretation if the shareholder materially participates in the business.

Planning Strategies

With these consequences in mind, taxpayers may now be more inclined to establish an S corporation to run their business as long as they are materially involved in the operation of the business and pay reasonable salaries to shareholder-employees. This can be accomplished with a variety of structures.

The basic structure is to operate the business through an S corporation or through an LLC that elects to be taxed as an S corporation. The shareholder-owners must be materially involved in the business. Wages paid to shareholder-employees will be subject to Social Security taxes, but distributions, passthrough income, and net gains from the sale or redemption of the shareholder’s interest in the S corporation will not be subject to the net investment income tax.

If a shareholder does not materially participate in the business operations, the net investment income tax will apply to income items paid or distributed to the shareholder (other than wages).

Variations of this basic structure can be used, and the tax consequences should be the same. S corporations can only have one class of stock. An LLC with one class of interests and no preferred income allocations or distributions may elect S corporation treatment for tax purposes and secure this same treatment. Another variation can be used if there are varying interests. An S corporation owned by the business’s operators can become a member of an LLC with other investors who are not eligible to hold S corporation stock (e.g. foreign investors) becoming members of the LLC.

Another possible structure uses a corporation as the manager of an LLC. The corporate manager in this case would have the authority to bind the LLC. A member investing in the LLC as a limited partner would not be subject to self-employment taxes. If involved in the business, the limited partner would not be subject to the net investment income tax. It may not be so clear, however, how to treat an LLC member who is involved in the business for self-employment tax purposes. Finally, a limited partnership with an S corporation as the sole general partner could also obtain these benefits. Income would pass through and the limited partners would qualify for the limited partner exception to self-employment taxes.

The IRS has argued that LLCs should be treated as limited partnerships, but the courts generally have not accepted this analysis.

Under current law, it appears that investors may be able to use the S corporation structure to avoid most Social Security self-employment taxes and the net investment income tax. However, the IRS has yet to issue regulations on the 3.8-percent net investment income tax, and it remains to be seen whether potential IRS guidance on material participation in a business, or other interrelationships between the self-employment tax and net investment income tax provisions under the Code, will affect the use of these structures.

Have you ever thought about what you would ask the founders of the world’s most successful startups — like RentTheRunway, 99Designs and iContact?

If you could really pick their founders’ brains, what would you MOST want to know?

We have some exciting news to share with you — you don’t have to wonder anymore. You can ask some of the top startup founders in the world right now anything you want, live, every month — and get their hard-won advice in eBooks and articles delivered right to your inbox, too.

That’s because Azran Financial has partnered with theYoungEntrepreneurCouncil (a nonprofit organization comprised of over 500 successful young entrepreneurs) to give you access to #StartupLab, a virtual mentorship program that features real-world, real-time advice from some of the coolest entrepreneurs in the world.

As a member of Azran Financial, you can get DIRECT access to tactical advice and mentorship  from YEC’s awesome entrepreneurs — for free — through interactive video chats with top business founders, weekly email lessons and YEC’s complete library of how-to articles, videos and eBooks.

The best part is that #StartupLab is fun, interactive and totally virtual — which means you can download eBooks and explore content written by entrepreneurs whenever you want, wherever you are. Just log onto our Facebook Page https://www.facebook.com/AzranFinancial and check it out. You can start reading articles and viewing past live chats right away. Oh, and don’t forget to RSVP for the next live chat, too.

We’re excited to be a part of #StartupLab and offer you this amazing resource on your entrepreneurial journey. If you have any questions or feedback about the program, let us know. We can’t wait to hear what you think!