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Resources / Community Spotlight · 1 min read

Tyrone Marshall Jr on how to create a solid foundation for your business

We’re chatting with Tyrone Marshall Jr, owner of Melanated Business Strategies LLC, which provides strategy for small Black business owners to grow their business and mindset.

Collective Editorial Team
Written by Collective Editorial Team
Sarah Bottorf
Updated by Sarah Bottorf
Published Jul 8, 2021 · Last updated Apr 18, 2024
On this page 2 sections
  1. The deets:
  2. Describe your business:

AI Summary

AI-generated from this article. Not tax advice.

  • Tyrone Marshall Jr runs Melanated Business Strategies LLC, coaching small Black business owners to grow their business and mindset.
  • He advises establishing a solid foundation of business systems and processes before trying to build and grow.
  • He is developing a Business Builder Program and a course for his clients.
  • He says forming an S Corp ensures he gets the maximum savings for his business as it grows.

The deets:

Name: Tyrone Marshall Jr

Business Name: Melanated Business Strategies LLC

Follow on Instagram and Facebook

Describe your business:

I provide the strategy for small Black business owners to grow their business and their mindset while also coaching them through their growth.

Tell us about your self-employment journey.

It has been amazing so far. Even though it has many challenges, I take them on knowing that I am learning something that I will need in the future.

What’s the most valuable thing you learned early in your career that has contributed to your success?

Honestly, the most valuable thing I learned was to get to know myself before I do anything else.

What’s a recent project that you’ve worked on that you’re really excited about? 

I am working on my Business Builder Program and a course. They will be absolutely amazing, but I can’t say too much at this time.

Get help building your solid foundation

Are you a part of any freelancer communities? Which ones and how do they support you?

I’m in a course and group by my business coach, and it guides me on this journey through my new business.

What advice would you give other self-employed people?

Establish a solid foundation in your business before trying to build and grow. Without a solid foundation, your business may grow and collapse. This is what I help my clients with. A solid foundation means setting up your business systems and processes and the details behind those systems.

How has forming an S Corp helped you level up your business?

Forming an S-Corp ensures I get the maximum savings for my business as it grows.

Want to be featured in our community spotlight? Learn more here!

Our website contains general information only and this information is not to be taken as legal, tax, or financial advice. You should consult with your attorney and/or tax advisor to get answers to your specific questions.

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Collective handles the tax and accounting side of your business – so you have more time to focus on your passion. LLC formation, S Corp election, bookkeeping, monthly financial reporting and an average member tax savings of $10,000*.

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About the author

Collective Editorial Team

Collective Editorial Team

The Collective Editorial Team is made up of writers, editors, and subject matter experts covering everything solopreneurs deal with — from tax, bookkeeping, and business formation to marketing, growing revenue, and the everyday realities of running a business solo. The team works closely with self-employed business owners to understand what they're actually navigating, and for technical content, leverages authoritative tax and regulatory sources to keep it accurate and current.

All articles by Collective Editorial Team

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Collective provides a suite of tools, back-office support, and general information. Our services are not intended as tax, legal, or professional advice.

* Savings estimates reflect the average 2023 federal self-employment (SE) tax savings for Collective members with an S Corp tax election, based on business profits that would've otherwise been subject to SE tax. Actual savings will vary based on individual circumstances.

** Based on data sourced from Shopify blog, QBO Essentials, QBO Live, Gusto, Taxfyle, Intuit "Tax Pro" Research, LegalZoom and JustAnswer.com as of August 2025.

† Individual tax return packages are billed as an annual, one-time add-on fee.

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