Month: March 2015

Critical questions your business plan should answer

March 30, 2015

For the first few years after you start a company, your business plan will serve as a roadmap for the entire enterprise. It will be a document you turn to repeatedly, whether to woo potential partners and investors or to make significant business decisions. 

If you want to lay the groundwork for a stable business, it's essential to get your business plan right. Here are ... Read More

What’s in a company name? [Video]

March 30, 2015
What's in a name? As you might expect, quite a lot. Good names are the linchpins of successful businesses. Your company name lays the foundation for your image, and is often the first thing people encounter when they hear about your business. The best names will embody both your values and your organization's distinguishing characteristics. So it makes sense to put a lot of thought into the ... Read More

Now is a great time to start a business

March 24, 2015

Employment has been rebounding, and yet the number of "soloprenuers" rose 12.5 percent from 2011 to 2014, according to a report by MBO Partners, a business services group. By 2019, the number of people who derive all or part of their income from independent work is estimated t... Read More

Do you have to register your business in multiple states?

March 23, 2015

Most business owners start their business where it is most convenient, and choose to incorporate in the state where they live. But what if your business activities are not that simple? Many companies conduct business out-of-state, have partners or employees in different parts of the country and sell online. The simplest of procedures can complicate the legal processes involved in running a c... Read More

Deciding which corporate structure is right for you [Video]

March 23, 2015
Starting a business means making a number of decisions, one of which is choosing the best corporate structure for your company. Understanding the best legal structure for your venture means considering a variety of factors, such as taxes, personal liability limitations, transferability and investor expectations. There are different advantages and disadvantages to each setup. Some of the most... Read More

3 tips for young startup founders

March 18, 2015

You're young, talented, full of ambition and you plan on taking the entrepreneurial world by storm. Of course, you're not quite sure where to begin but you've seen other young business owners do it, so why not get started, right? Wrong. As common as young entrepreneurs are becoming, there are many more stories of failure than of success. Make sure you're not one of the fo... Read More

When incorporating can’t protect personal assets

March 17, 2015

Sharp business owners know that there are numerous benefits of incorporating, so much so that it is an essential part of entrepreneurship. Incorporation can lower tax bills, ensure business longevity and increase legitimacy in the eyes of investors and the public.... Read More

3 questions to ask yourself before becoming an entrepreneur

March 17, 2015

Entrepreneurship can be a risk. There is nothing safe about quitting your day job, maxing out credit cards for capital and pitching an idea that may or may not succeed to investors in the hopes that they will fund you. Starting a business from scratch means having nerve, determination and drive. It can be a rewarding and fulfilling experience if you are willing to take the challenge.

B... Read More

What state should you incorporate in? [Video]

March 12, 2015

Incorporation is an important part of starting your own business, but the process can sometimes be confusing, especially when it comes to choosing which state to incorporate in.

There are a number of factors to consider when selecting which state your business will be incorporated in. One option is to simply incorporate in your home state. This involves filing incorporation paperwork a... Read More

3 reasons to start a business

March 12, 2015

The changing economy has forced many people to start thinking out of the box as far as their careers are concerned. According to Business Insider's Infographic, The State of U.S. Small Businesses, there are over 28 million small business in the United States, accounting for over 22 million self-employed individuals.

The economy is not the only reason to consider opening your own b... Read More