Archive for March, 2010

File an LLC to find big benefits for a small business

Wednesday, March 31st, 2010

LLCs are one of the most commonly chosen business structures among entrepreneurs who are starting a company. With the help of online incorporation services, it’s simple to file an LLC, but it’s smart to know how to use this structure to its full advantage. Business Insider offers some insight on how to make the most [...]

Corporate veil hard to pierce: Entrepreneurs may protect themselves against lawsuits with business incorporation

Wednesday, March 31st, 2010

According to a report from Leagle.com, Frazao Building Corporation couldn’t get a job done – but the owners were never failed. In 2009, the company was sued for leaving incomplete construction work in the hands of a client. A disgruntled client sought damages, but the courts would have none of it. In the ruling, the [...]

Thinking of forming a company? Sharpening entrepreneurial skills may see success

Tuesday, March 30th, 2010

For entrepreneurs interested in forming a company, it’s important to learn the basics about business – and business formation – in order to turn a great idea into a great corporation. Entrepreneur.com offers some insight entrepreneurs should consider when pursuing business incorporation. To start, it’s important that prospective business owners start to think in numbers. [...]

Entrepreneurs take note: Tax trends for 2010

Tuesday, March 30th, 2010

Entrepreneurs are likely finishing up their 2009 tax filings. As they prepare to leave last year’s finances behind them, it might be wise to look ahead to tax trends for 2010. One small business resource center offers some insight on what the coming tax year may hold for the small business community. To start, they [...]

Proposed tax unlikely to have negative impact on business incorporation

Monday, March 29th, 2010

As entrepreneurs celebrate the recently passed Small Business and Infrastructure Jobs Tax Act, which increases tax credits for startups, they also wait to see the impact of a new measure Congress has proposed. Congress plans to raise the taxes on high-income individuals, returning the top two marginal tax rates from 33 and 35 percent to [...]

Why an S Corporation might secure success for your small business

Monday, March 29th, 2010

For entrepreneurs ready to start a corporation, navigating different benefits of different business types can be tricky. Luckily, the Wall Street Journal recently discussed why some businesspeople find S corporations are best. S corporations provide liability protection while still allowing business profits to pass through the shareholders’ personal tax returns. This means businesspeople are protected [...]

Reduce startup stress with incorporation

Monday, March 29th, 2010

Entrepreneurs who are starting a company know there are many things to worry about – from effectively marketing products to finding the right employees. But potential lawsuits and loss of personal property might not have to be a concern for business owners who incorporate their companies. The corporate veil is hard for plaintiffs to pierce. [...]

What’s the best structure for your business?

Friday, March 26th, 2010

Entrepreneurs are likely aware of the fact that business incorporation is a good way to protect personal assets. It’s important to understand the nuances of different entities to ensure that the best model for a company is chosen. Inc.com offers some tips on which entity might be the best fit for a business. The source [...]

Become more appealing to lenders with business incorporation

Thursday, March 25th, 2010

Even with President Barack Obama’s recent allocation of $30 billion to banks that make loans to small businesses, many entrepreneurs reportedly struggle to find sufficient funds. Additionally, recent legislation proposed by Senator Dodd might render a number of angel investors no longer credible. A report from Fox Business offers some insight on how business owners [...]

New bill might create a favorable environment for forming a company

Thursday, March 25th, 2010

America may be on the path to national recovery, but the Bureau of Labor Statistics reports that the unemployment rate lingered at 9.7 percent last month. Economists look to small businesses to help generate new jobs, and now entrepreneurs might be getting some help in accomplishing this goal thanks to a new bill aimed to [...]

Protect your assets in a recovering economic climate

Wednesday, March 24th, 2010

Even as the nation moves toward recovery, the economic climate has caused a number of economic losses for business people. Still, it’s not too late to protect personal assets from any potential business losses. A report from Resource Nation offers entrepreneurs some tips on how to be proactive about protecting personal assets in tough economic [...]

S Corporations could give businesses a competitive edge in trying times

Wednesday, March 24th, 2010

A recently released survey from Georgetown indicates that S corporations owned by employees through employee stock ownership plans (ESOPs) might be the most resilient companies in recessions. The study reviewed the performance of S corporations in 2008 and found that these entities provide considerable benefits to workers and business owners. The results demonstrate that S [...]