Archive for July, 2010

Many unemployed workers filing an LLC instead of job hunting

Thursday, July 22nd, 2010

As the jobs market continues to struggle, many unemployed workers are turning to entrepreneurship. A new study by CareerBuilder says that of the people who have been out of work for more than six months, 26 percent are considering forming a company. Currently, 6.8 million people have been out of work for more than 27 [...]

Available resources helping San Diego entrepreneurs start a corporation

Thursday, July 22nd, 2010

The idea of forming a company can seem like an overwhelming process to many first-time entrepreneurs. But small business owners in the San Diego area have a number of organizations that can help them with filing an LLC or any other business matter, San Diego News Room reports. In terms of general small business mentoring [...]

Officials say Tennessee’s business-friendly policies help promote job growth

Wednesday, July 21st, 2010

A recent study by the U.S. Department of Commerce – praising steps taken by the State of Tennessee to help entrepreneurs looking to start a company or form an LLC – was the subject of a recent roundtable discussion among many of the state’s business leaders. The report praised steps like the creation of the [...]

Entrepreneurs shouldn’t rely on software for business plans

Wednesday, July 21st, 2010

One of the key steps before filing an LLC to start a business is creating a business plan that outlines the company’s future objectives. But as consultant Connie Edwards tells the Savannah Morning News, it’s often the wrong decision to rely heavily on business plan software to write it. She says that many small business [...]

LLCs are fastest growing business entity

Tuesday, July 20th, 2010

While limited liability companies are the newest form of business entity, new figures shows they are also the most popular. A recent report in the Fordham Journal of Corporate and Financial Law found that from 2004 to 2007, LLCs formed at twice the rate of traditional C corporations. In several states, the ratio was even [...]

New Ohio nonprofit will help nurture startups

Tuesday, July 20th, 2010

A new nonprofit organization in Cincinnatti, Ohio, called the Brandery will serve as a business incubator to help entrepreneurs who are forming an LLC in the consumer marketing field. The center was created by David Knox, the brand manager of global branded entertainment for Proctor & Gamble. It will give a $20,000 grant to five [...]

Minority-owned businesses on the rise

Tuesday, July 20th, 2010

The number of minority-owned businesses in the U.S. has shown a significant increase in recent years, according to figures from the U.S. Census Bureau. From 2002 to 2007, the number of minority entrepreneurs who have started an LLC or other business type increased 46 percent to roughly 5.8 million companies. Small business growth by minorities [...]

Annapolis to start a corporation to make the city more business-friendly

Monday, July 19th, 2010

City council members in Annapolis, Maryland, have now approved legislation to create an independent corporation that will help make the city more friendly to entrepreneurs looking to form an LLC or other business entity, the Capital reports. The bill will use $400,000 in city funds to create the Annapolis Economic Development Corporation, which will advocate [...]

Customers can often be entrepreneurs’ best developers

Sunday, July 18th, 2010

Small business owners are always looking for ways to better develop and market their products. Entrepreneur magazine says that companies often overlook the importance of customer input in the process. Several successful business owners told the magazine that they worked to receive customer feedback through focus groups and other avenues before trying to start a [...]

Expert: Most entrepreneurs shouldn’t waste their time looking for outside investors

Friday, July 16th, 2010

For an entrepreneur, the goal of getting investors as they work to start a corporation or form an LLC can seem like a daunting task. Entrepreneurship professor and BusinessWeek contributor Scott Shane says many small business owners would be better off changing their business plans to avoid needing them. Shane says that even though emailing [...]

VC firm gives entrepreneurs unprecedented access

Thursday, July 15th, 2010

Bain Capital Ventures – part of Boston-based Bain Capital, has launched the Bain Capital Ventures Innovation Center, which will help entrepreneurs network with each other and gain expert feedback as they work to start an LLC or other small business entity. The network – modeled after Facebook and LinkedIn – will allow entrepreneurs and potential [...]

Syracuse University hosts entrepreneurship boot camp for disabled veterans

Thursday, July 15th, 2010

Syracuse University’s Whitman School of Business will host its fourth Entrepreneurship Bootcamp for Disabled Veterans later this month, giving former soldiers a way to learn the skills that will help them form an LLC to start their own businesses. "Wounded warriors are coming back from these conflicts with fewer opportunities in the workplace," said Melvin [...]

California networking firm starts angel investment group

Thursday, July 15th, 2010

Silicon Valley members of the Santa Clara-based nonprofit networking firm TiE have formed an angel investment group to help area entrepreneurs who are looking to form an LLC. The group says its members will work to provide startup companies early-stage investment, along with ongoing support and advice, as they grow. "Since its inception, TiE has [...]

Federal Reserve Governor: Small business credit is loosening

Wednesday, July 14th, 2010

Small business lending is picking up, Federal Reserve Governor Elizabeth Duke told CNBC – giving entrepreneurs and small business owners the credit they need to start an LLC. She told the news provider that banks are slowly eliminating their collection problems, and are adding new loans as the economy recovers and business confidence continues to [...]

Church forms an LLC to help fund solar energy project

Tuesday, July 13th, 2010

Starting a company isn’t the only reason to form an LLC. A New Jersey church recently used a business incorporation to help fund the installation of solar panels on its roof, the Medford Central Record reports. After becoming interested in the idea, officials at St. Peter’s Episcopal Church got in touch with a parishioner who [...]

Choice between starting an LLC or C corporation depends on entrepreneurs’ future plans

Monday, July 12th, 2010

As they first start out, many entrepreneurs already know whether they will seek outside investment to expand or not. That factor is an important part of whether they would be best suited by forming an LLC or a C corporation, the Wisconsin Technology Network reports. For entrepreneurs who expect to rely on outside investment as [...]

Study: All net U.S. job growth comes from startups

Monday, July 12th, 2010

Small businesses may not each employ a huge number of workers, but when added together, they are believed to represent all of the country’s job growth – showing that the path to growth may lie in encouraging entrepreneurs to start an LLC or corporation. The results of a new study by the Ewing Marion Kauffman [...]

New York Governor unveils $50M small business loan fund

Friday, July 9th, 2010

Despite continued debate over its budget for next year, the state of New York has created a $50-million small business loan fund, which officials say will encourage entrepreneurs interested in forming a company and give existing companies funding to expand their operations. The loan fund will be open to any small business located in the [...]

Fed plans small business lending forum

Thursday, July 8th, 2010

The Federal Reserve is planning a forum for next week to discuss how to give entrepreneurs increased access to small business loans to help them start a corporation. Small business leaders, banks and trade organizations will be among the many groups present at the July 12 meeting. The Federal Reserve has also hosted a number [...]

Albany fund to contribute $3M in loans

Wednesday, July 7th, 2010

In a move intended to help increase funding available to small businesses, the Community Loan Fund of the Capital Region says it will make $3 million in funding available to Albany-area small businesses and nonprofit organizations, the Albany Business Review reports. The fund, which is a nonprofit corporation itself, works by pooling funds raised from [...]