Posts by Melissa Clark

Fictitious business name renewal companies could be a scam

Entrepreneurs forming an LLC and using a fictitious business name should watch out for disreputable companies offering to renew a business name filing for excessive fees. A Victorville, California, business owner thought twice before sending in the $125 fee to an official-looking company that threatened his LLCstatus would expire, reported the Victorville Daily Press. The California attorney general […]

Incorporating an LLC can save money on taxes

Entrepreneurs can avoid double taxation and lower their tax rates through incorporation, especially by forming an S corporation from their existing LLC or C corporation. Many LLC members pay a self employment tax that can be reduced to a lower payroll tax by forming an S corporation and allocating a small portion of profits for personal salaries, according to Wayne […]

File an LLC to find big benefits for a small business

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 of an […]

Entrepreneurs take note: Tax trends for 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 predict […]

Minority-owned businesses on the rise

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 […]

Transitioning from employee to entrepreneur

Leaving a job at a large corporation to start an LLC can be a scary decision. But many have found greater happiness by running their own businesses. Pamela Slim, author of Escape From Cubicle Nation: From Corporate Prisoner to Thriving Entrepreneur, offers advice on how to make the transition. In an interview with Entrepreneur magazine, Slim encourages […]