Monthly Archives: February 2010
Benihana’s shareholder meeting shows savvy of chain’s certificate of incorporation
Benihana, the business behind the nation’s largest chain of Japanese restaurants, will soon hold a meeting with shareholders to discuss whether the company will follow through on a proposed merger. In effect, the merger will increase the authorized number of shares of the company’s stock, reports the Wall Street Journal’s Market Watch.
401(k) funds make startup dreams come true
Entrepreneurs who have dreamed of starting their own companies may be interested in what seems to be a new trend in getting startup funds needed for business formation. According to a report from CIO Today, many entrepreneurs are starting to dip into their retirement savings to finance their startups.
New Hampshire business owners continue to fight LLC tax law changes
Limited liability company owners in New Hampshire are not taking last year’s tax expansion lightly. For months now, the LLC community has rallied against the tax laws; they are angry because the laws – not around when the entrepreneurs underwent business incorporation – takes away some of the advantages that led them to strategically incorporate [...]
Older entrepreneurs can still consider incorporation
Many think of business formation as a young entrepreneur’s game. Yet, according to a study from the Kauffman Foundation, Americans between the ages of 55 and 64 have had the highest rate of entrepreneurial activity for more than a decade.
Colorado Secretary of State says new business filings are on the rise
Entrepreneurs in Colorado have been steadily increasing their business pursuits, according to an assessment of the electronic filings in the state. Secretary of State Bernie Buescher says the number of new businesses formed in Colorado increases by six or seven percent each year, according to the Journal Advocate.
Top reasons entrepreneurs should incorporate a small business
Some entrepreneurs have reservations about incorporating their businesses. Incorporating a business means more responsibilities and it could add some tax burdens for businesses in the early stages of operation. Still, incorporations’ benefits outweigh its drawbacks, according to Entrepreneur magazine.
FEC fights back against Supreme Court
The Federal Election Commission recently entered the growing debate on the Supreme Court’s decision to give corporations the power to control campaign messages. Entrepreneurs with a political agenda who are considering business formation might be interested to learn that the FEC has proposed limits on communication between outside entities and political candidates.
S corporations might benefit from new carryback tax laws
Owners of all business types are likely not looking forward to the upcoming tax season. For companies hit by hard economic times, sending a big check off to the IRS can cut into operating funds. But it might be good news for S corporation owners that Congress has expanded loss carryback rules that might mean [...]
Unemployed entrepreneurs increasingly turn to business formation
While the corporate world continues to struggle, it seems many out of work Americans are finding their own solutions for success in the face of recession. According to Poder 360, the percentage of unemployed people who are taking on business formations has been steadily increasing over the past couple of years.
YRC Worldwide wins stockholders approval for new certificate of incorporation
Transportation service provider YRC Worldwide recently announced that its stockholders have approved an amended certificate of incorporation owners proposed. The amendments will increase the amount of shares of common stock, thereby reducing the value of each shareholder’s ownership of the company.
