Monthly Archives: March 2010
LLC: More than a Prestigious Suffix
When entrepreneurs consider business formation, LLC is usually one the of the most common structures chosen. Adding the suffix to a business name comes with a level of prestige that can win investors’ and clients’ trust. But this entity has a lot more to offer entrepreneurs. BusinessInsider.com reports that filing an LLC for a business [...]
Incorporate and benefit from the corporate veil
In tough economic times, many Americans closely monitor where their dollars go. The environment lends itself to lawsuits when people feel they are not getting their money’s worth. This might inspire businesses to go above and beyond in order to satisfy clients who trust them with limited funds. It might also inspire them to undergo [...]
Many entrepreneurs choose to incorporate in Nevada
Business owners might be inspired to undergo business formation in light of the recent Small Business and Infrastructure Jobs Tax Act that promises to bring new tax benefits to startups. With this in mind, the Small Business Survival Guide suggests entrepreneurs get familiar with Nevada. According to a recent report from the online forum, Nevada [...]
Top tax trends small businesses should follow in 2010
As the end of 2009 tax season approaches, there are some new economic trends that might have an impact on businesses’ bottom lines in the coming year. One small business resource center offers some insight on trends that entrepreneurs might look out for in 2010. To start, the source suggests that the IRS will be [...]
Business formation boosts job formation
A recent study from the Kauffman Foundation showed that the nation’s top-performing, young businesses create 40 percent of new jobs in the U.S. in any given year. In light of this, Dane Stangler, author of High Growth Firms and the Future of the American Economy spoke with BusinessWeek about how entrepreneurs might benefit from these [...]
S corporations: Tax benefits for small business
In light of the recently passed Small Business and Infrastructure Jobs Tax Act – which offers new tax credits to small businesses with the hopes of promoting job generation – entrepreneurs may consider business incorporation to maximize their tax savings. Perhaps an S corporation would be the best choice for this.
Connecticut Secretary of State reminds business owners of benefits of incorporating in the Constitution state
Many future business owners know picking the location of a company is an important part of the planning process. Different regions boast unique markets that make an area more or less amenable to various products and services. Moreover, each state has different tax benefits and corporate laws to which companies will be subjected. The Connecticut [...]
Corporate Annual Reports Due in Mississippi
The Secretary of State announced that Corporate Annual Reports can be filed starting January 1st of each calendar year. This year, corporate Annual Reports must be filed on or before April 15, 2010.
Business planning essential first step to business formation
Entrepreneurs considering business formation might benefit from a tip offered by Entrepreneur magazine: plan. According to the source, improper planning is one of the leading causes of startup failures.
Incorporation may help small businesses find finances
Even in light of recent announcements that the government will allocate $30 billion to banks to make loans to small businesses, entrepreneurs are reportedly struggling to find startup funds. One business consulting company offers some tips for businesses to gain loans in trying times.
