All business types, from sole proprietorships to corporations, will face increased paperwork in 2012 due to new healthcare legislation, but Greg Jones writes in the Washington Post that a little extra record keeping could improve finances for many small businesses.
Part of business incorporation requires adhering to legal requirements, including registering any different names that business might be conducted under.
Business incorporation with the goal of doing business in different states can use a foreign qualification service that registers the corporation in the new state to assure legal protection.
The number of small business owners in Southern California looking to the U.S. Small Business Administration for help financing their new business formation is on the rise.
With startup capital increasingly hard to acquire, many entrepreneurs are looking to incubators to help reduce costs as they create a corporation, reports Bloomberg.
Founders of new business types that receive capital to create a corporation tend to be between the ages of 35 to 44, though venture capital firms appear to evenly distribute funds to entrepreneurs with either undergraduate or graduate degrees.
Working to create a corporation and run it successfully takes a number of very different skills, including financial management, marketing and technology savvy. But sometimes, as Associated Press columnist Joyce Rosenberg writes, a small business owner needs to be able to ask for help.
Getting outside investment is an important step for many companies as they try to grow. But as Business Insider’s Roger Ehrenberg notes, not every investor – regardless of the size of their wallet – is a good fit for every company.