Entrepreneurs might seriously consider business formation in the coming months. C corporations may not only soon help bring investors, but the entities also offer entrepreneurs medical expense deductions for workers.
Although the recession has not been declared officially over, it seems that the economy in Ohio is on the mend. According to a report for the Columbus Dispatch, the state is “growing a crop of new businesses.”
A study from the Bureau of Labor Statistics indicates sustained business formation rates will be critical to recovering the economy. Officials in Ohio are not taking any chances that their state will lag behind.
Funders in Minnesota say loan applications and the entrepreneurial enthusiasm in the northeastern part of the state have grown this year, reports the state’s news provider Home Town Focus. In order to encourage this rising business activity, the Arrowhead Growth Alliance is accepting submissions for its 6th Minnesota Cup competition.
According to the Silicon Valley Leadership Group, there was a 37 percent decline in venture capital investment in 2009. Startups looking to find funds this year might consider tips offered by venture capitalist Mark Suster.
While many people are waiting to see the impact of the new national healthcare plan on medical coverage, it’s already clear that the bill is giving some healthy tax credits to small businesses. Business formation rates may soon spike as entrepreneurs will likely want to take advantage of these credits.
Economists debate the extent to which the recession is over in the United States, but they seem to agree on one thing – small businesses will be key to recovery.
To capitalize on corporate tax breaks and take advantage of this tech-friendly moment, entrepreneurs might consider business incorporation to get their technological ventures off on the right foot.