For many entrepreneurs who are finding their businesses growing as the economy recovers, this might be a good time to consider incorporation. The Houston Chronicle offers some insight on incorporating a business to gain legal benefits.
A report from the Small Business Administration indicates that economic trying times often provide the best climate for new businesses to find success. Still, that doesn’t mean finding the funds to start new businesses is easy in the midst of recession.
In spite of the administration’s recent proposal to give $30 billion to community banks to offer startup loans, many entrepreneurs are reportedly finding it difficult to secure startup funds. The Clarion Ledger offers some advice about maintaining good credit to get loans.
For startup business owners, deciding when to incorporate and which business entity to form is an important step for growing a company. Two well-known forms of business are corporations and limited liability companies. The eCommerce Times offers some insight into the original purposes of these entities and how they remain viable ways to protect businesses.
For many people in New Orleans area, Hurricane Katrina flooded their houses and rendered them homeless. The state offers a homestead exemption for residents with new housing arrangements, but these benefits are mutually exclusive of the benefits that come with purchasing a home through a limited liability company, reports nola.com.
For Indiana-based entrepreneurs who have recently undergone or are considering business formation, there is a new web-based community that might help them find needed suppliers. Startup business owners in the state may find this tool makes it easy for Hoosiers to do business with Hoosiers.
The recent Supreme Court decisions to lift the ban on small businesses ability to participate in electoral campaigns has made many small business owners aware of the fact that they should do their homework on corporate laws.
As the economy is slowly recovering, it may be time for small business owners to start thinking about how to expand their enterprises. Suite101.com offer some tips for growth that might benefit all business types.