The first-ever national arts index revealed that funder commitment to the arts is declining in tough economic times. In light of the inconstancy of donor funds in recession, this might be a prime moment for artists to bank on their talents through business formation.
Entrepreneurs who are considering business formation might be focused on which state they should incorporate their businesses in, but regardless of where they operate they should remember that today’s economy calls for catering to a global market.
Many business owners will attest to the fact that corporate tax breaks are one of the most beneficial aspects of incorporation. Now, entrepreneurs considering business formation might be interested to learn that 2010 will bring new tax savings for small companies.
Entrepreneurs considering business incorporation likely know that corporate tax savings are a major benefit of business formation. Still, it might be intimidating to consider all of the necessary tax filings that come with a corporate entity.
In an increasingly digital world, it’s relatively simple for business owners to conduct their work from home. Entrepreneurs no longer need to have an office for their operations before undergoing business formation.
The Small Business Administration reports that entrepreneurs are the leaders in driving economic recovery with small businesses creating 64 percent of net new jobs over the past 15 years.
Small businesses across the nation are expected to be the leaders in economic recovery, with SMBs producing 64 percent of net new jobs over the past 15 years. Now, a report from the Patriot Ledger indicates that entrepreneurs in Massachusetts might soon find special incentives for business formation to boost the state economy.
Congress recently announced a plan to raise taxes on high-income individuals, returning the top two marginal tax rates (currently 33 percent and 35 percent, respectively) to their pre-2001 levels of 36 percent and 39.6 percent starting in 2011.