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.
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.
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.
Americans increasingly love to go green with energy efficient lighting and eco-friendly recycling practices. For a time, it seemed entrepreneurs would also be well-advised to go green as clean-tech startup companies were a favorite among venture capitalists, making it easy to find startup funds.
According to a report from the Kauffman Foundation, many college students are increasingly interested in entrepreneurial pursuits. In fact, a number of universities are boosting their business training programs to accommodate this growing interest.