For the many entrepreneurs considering business formation this year, it might be wise to remember that an uncle who is in business might not be your strongest co-founder. According to Business Insider, a weak founding team is one of the leading causes of failure for new companies.
A recent study from the Kauffman foundation reveals that small business formation rates remain steady even in times of economic downturn, but this study says nothing about the success rates of small businesses in trying times.
For entrepreneurs who are thinking of incorporating their small businesses, the different requirements for starting different corporations can be tricky to navigate.
The New York state department is concerned over the lingering statewide unemployment rates. A new initiative to boost job creation could mean entrepreneurs considering business formation will save before they start through tax credits for every new job created.
For many Americans, news of economic recovery is tempered by predictions on how long it will take for the recession to officially end. But for the people of Cape Girardeau in south east Missouri, the business formation rates bring nothing but bright news.
Recent technological developments – particularly the recent release of the iPad – make evident that the evolving digital world offers business owners countless opportunities to develop their small businesses. For entrepreneurs considering business formation, the new technology might also inspire innovative business plans.
Arkansas Secretary of State Charlie Daniels announces that 2010 Franchise Tax forms are available for filing online.
Before applying for a 501(c)(3), service organizations might want to consider the limitations set on how registered nonprofits can do business.