The American economy may be on the mend, but New York assemblyman Jonathan Bing worries that the Empire State might be far away from recovery. Bing told Crain’s New York Business that lower taxes will be needed to spur business formation and hiring for New York entrepreneurs.
The extent to which the economic climate influences business formation rates is quickly becoming a hotly debated issue in the startup world.
For entrepreneurs considering business formation, the strategic location of a small business can be just as important as other elements of the company itself. The New Jersey state department enthusiastically invites entrepreneurs to incorporate their businesses in the Garden State.
Incorporating a small business may seem like a necessary step that entrepreneurs want to get done fast, but this process should not be taken lightly. A recent case study explored in Entrepreneur magazine demonstrates the value of smart business formation. One entrepreneur – Marie – recently contacted Entrepreneur magazine’s affiliated lawyer, Nina Kaufman, to close […]
Research shows that cognitive conflicts – debates about what to do and why – have helped some young companies flourish. Yet, many entrepreneurs fall into the trap of thinking that conflicts will weaken their new business.
Entrepreneurs who are considering business formation are probably well aware of the existence of big companies that could be their competitors or potential acquirers – often called incumbents. But these major corporations don’t have to stop new businesses before they start.
The Internal Revenue Service’s recently issued regulations on the tax preparation industry could offer entrepreneurs protection against unscrupulous tax professionals in many states, but the requirements are nothing new for California tax preparers.
Deciding on the perfect name for a startup business is an important step. But why risk taking time to carefully pick a strong name for a target market only to find it is already in use?