When you start a business, you are the leader and ultimately responsible for all the decisions in your company. This creates concerns that transcend matters relating to finance, technology, sales, or employees. But there’s no reason for the burden of leadership to inhibit the performance of your new operation.
When you create a corporation as the successor to your proprietorship business, there are many steps in the transition. One of the important changes is that you become an employee of the corporation. You’re responsible for managing the business as a separate entity.
With startup capital increasingly hard to acquire, many entrepreneurs are looking to incubators to help reduce costs as they create a corporation, reports Bloomberg.
Working to create a corporation and run it successfully takes a number of very different skills, including financial management, marketing and technology savvy. But sometimes, as Associated Press columnist Joyce Rosenberg writes, a small business owner needs to be able to ask for help.
Female entrepreneurs have long heard that it was difficult to be both a woman and a small business owner. But San Jose Mercury News columnist Mike Cassidy says that things are now much better than they used to be.
There’s good news for those working to create a corporation in Virginia. A new study by Pollina Corporate Real Estate has ranked the state as the most pro-business in the country.
For a small business owner, one of the biggest expenses after working to create a corporation is the rent for the company – which leads many to consider buying a property outright. But Inc. magazine contributor John Warrillow says that buying real estate can be an unnecessary distraction.
Whenever an entrepreneur starts his or her own business, there is a certain amount of risk involved. But as Entrepreneur magazine contributor Karin Price Mueller writes, working to create a corporation for that small business can protect its owner and his or her assets should anything happen.