It’s a not so bright and early Monday morning and after a relaxing weekend at home, you’re dreading the fact that very soon, you’ll get in to your car and head to work. It’s not a job you particularly like and given the opportunity to run your own business, you’re sure you could do a […]
Times have changed and that’s a good thing for the budding entrepreneurs of the world. In the past, starting a business often involved leasing retail space, purchasing expensive equipment and hoping that your idea would take off in to a profitable venture but no longer does it have to be that way.
Being an entrepreneur is easy–or at least that’s what some people would like to believe as they’re working each day in a job that they wish they had more passion for. The truth is that a lot of people are unhappy in their current career and they dream of starting their business.
The dream of opening your business startup can easily be shattered if you’re not careful. Within the first year, three out of every ten new businesses will close their doors. Within five years, fifty percent, or five out of every 10 businesses will go from dream to nightmare but it’s not a game of chance.
If your business is now open or you are planning to open it soon, you have to form an LLC. Even if your businesses doors are virtual or you think your business is so simple in structure that a formal business designation isn’t necessary, experts will tell you that you’re incorrect.
Not many years ago, starting a business took a lot of time, money, and other resources in order to get it off the ground. Becoming an entrepreneur had a barrier to entry that many low or middle class people couldn’t get through because of their limited financial resources.
If becoming an entrepreneur is one of your New Year’s resolutions for 2012, you may not know where to start. It never hurts to go back to the basics so let’s take a look at the steps you should take as you go from a dream to having a business you can call your own. […]
You don’t want to mess with the IRS. That’s the bottom line especially if you’re planning to form an LLC. Although the IRS has a favorable view of small business owners, their generosity has an end and if you don’t know where the line is you may open your mailbox and find an audit notice. […]