The wrong office environment may doom a company with a great idea. Successful deployment of a new corporation is more likely with the right physical surroundings. Angel investors realize this. So attracting capital usually hinges upon having an office that conveys the right image.
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.
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.