Here are the steps and links to forming a new (for-profit) business. We strongly advise you contact an advisor (an accountant or lawyer) to help you with the decisions and implementation. Decide on your legal structure – Corporation? LLC? Partnership? Decide on your tax structure – S Corporation? LLC taxed as a partnership? As a
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Small businesses are a lot like countries; they both need ambassadors. Did you think you’re too small for that? Not so fast. Even if business is booming why wouldn’t you want people looking out for you and spreading the word? After all, that’s what ambassadors do and if you don’t already have them it’s not so
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Being creative. This is my favorite state of mind, and probably one of the bigger reasons I have my own business. As a creative person working for myself, I’ve experienced more than a few moments when stuff gets… chaotic. Can you relate? “I’m an entrepreneur, I’m wearing many hats!” “I’m sleeping less than a
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Q: “Why did the State revoke my charter? #$???!! –Cursed in Cranston (Rhode Island) A: Incorporation and organization (the rough equivalent of incorporation for LLC’s) are established under the auspices of state government. As such, your entities must generally file reports and pay fees, usually annually and to the Secretary of (your) State, to remain in “good
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