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TwitterSmall business owners understand the costs of a runaway legal system. They have experienced, or fear that they will experience, a frivolous, costly lawsuit that damages or even sinks their business.However, lawsuit costs affect small businesses, their employees and the economy in other ways as well. For example, there is the matter of health care costs. Again, small business owners understand the high costs of health care coverage.
How to Register a New Business
January 27th, 2012 How to form a business – corporation or LLC
To form a business with the right legal paperwork for city and state, as well as enable your business to accept money through credit cards, there are basically three options.
Pay a lawyer – Spend a couple thousand dollars for a lawyer to file the paperwork, with the cost depending on the scope and nature of your business
File online with a company who wants to help you for a fee – expect to pay around $300 in addition to the state and city fees as they guide you through the process
File yourself through the Secretary of State and Department of Revenue
How to file a business yourself with state authorities
The state is generally not very good at making it clear and easy how to start your own business.
Government Grants For Small Business …. Myths And Facts
January 27th, 2012 Following is from a rather insightful exchange between Alan Beckley and Joseph Graben in response to a question from John Madigan at Linked-In.com.There seem to be several on-line services that promise to help you find and secure government grants for small business. Most appear to be less than legitimate. (Actually all of them are … read on).So, just what is myth and what is fact when it comes to government grants for small businesses?To the best of my knowledge, outside of grants awarded under the federal Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs there are no federal “grants” aimed at small businesses.
When Your Credit Line Is Pulled
January 26th, 2012 Think you still have that line of credit? You may want to check. Banks have yanked them away with few exceptions and little apology. Those in seasonal businesses where a credit line carried their business into the next cycle are particularly to vulnerable this lack of access to capital. If you use a bank credit card the same way, make sure you don’t miss a payment or you are facing a Tony Soprano-like hike in your interest rate.Here is an article posted by Sam Thacker on the Dun & Bradstreet web site AllBusiness.com. Sam provides some good advice in case you wake up and find you line of credit has disappeared.Read the story here.
Variable Rate Business Loans UK
January 26th, 2012 Variable rate loans are very popular in the fraternity of business organizations. No sort of business is free from the gamble of risky affairs. In order to draw huge profits, the business organizations have to get involved in risk oriented schemes in some way or the other. Similar scenario is available with the presence of seeking variable rate business loans. However, first of all, let’s discuss the phenomenon of variable rate business loans.
Creating and Preserving Value In Your Business
January 25th, 2012 Most entrepreneurs are so dedicated to the worthy purpose of making money that they have little or no time to spend on creating and preserving value for their business. You must find the time because…
First, to exit the business in style, you will need cash. That source of cash is the business. To determine the amount of cash you will receive, we must know the value of the business.
The Pros and Cons of Different Approaches to Funding
January 25th, 2012 There are many different sources of funding for companies. We look at the pros and cons of the various funding options available to businesses.
Venture capital
Venture capital is typically used by companies when they need an alternative to public markets and banks. Venture capitalists provide cash investment in return for company shares, which then gives them an active participation in running the company they have invested in.
Business Principles: What You Need to Know
January 25th, 2012 Creating a successful business relies on a few basic business principles, so before you start trying to become the next big success make sure that you are familiar with the following things.
Individuality
Everyone gets bored of seeing the same old thing and while imitation is said to be the sincerest form of flattery it is not particularly successful within business. Having the same format repeated over and over again will only breed customer resentment and boredom, limiting your business’ success and potential.
