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The main benefit of becoming incorporated is the limited liability status that incorporation affords the company’s owners. Personal liability of the owners is restricted to their capital invested. The primary disadvantages of incorporation are double taxation and the additional burden of statutory controls and record keeping. This article further discusses the advantages and disadvantages of becoming a corporate entity. Sounds easy, well it is. First, get to know who your investors are going to be. If you are looking for a small business loan you are most probably going to borrow the money from a bank. A bank will look at you and your business and ascertain if it is a sound investment. They examine your risk potential and make a verdict on whether or not to move forward with approving your loan request.

Starting a Small Business

 

In setting up a business, one of the most important decisions you have to make is to choose the type of business structure you will have such as Sole Proprietorship, Partnership, Limited Liability Company or Corporation. The type of business structure is an important determinant on how your business will operate and for taxation purposes. LLC’s or a Limited Liability Company is a type of entity that you are able to register in various states. LLC’s are created for many different reasons, but most importantly tax benefits. This article discusses why you may need to become an LLC and how to register to become a Limited Liability Company.

How to Register to become a Limited Liability Company

 

Women Owned Business Certification

In the world of business, women are considered to be a minority regardless of their race. Many government contracts and business arrangements require that a minimum percentage of business transactions be handled using minority owned businesses. For this reason, getting a business certified as woman-owned can be advantageous and open up new markets for goods and services.

How to become a Women Owned Business

 



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