Many people dream of going out on their own and starting a business. However, before you head down that road, there are some things to consider. While the thought of owning your own business is appealing, it can also be very risky if you do not plan everything carefully. The concept of planning…
Proper business funding/capitalization are an issue to all small businesses at all stages of the business cycle. Those businesses that are organized as corporations and LLC’s are required by the state granting the business charter to be adequately capitalized. The challenge here is there is really no clear definition of adequate capitalization. The purpose of…
Your individual state will register your legal business entity, and it’s important to understand that not all states recognize every business entity type. The descriptions below are meant to give you a basic understanding of the differences between entities, but you should check with your local government to see which type of business designation is…
