I just found a great article on FoxBusiness.com that helps explain why you may or may not want to consider different types of business structures. This is definately worth a read. Go to: http://smallbusiness.foxbusiness.com/entrepreneurs/2011/03/11/pros-cons-sole-proprietorship/
After reading this article, we would love to help you file your company. Remember, we are the top rated website (by Customers) for Business Incorporation and LLC Formation.
New business incorporations and LLC formations are continuing at a record pace, even as the jobs market seems to be recovering, so what’s going on? Well, even though hundreds of thousands of jobs are being added back into the economy each month, they simply aren’t the kind of jobs we had before the Great Recession. Studies are showing that the new jobs pay less and are offering fewer hours. Here is a sampling of what I mean:
As we review the numbers of unemployed vs. employed Americans over the next few months (the traditional way to measure a return to normalcy following a recession) it may be worth digging deeper to see what the quality of those jobs is. Are people finding similar employment opportunities and pay to what they lost when the economy went south? So far, the numbers look grim and this is driving record numbers towards self employment and entrepreneurial opportunities, leaving new business incorporation and LLC formation starts at a 15 year high.
These days, having a website for your business is not optional. More and more potential customers go to the web to research every decision and purchase they intend to make and your success may very well rely on how customers perceive you online. The online world can be a tremendous stream of opportunity for your company, but it can also be extremely daunting. Costs for professional websites run thousands of dollars and large corporations can often pay in the millions for their sites, but great results can come from very small expenditures.
Your business is on a budget (or should be), so what can you do for the least amount of money and is it worth it? For many small businesses, their website has become the new business card. It tells customers who they are, what they do, and offers a price. This type of website can be done easily for well under $500. Here is a short list of how I would do it:
At this point, your expense is still very low…probably less than $100, but the next step may have a more significant cost. Now you need to edit the platform you selected so it looks like you want and add your content. The going rate to have a local web developer do this is usually around $300 to $400. Going that route will easily have you at the $500 price tag I promised, or you can do it yourself…maybe for free. YouTube can be a great source to learn how to do some or all of the work yourself. Additionally, you may be able to learn all you need to know from the platform website. They offer pretty easy to understand guides that may get you through this step. If you have decided to accept payment over your website, consider PayPal. This can be integrated to your site for just a few dollars and may be an acceptable alternative to having a regular merchant account.
While this process never stops, this should get you on your way to developing a web presence you can be proud of and that will drive customers to your business! Good luck!
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The difficult economy has certainly changed the way Americans view jobs. Those who have them are hanging onto them dearly and those who don’t are turning away from traditional corporate jobs in favor of starting their own businesses. New start-ups and business incorporations are reported at a 15 year high which is boosting hiring in some studies, but the results may depend on what group you talk to.
Here are some fast facts:
So what does this mean? “It certainly appears that the recession and its resulting high unemployment are driving the majority of this trend” said Scott Weddle, Manager of an online business filing firm. “Our customers are largely driven out of necessity. They simply can’t find employment in many cases.” Businesses started out of desperation don’t typically drive hiring growth. Instead, these new business owners tend to stay self-employed and hire few, if any, employees.
Small business as a whole, however, is continuing to improve. This sector of the economy lost around 2.7 million jobs since last March, but has added around 100,000 in each of the last three months. While I wouldn’t call that a recovery, I would be willing to call it a start.