The LLC (Limited Liability Company) is a popular asset protection vehicle for small business owners, entrepreneurs, and real estate investors. It essentially forms a wall that shields individual owners from personal liability. In addition to this personal liability protection, the LLC can also offer tax advantages and other benefits.
Know your personlity type, identify your best (and worst) traits, then decide on what type of business to start.
The economy is difficult, the jobs numbers aren’t improving, and the stock market is pretty shaky at best. But in these tough times, people are doing some incredibly remarkable things. They’re showing just how determined, creative, and courageous human beings can be. And if I can help these individuals get the ball rolling on their ideas and make their dreams come true, I can’t imagine anything better...AND that's why I love what I do each and every day and I live by the mantra of "Do what you Love and Love What you Do each and every day because you ONLY live once!!!!!
Patents, copyrights, and trademarks, as well as know-how or trade secrets, are often collectively referred to as intellectual property. Many firms possess intellectual property without even being aware of it, or of the need to take measures to protect it. If you have formulas or processes that are specific to your business, you should take the steps to protect them. Where would Coke and Pepsi be if they hadn’t taken steps to patent their secret formulas, trademark their logos, and copyright their advertising slogans? It’s important to realize that simply having intellectual property is not enough to ensure success. Securing a patent for your product won’t guarantee that it will be embraced by consumers. Before you spend thousands of dollars to obtain exclusive rights to your invention, do the research to make sure that it’s something the market actually wants.
Incorporating a business or forming an LLC is a relatively quick and painless process. However, while it may seem straightforward, there are some common mistakes that business owners make that can have a significant impact on their business as discussed in this blog post.
You don’t need an attorney to form a corporation, LLC or File a DBA
By seeing fellow small businesses as partners and not competitors, small business owners can harness the power of the collective to attract customers, seek inspiration and help their overall bottom line. Collaboration is the new competition, at least when it comes to building a small business.
The perks of starting your own small business and being self employed and succeeding at it.
As a business owner, the day will come when you inevitably will have to address the legal aspects of your business – and the sooner the better. And, fortunately, the process can be relatively painless and hassle-free. I talk to countless small business owners and freelancers who consider themselves too small to worry about incorporation. After all, you don't have mazes of cubicles…you may not even have any employees. However, incorporation can still be a smart idea even for the self-employed graphic designer or wedding planner and in this post we discuss the benefits of incorporating your small business.
Many small businesses consider themselves 'too small' to worry about incorporation. However, whetherowever, you're a self-employed social media consultant or a landscaper, incorporating or forming an LLC (Limited Liability Company) must be on the top of your business strat-up checklist so you can protect your personal assets against liability and save on taxes!