One of the decisions you need to make when you start a small business is how your business will be structured. For some, it's an easy decision, particularly when the business will be a sole proprietorship or a partnership. But for other business owners who are deciding between a limited liability company (LLC) and various forms of incorporation, the decision can be much more difficult.
If you are considering forming a corporation, there are a number of pros and cons you should explore before making your decision. The feature articles below will tell you what you need to know.
Feature Articles:
- 6 Benefits of Incorporating Your Small Business
- 6 Disadvantages of Incorporating Your Small Business
If you've decided that incorporation is the right decision for your business, use this guide to small business incorporation to get the process going.
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There are many factors that go into the decision of whether or not to start a business. Some people know what they should do right away; some take years to figure out if starting a business is the right move for them.
There are hundreds of small business words and phrases that are important for all small business owners -- new and seasoned -- to know and understand. I have started to create a small business glossary on this site that will serve as an introduction to and reminder of the most important small business terms.
I'm a big fan of step-by-step tutorials that teach you how to do something in a straightforward and easy-to-follow way. How to's are one of the most efficient ways to learn something new and apply it immediately.