Tips for Starting a Small Business

Being a small business owner is not for everybody. It takes risk, hard work, good decision-making, and luck. On the other hand, being a small business owner very much is for other – people who enjoy making decisions and want the ultimate responsibility to be theirs.

Business Legal Structure

When beginning a business, you must decide what form of business entity to establish. Your form of business determines which income tax return form you have to efile. The most common forms of business are the sole proprietorship, partnership, corporation, and S corporation. A Limited Liability Company (LLC) is a relatively new business structure allowed by state statute. Legal and tax considerations enter into selecting a business structure. The Company Corporation can help you decide which structure is right for you, as well as do the paperwork to set it up for you.

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Professional Business Image

One of the many things you will need to do when starting your small business is take some steps to give yourself a professional image. Being small is okay, but looking unprofessional, in the minds of may consumers, is not okay. Fortunately, there are a host of business-to-business companies which have sprung up in the last few years which make giving your business a very professional image affordable. From business cards to 800 phone service to websites, it is easier than ever to have a big business image with a small business budget.