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How to Incorporate Your Business the Right Way

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There are several specific legal requirements that you must meet to create a corporation and to maintain the legal status and benefits of your corporation. File the Right Papers The first step will be to select a name for your corporation. States require that each corporation has a unique name, so you will need to check with your state to be sure the name you want is available. If you intend to have a web site, it is also a good idea to check if the domain name is available before filing ...

How to Properly Transfer Assets From a Sole Proprietorship to an LLC

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Tax planning and asset protection are two of the factors that must be considered when you transfer any assets from your personal ownership to your LLC. A limited liability corporation, or LLC, is a separate legal entity and offers its owners some degree of personal financial protection. Many small businesses start as a sole proprietorship, and after attaining some degree of success, the owner changes the structure to an LLC to gain some tax benefits and asset protection. When switching the ...

Defining and Understanding What a Shelf Corporation Is

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You can use a shelf corporation to make your company look older. This can help in some cases, but there are no shortcuts to developing a solid credit history, and many small business experts advise against using this method. A shelf corporation is a shell company, which means that it is a legally established company, although it usually has no operating history. They are available to entrepreneurs who want to create a company that appears to have been founded at some earlier date, which could ...

The Questions to Ask When Starting a Small Business

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Business success can be elusive. It helps to focus on finding answers to the right questions when starting a business, rather than wasting time on low priority tasks. Use Free Resources First The US government runs an extremely helpful web site for small business owners. The Small Business Administration has sections on starting and managing a business, finding grants and loans you may qualify for, and locating resources in your local community that can provide assistance. A web page called ...

Three Great Tips for Making Your Office More Environmentally Friendly

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Green Is Good for Business Helping the environment is a hot topic these days, as well it should be. Not only is it a must for the future of our planet, but a new generation of consumers is demanding greater social responsibility and accountability from the businesses they’ll support. If you think going green is a costly, arduous process, or that the benefits aren’t worth the effort, think again. You’ll probably end up saving money in the long run and your customers will appreciate your ...

Manage Your Customers’ Impressions When They Search for Your Business Online

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Now, Where Did I Leave My Yellow Pages…? One of the persistent ironies of the digital age is that even though consumers are seeing more ads more often, they have more control than ever over the content they encounter. Think about it: When was the last time you picked up a Yellow Pages? How often do you read a print newspaper? Nowadays you can even even record television shows in order to fast forward through the commercials! Small businesses used to have direct, unfettered access to local ...

Promoting Your Business With a Giveaway or Sweepstakes

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Giveaways and sweepstakes can be effective tools in gaining new customers and rewarding already loyal customers — everyone is a winner! First, establish your prize and the date of the sweepstakes. Next, promote, and then countdown to your giveaway, reminding your users to participate (without spamming them). Using Facebook and Twitter A giveaway is also a great way to attract more Facebook and Twitter users to your social media pages. Simply require that users “like” your ...

Health Insurance Plans for Small Businesses

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While you are not required to provide your employees with health insurance, providing workers with health insurance will help you attract impressive candidates, and can earn their loyalty. Health insurance can be very expensive — but luckily, the new Affordable Care Act passed by Congress has made health insurance plans for small businesses more affordable. The Affordable Care Act allows employers to claim a tax credit for up to 35 percent of their health insurance premiums. Starting ...

What Should Go on Your Business Website

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A business website is an essential part of a small business strategy. Your website is an extension of your brand, and should attract new customers in addition to providing information for current customers. Do not let the creation of your website become an afterthought; take time to develop a functional and professional website that enhances your overall business image. What to Include Remember that the main objective of your business website is to provide information. Many users are only ...

5 Tips for an Effective Small Business Plan

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Before you apply for a business loan for your small business, you will need to craft an effective small business plan (sometimes also called a small business proposal).  Follow these 5 tips to help ensure that your plan will portray your company in the best possible way. 1. Look ahead to the future A small business plan should include projections for the next 3-5 years, outlining how your company plans to achieve, maintain, and grow revenues. In your marketing strategy section, explain how you ...