This Question is Possibly Answered

1 "correct" answer available (5 pts) 3 "helpful" answers available (4 pts)
1 2 Previous Next
Post a new topic
Click to view CorpCons08's profile Mogul CorpCons08 1,128 posts since
Nov 14, 2007
15. Re: Small Business Development Guide Dec 14, 2007 3:09 PM
in response to: LUCKIEST
Good point LUCKIEST.
Please tell us what fees you are referring to.

CC08
Click to view moogrdotcom's profile Mogul moogrdotcom 82 posts since
Dec 16, 2007
16. Re: Small Business Development Guide Dec 16, 2007 9:39 PM
Dont' fear the c-corp though. You can open a "simple" private c-corp for the same price as any other corp in most states. This seems to make them appear dangerous & scary :)
Click to view dszyszka's profile Professional dszyszka 9 posts since
Oct 10, 2007
17. Re: Small Business Development Guide Dec 16, 2007 9:48 PM
in response to: moogrdotcom
I mostly fear the c-corp for its double taxation. If you want a Corp why not an S-Corp?

--fees I was just mentioning that most of the items I was suggesting had a cost.
Click to view moogrdotcom's profile Mogul moogrdotcom 82 posts since
Dec 16, 2007
18. Re: Small Business Development Guide Dec 16, 2007 10:02 PM
in response to: dszyszka

Double taxation is a risk but not as much so for small businesses. You can pay out (up to reasonable amount as stated by the irs) all profit as salary while your small.
Click to view heavenly91321's profile Mogul heavenly91321 25 posts since
Feb 6, 2008
19. Re: Small Business Development Guide Feb 7, 2008 3:28 PM
You are ABSOLUTELY right about the Chamber of Commerce. Especially in today's world, people will turn to their local government for assistance in choosing the companies they do business with. I have been an entrepreneur for over 20 years, and EVERY city I have lived in I joined the CofC immediately and made PHENOMENAL contacts and my business grew because of those contacts. Good for you!
Click to view typistave's profile Professional typistave 4 posts since
Feb 9, 2008
20. Re: Small Business Development Guide Feb 9, 2008 4:46 PM
in response to: heavenly91321
Your small business development guide is great, and there are a few things that I agree with you on. Yet, it seems that most of your steps are backed by your own experience, and that seems to be that you had ample resources to start your business. Of course, congrats to you, but in writing a Small Business Development Guide, I think you should be able to target more than just those with the money and resources to spend on your steps. Furthermore, and I think it was mentioned earlier, your steps may not speak to the small business builders and owners who aren't following your business model.

Joined associations such as your local Chamber of Commerce and the Better Business Bureau are good ideas in thoery, but the benefits can only outweigh the costs to a certain extent, which is further limited by the type of business that you want to start and the way that you are going about doing it. For me and many small business owners that I know and work with, joining these antiquated associations would be a waste of money that they could be using somewhere else.

Also, following all of these "clean steps" that you talk about, such as business plans, and incorporation, can be useful in certain situations. However, many small businesses are looking to start up right away, and while I've written a few business plans myself, I have found that they only serve as a way to procrastinate from actually starting the business.

Maybe your friend has the resources and ability to squander money and time on the things that you mention here, but it seems that your business guide is only targeting those who have a million dollars to start off with, which is rarely ever the case. I think that you should approach your guide in a way that would speak to a wider audience.
Click to view autismNCSP's profile Start-up autismNCSP 2 posts since
Nov 12, 2008
21. Re: Small Business Development Guide Nov 12, 2008 10:56 PM
this was so helpful. thank you so much for your thoughts and guidance.

autismNCSP
1 2 Previous Next

Most Recent Forum Posts

Legend

  • Open Question
  • Answered Question
  • New content since your last visit
  • Updated content since your last visit
  • Content you have read