Incorporation is important for your business; it ensures limited liability of shareholders and ensures that personal assets cannot be seized to repay debts. Retirement plans, such as the 401k, are more easily set up with a corporation. It has become much easier to incorporate your business today, and the process involves just three basic steps.
Strategic Alliances are formal relationships between two or more parties for the objective of pursuing an agreed upon set of goals or meeting critical needs of business. Partners in a strategic alliance may provide resources like distribution channels, products, manufacturing capabilities and intellectual property and business expertise.
Essentials Of A Shareholder Agreement If your business is a corporation that issues shares, then you need to have a shareholder’s agreement, for everyone’s protection.
According to the available statistics, about 50% of all alliances created in the United States fail due to a number of reasons. Listed below are some of the personal qualities that a business owner and alliance partner should ideally possess:
Some states, such as Delaware and Nevada, offer special tax incentives for companies that register there. However, most of the incentives are offered to big businesses and those for small businesses are often too small to make much difference.
Partnering really highlights the differences between people! I want to create a business plan to determine viability and costs and my partner wants to incorporate the business.
There is a certain amount of serendipity in business relationships: sometimes the right one comes along at the right time and the right partnership is built to provide the right products or services to the right customers. Here’s how to build a little serendipity into your business for potential partnership success.
Partnering combines the strengths of two or more people into a business, often allowing that business to thrive because the whole is greater than the sum of its parts. But partnerships are not perfect. If you are thinking about starting a business, here are some things you’ll want to think about before partnering.
If you are still in the planning stages of starting a business, you will need to figure out what the best business structure is for you. There are advantages and disadvantages to each. In this article we’ll look at the major types and talk about why one or another may be right for you.
A business is not like your lawn-mower. You don’t go out and pull the cord to start it up. It’s more like your lawn: it needs to be watered and fed and nurtured if you want it to grow. That takes passion and dedication. In this article, we’re talking about how you can choose the best business for you.