Why your Personal Credit Score is Crucial for your Business

Find the answer in this recent article in the New York Enterprise Report:  "It’s not Personal, it’s Business."  The article also describes the differences between your personal credit and your business credit and why maintaining both in good standing is crucial. **This post is for informational purposes only and does not constitute legal...

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Business Entity Overview

CCH has a good overview over the business entities available to the business owner.  Be mindful, though, that choice of entity is influenced by your state laws.  For example, the overview states that corporations are usually cheaper to form than LLCs.  This is not true in New York. Usual price tag for forming a limited liability company in New York (City): $1300, excluding legal...

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Must Read for hungry Startup Entrepreneurs: How not to Hand out Equity

Learn how a young startup died an early unnecessary death due to a faulty capital structure in "A Fatal Paper Cut." Great post, but IMHO, bad title.  Had I not found it through Ask The VC, I would have never read the post based on the title.

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Don’t sweat your B Plan

Don’t think you are doomed to failure, if you neglect to craft the perfect business plan.  Apparently, appearance and credibility is more important than a business plan, as reported by this research report: "The researchers also found that whether or not an entrepreneur had created a business plan for their start-up venture had no bearing on the success of that venture. Newberg...

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Why Independent Contractors are Gold for Small Business

1.  Tax and Payroll Savings Compared to employees, independent contractors save small businesses a lot of hassle, taxes, and paperwork.  A small business does not have to do payroll for independent contractors; it does not have to pay social security and Medicare taxes, unemployment taxes or provide workers compensation and disability insurance.  These taxes and insurances really...

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Startupping

Check out Startupping, the new "one-of-a-kind community resource created for Internet entrepreneurs by Internet entrepreneurs. It is a place to share information, ask questions, and tap into the experience of others who have built and are building web businesses. Read blog posts about startup issues, participate in our discussion forums, and view our wiki resources, including sample term...

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