Q: What are limited liability companies (“LLCs”), and what should businesses know
A: LLCs are a new type of business entity that emerged in the early 1990s. They have many important legal and tax characteristics, but the key ones are these:
Liability shield. LLCs provide their owners (called “members”) with a statutory liability shield that is essentially identical to the corporate shield.
I’ve recently taken my business plan for a new and innovative consumer product to several banks seeking funding, but have had no success. What are some other financing options that might be available to me?
Review the 15 key areas of the Business Check list before your start your business.
This paper will outline ways to stay ahead on your business accounting and financial paperwork. These simple weekly steps will save you major at tax preparation time as well as providing useful ongoing operational financial information to guide your business decisions.
My partner and I have been running our laser engraving business ourselves for the past two years. We’ve reached the point now where we’re both completely maxed out, so we’re considering hiring at least one employee. Where do we start Read more.....
Running my commercial printing business is more than a full-time job, and I often feel like I’m out of touch with what’s happening outside the business. How can I keep current on business- and industry-related developments in an efficient manner? Read more.....
With its friendly atmosphere and large array of goods, Blazing Needles in Sugar House is typically filled with customers. And thanks to the help of SCORE, a nonprofit association that for years has paired small businesses with mentors, the knitting shop’s clientele may increase even more.
Owner Cynthia Mills has been working with Ron Baron, an experienced business executive who’s providing guidance on how to grow her enterprise. After just one meeting, his input already has made a difference, according to Mills.
Marta Mazur, a native of Gdynia, Poland, moved to the United States in 1981 and previously lived on the East Coast, where there are "tons of little ethnic stores, especially the Polish delis, and I missed that when I moved to the Youngstown area," she said. Mazur now lives, appropriately enough, in Poland, the Valley suburb -- and after driving long distances to purchase authentic Polish products, she decided to open her own deli.
When I began my civil engineering firm three years ago, I wrote a business plan to guide our growth. We’ve been somewhat successful to date, but the marketplace and a lot of our initial assumptions have changed, so it’s time to update our plan. Any tips you can offer? Read more.....
This document details the requirements for forming a not-for-profit organization in Connecticut.
STARTING A SMALL BUSINESS IN CONNECTICUT
FORMING A NOT-FOR-PROFIT ORGANIZATION
Forming a not-for-profit organization is allowed under Section 501 (c) of the Internal Revenue code and must follow some strict guidelines. There are two general categories of not-for-profits: