Through their SCORE sponsorship, The Company Corporation brings entrepreneurs a variety of tools to help you through your path to entrepreneurship. Review the resources provided in this How to Really Start Your Own Business toolkit to make a smart start and ensure your success.

 


Why New Businesses Should Incorporate or Form an LLC

After developing your idea of what product or service that your business will offer,  a critical next step is to decide on how you will structure your business.
 
Join SCORE and John Meyer from The Company Corporation to learn more about this critical next step.
 
Discussions topics will include:
  • Benefits of incorporating?
  • What is an LLC? Why has it become such a popular entity?
  • Differences between forming a corporation (C-corp or S-Corp) and an LLC
  • Preparation of Articles of Incorporation
  • Tax implications of each business format
  • Business structure for your company
  • Compliance issues


 



How to Really Start Your Own Business

Join the Company Corporation and SCORE as they present “How to Really Start Your Own Business.” Experts from SCORE will share starting success secrets, including focusing your business idea and where to look for small business financing.

With help from The Company Corporation and SCORE you are on your way to small business success. In this workbook you’ll find topics ranging from testing your business idea to creating a plan, structuring your company, and building a successful team.  Use the tips and tactics from the reading to increase your knowledge of cash control, financial management, funding a business, building business credit, and many other vital topics for new entrepreneurs. 

Small businesses are the backbone of our country’s economic growth. It is our goal to make sure you always have the tools to succeed. 
 
 

 

Forming a business in the United States can be a confusing and stressful process, unless you’re prepared and you’ve got a good idea of what you need to do. The Company Corporation, with SCORE, has come up with an easy to use guide that helps you navigate the ten steps needed to form your own small business.


 


Starting a New Life as an Entrepreneur

In its recent study, The Entrepreneur Next Door, the Kauffman Foundation indicates that entrepreneurship is as widespread in the United States as getting married or having a baby.  More than 10 million U.S. adults are actively engaged in creating businesses, often with a friend or colleague. With lay-offs and corporate downsizing filling the news, no wonder sources as mainstream as USA Today and MSN are recommending entrepreneurship as the new corporate lifestyle. Find out if incorporating is right for you in this article brought to you by SCORE and Karen J. Lange from The Company Corporation®


 


Understanding the Stock Structure of Your Corporation

Forming a corporation is a great way for entrepreneurs and small business owners to protect their personal and family assets from the risks of doing business. No matter how large or small the business venture, all corporations have stock—even those that are privately owned. While stock structure and par value of stock shares may sound complicated at first, these helpful tips should help make forming your corporation a breeze.


 



What is a Registered Agent and Do I Need One?

Business owners choose to incorporate or form a Limited Liability Company (LLC) to help protect personal assets from business liabilities and to provide tax-deductible benefits for employees and owners. Both of these useful structures for small businesses and entrepreneurs are formed via an official state filing. As a state-recognized business entity, there are several legal and tax documents that your company will receive each year from the state.
 
Most jurisdictions require corporations and LLCs to designate and maintain a Registered Agent to receive and forward such documents on behalf of your company. Failure to maintain a Registered Agent can result in loss of corporate or LLC status. Equally important—if a responsible party is not available to receive service of process at all times, then your company could be unaware of a legal claim and a judgment may be entered against you. It is not a good idea for businesses to serve as their own Registered Agent. Rather, the safest route is to select a reliable third party such as a service company. Using a service company as Registered Agent provides peace-of-mind for busy business owners.
 

 
The Limited Liability Company (LLC) is now a recognized business structure in all 50 states plus the District of Columbia. LLCs are gaining popularity with small business owners because they combine the advantages of a corporation with the tax advantages and management flexibility of a partnership.
 
The main similarities between LLCs and corporations are:
  • both are legal entities created by a state filing
  • both help protect your personal assets from your business liabilities
  • both have few ownership restrictions