Filing Services

Just like every new year, we expect this January through March of 2010 to be busy. For tax reasons, many people delay their filing until the new year which creates a large backlog for each state’s filing office. Further exacerbating the problem this year is the fact many states have cut back staff – some states have even furloughed employees to meet budget deficits.

Because of this, we always recommend our “Rush Filing” option during this time if you are in any kind of a hurry to get your paperwork filed. Note that we do not keep any of the “Rush Filing” fees ourselves – they simply cover overnight and/or hand-delivery fees as well as any state-level expedite fees.

Thanks and don’t hesitate to contact us if you have any questions.

Entrepreneur.com has an Article Posted detailing one young entrepreneur’s journey from the financial sector to starting his own sports marketing firm:

I feel it’s essential that you are able to marry your work and what you love. This passion will ignite the minds of your potential clients and connections. Your business has to be a reflection of what you are already willing to pour countless hours into. Your passion and enthusiasm for your business has to connect to your why, be a part of your own experience, and is ultimately what will make you successful.

The article also includes summaries of the creation of Facebook and YouTube and encouraging words for those with an entrepreneurial spirit who haven’t yet made the jump to starting their own venture.

The concept of starting your own business can be intimidating but it’s not as difficult as many people think. Once you have come up with a Business Idea and drawn up a Business Plan you’re ready to Start Your Company! MyNewCompany.com also has a Resource Center with tons of useful information!

Forbes has an article posted on How to Bounce Back From Failure:

Anyone who claims to have built something of lasting value–be it a business, personal relationship or a body of critical knowledge–without suffering serious pain and disappointment is either a liar or dangerously naïve. At some point on your journey, you will stumble and fall.

As the article mentions only 45% of startups make it to their 4th anniversary. In today’s troubled economic climate the challenges faced by new businesses are even greater. What separates successful entrepreneurs from the crowd is not a lack of failures, but the resiliency to pick themselves up and try again when things don’t go as planned.

Of course, when starting a new venture it is always worthwhile to do everything you can to increase your odds of success. Two great ways to do this are by adopting a properly written Business Plan and Automating Your Business. Franchises have a much, much higher success rate than general business startups, so Automating your Business to make it run like a franchise will give you an advantage over other companies that have not taken this crucial step.

If you enjoy our blog posts just visit our Free Tools & Resources page to follow us on social media or subscribe to our free monthly newsletter!

BusinessWeek has an Article Posted on who is responsible for settling an LLC’s debts after a Dissolution:

Creditors of a valid LLC can collect only from the assets of the company, not personal assets or wages, and garnishments cannot be used against wages unless a money judgment has been awarded in court.

However, this is contingent on the LLC having been properly maintained:

Unfortunately, it’s also possible that you took some action while your company was in business that removed the protection of your LLC, such as signing a personal guarantee with the landlord or mingling personal and company funds.

Fortunately for MyNewCompany.com clients, our LLC Formation Packages include access to the “New LLC Handbook”, which tells you everything you need to know about running your LLC properly so that you can maintain your Liability Protection.

Small Business Trends has an Article by Tim Berry on the lessons learned after 22 years of bootstrapping:

Last week a group of students interviewed me, as part of a class project, looking for secrets and keys to success. They were asking me because after 22 years of bootstrapping, my wife Vange and I own a business that has 45 employees now, multimillion dollar sales, market leadership in its segment, no outside investors, and no debt. And a second generation is running it now.

Bootstrapping (self-funding your startup) is just one method of Finding the Money to start your new venture. Of course, it always helpful to have a good Business Plan before looking for funding.