Business Quote of the Week: Andrew Carnegie

Tuesday, October 25th, 2011

“People who are unable to motivate themselves must be content with mediocrity, no matter how impressive their other talents.” – Andrew Carnegie

Steve Jobs R.I.P.

Friday, October 7th, 2011

Great post from Jason Calacanis:

1. Unrelenting attention to detail.

2. Impeccable taste.

3. Indefatigable passion.

4. Absolute conviction.

5. Unwavering vision.

6. Boundless curiosity.

7. Mercurial motivator.

One or two of these will help you make a living.

Three or four of these will make you successful.

Four of five of these will make you a legend.

Five or six of these will make you iconic for all time.

All seven will make you Steve Jobs.

Read the whole thing.

Recessions Create Millionaires

Friday, September 30th, 2011

“From 2012-2018, more new millionaires will be created than in the last 20 years. While the economy has most people paralyzed, the great ones are reloading, re-strategizing, and taping their creative power to dream up solutions to a host of brand new problems. While the middle class is job hunting, the world class is idea hunting. If you’ve ever dreamed of being rich, get excited and get busy. Your family fortune awaits you.”

-Steve Siebold

Small Business Can Save America

Tuesday, August 16th, 2011

Bad news is all around us and only seems to be getting worse each day. Our nation’s leaders are deadlocked about how to solve our problems while the president runs amok with promise and rhetoric that don’t translate to his ability. Unemployment is soaring and the deficit has reached the stratosphere. China is taking the lead as a global power while the USA falters…and our younger generations don’t seem to care that our nation is getting worse, not better.

In a great article from USA Today, a plan is proposed that it’s time for small business to come to America’s rescue—and it can be done. Just as it’s been done before. More than 20 million new jobs—many from startups that grew into billion dollar companies like Amazon.com and Starbucks—were created during the great boom of the Clinton administration. During Reagan’s presidency, great economic progress was fueled by the sentiment that small businesses and entrepreneurs could account for almost all of that growth.

It’s a fact that small business helps America. According to the Small Business Administration, an astonishing 99% of companies with payroll are small businesses—and those companies employ more than 50% of the working public and create an impressive 80% of new job growth.

Small business propels the country forward—and if our stubborn political leaders want to get our country moving again and reclaim our spot as the greatest nation on earth, they need to start putting forth the policies that help small businesses and entrepreneurs do their job. According to the World Entrepreneurship Forum, a global think tank dedicated to small business, some top methods for promoting entrepreneurship include:

  • Reform tax and regulatory environments so as to make it easier, faster, and less costly for entrepreneurs to set up enterprises.
  • Create entrepreneurship-friendly support institutions that provide technological knowledge, market information, business know-how, certification services, access to capital, and other essential business support.
  • Understand entrepreneurship by making it known that entrepreneurs are positive agents of social change, wealth creation, transparency, sustainability, and innovation.

If we had a comprehensive 21st Century Entrepreneurship Act it would include tax reform and regulatory ease. It would include immigration reform to woo the best and brightest entrepreneurs and engineers to our country. It would increase access to capital and help more startups actually start up.

Now Washington just needs to wake up and give small business a chance to save America. Write or call your congressperson and tell THEM to get to work!

How to File a DBA or Fictitious Business Name

Friday, August 5th, 2011

A DBA, also known as a sole proprietorship, “doing business as” or a Fictitious Business Name (FBN), is a business that is not separate from its owner and simply operates under a different name than the owner’s name. If your new business will be a sole proprietorship (or a partnership if your company has more than one owner), you will need to file a DBA so that you can “do business as” a name other than your personal name. You also need a DBA to open a bank account in your business name (so you can be paid with checks payable to your business name).

You will also need to file a DBA if your company is already set up as a corporation or an LLC and you want to do business under a different name. For example, if your company name is Platinum Consulting LLC and you also want to operate as Platinum Consultants, you will need to file a DBA. Please note that in this instance, a DBA is not a way to form a corporation or LLC for less money. You must complete the formation of your corporation or LLC before filing for the DBA if you want to operate under a different name.

Start the DBA filing process by choosing your fictitious business name. DBA’s are usually filed at the County Clerk’s office or at the state level, so you will need to know which applies to your location. Once you know who handles DBA filings in your area, you can usually perform a name search with that office. Then you will need to file the DBA paperwork to register your business name, pay the necessary filing fee and satisfy any additional requirements of your county or state before your DBA filing is complete. Many counties, for instance, require that you publish a newspaper announcement to notify the public of your intent to “do business as” another name.

Don’t get bogged down with trying to figure out the DBA requirements of your county or state (there are over 19,000 counties in the USA!). MyNewCompany.com offers a complete DBA filing service including name verification and step-by-step instructions for any after-formation requirements.

How to Incorporate a Business in the USA

Friday, July 29th, 2011

If you are located outside the United States and want to start a USA company, you can do so by satisfying a few basic requirements.

First you will need to decide which type of company (also known as an entity) will best suit your business needs. If you incorporate in the USA, you will be forming a Corporation. If you form an LLC, you will be forming a Limited Liability Company (LLC). Each entity has its advantages and there is no restriction on which country the owners are from or how many owners there are. However, your home country might have its own restrictions on which type of entity can operate in that country so you will need to check your local laws and possibly contact an attorney for more information.

Once you’ve decided whether to incorporate in the US or form an LLC, you will need to decide the state where you will start a USA company. You can choose any of the 50 states or Washington, D.C. The state you choose will depend on why you are starting the company. Some states like Delaware, Nevada and Wyoming are more “business-friendly” and “international-friendly” than other states, and if you are only starting a US company because you need to open a US bank account and will not have a physical office, you might want to choose one of these states. In fact, the banks in Delaware, Nevada and Wyoming are familiar with international clients who don’t have a local office and dealing with them will most likely be easiest. If you are opening a US office when you start a USA company, you might want to incorporate or form an LLC in the state where you will open an office or operate with a home-based employee. You can still form the company in another state like Delaware if you like, but please note that you will need to “re-register” the company in your state of operation and will have to pay additional fees – this is called a “foreign qualification” and we can handle this for you as well.

After you’ve decided to incorporate or form an LLC, and chosen the state where you will start the company, you will need to choose a company name and provide a registered agent. A registered agent must be a person or company that has a physical address in your state of formation, is available during business hours and agrees to accept and sign for official legal and state documents on behalf of your company. MyNewCompany.com can provide the registered agent in any state for $99/year. Please note that in addition to your registered agent name and address, some states will require you to provide the names and addresses of your company owners and any people involved with the company such as directors or shareholders. Also, it should be noted that a registered agent is not a mail forwarding service.

There might be some additional items you will need to complete before you can legally operate your company in the United States such as setting up a physical or virtual office and obtaining a Federal Tax ID, but completing these basic steps gets you started. By choosing to incorporate in the USA or form an LLC, you have added credibility to your company and can now put your services or products in front of US investors and the US market. These are just some of the reasons to start a USA company.

For more information, please view our resource page with step-by-step instructions: “How to Start a Company in the USA“.

Do Your Last Minute Taxes Online!

Wednesday, April 13th, 2011

Did you know that TurboTax now allows you to not only do your personal tax return, but they also do Single-member LLC’s, Multiple-member LLC’s, S-Corporations and C-Corporations?

Special – Save 15% off Incorporating or Forming an LLC!

Friday, April 8th, 2011

Incorporate or Form an LLC and save 15% NOW! LIMITED TIME ONLY.

To receive this discount:

  1. Place an order for a Corporation or an LLC.
  2. On the final step of checkout, click the “Offer Code” link, enter offer code 15NOW.
  3. Make sure to click “Apply” and 15% will automatically be deducted from your total.
  4. Submit your order.

IMPORTANT: the offer code must be applied before submitting an order and is not applicable to orders after they are submitted.

Business Quote on Entrepreneurship

Sunday, February 13th, 2011

“Entrepreneurship is living a few years of your life like most people won’t, so that you can spend the rest of your life like most people can’t.” – Unknown

Happy New Year and Motivational Post

Monday, January 3rd, 2011

Happy New Year everyone! Let’s make it a great 2011. This is, of course, our busy season but I ran across a good post that I wanted to quote for you here:

Every morning, we all wake up, and our houses may be worth less than the mortgages on them, and our 401(k)s may be worth less than our lunch, and our salaries or revenues or consulting bills may be down – maybe even down a lot – but we’re waking up in the U.S. of A., where every day is another chance to kick ass and take names.
Buck up, everyone, and go and achieve excellence.
It’s been a rough few years for most people in the USA, but hardly as bad as 90% of the people on planet Earth have it – most of them would gladly change places with you if you live in the USA. Always remember there is still plenty of opportunity in this great country. Never forget that each day is a new chance. 🙂