Hi ,
To incorporate or not to incorporate, that truly is the question.
Every business owner starts out with the prime objective to make money. If they didn’t they would not stay in business very long. So let’s look at the different choices of entity formation options and see if you made the right choice. First according to the U.S. Census Bureau (2010), there are more than 27.7 million businesses in theUnited States. 21.7 million businesses have no employees. But, should they create a formal business structure? The answer is, yes. Why?
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Five Tips for Asking Friends and Family for Funding
Sure, securing seed money for your startup is important, but so is preserving the relationships of those closest to you. Here's how to do both.
Friends and family remain the best shot that many entrepreneurs have to raise outside money to launch a business.
In 2010, 5% ofU.S.adults polled said they had provided funding to someone starting a business in the past three years, according to a survey by the Global Entrepreneurship Monitor, a research consortium which includesBabsonCollege. Of those respondents, 32% said the funding went to a friend or neighbor, 26% to a close family member, 11% to some other relative and 8% to a work colleague.
While preserving important personal relationships with people who fund your business can be a daunting prospect, clearly some entrepreneurs have figured it out. If you're thinking about asking friends and family for seed money, here are five tips for doing it right.
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