Entrepreneurs who are undergoing business formation might be interested in learning about those who will join their ranks thanks to a contest hosted by the Chamber of Commerce and Industry of Saint-Laurent. The competition will award startup funds to promising business plans.
When entrepreneurs mention they are considering business formation, many advise them there is less risk in purchasing a franchise. But a study by Tim Bates at Wayne State University indicates that independent business startups could be more profitable.
Benihana, the business behind the nation’s largest chain of Japanese restaurants, will soon hold a meeting with shareholders to discuss whether the company will follow through on a proposed merger. In effect, the merger will increase the authorized number of shares of the company’s stock, reports the Wall Street Journal’s Market Watch.
Entrepreneurs who have dreamed of starting their own companies may be interested in what seems to be a new trend in getting startup funds needed for business formation. According to a report from CIO Today, many entrepreneurs are starting to dip into their retirement savings to finance their startups.
Limited liability company owners in New Hampshire are not taking last year’s tax expansion lightly. For months now, the LLC community has rallied against the tax laws; they are angry because the laws – not around when the entrepreneurs underwent business incorporation – takes away some of the advantages that led them to strategically incorporate […]
Many think of business formation as a young entrepreneur’s game. Yet, according to a study from the Kauffman Foundation, Americans between the ages of 55 and 64 have had the highest rate of entrepreneurial activity for more than a decade.
Entrepreneurs in Colorado have been steadily increasing their business pursuits, according to an assessment of the electronic filings in the state. Secretary of State Bernie Buescher says the number of new businesses formed in Colorado increases by six or seven percent each year, according to the Journal Advocate.
Some entrepreneurs have reservations about incorporating their businesses. Incorporating a business means more responsibilities and it could add some tax burdens for businesses in the early stages of operation. Still, incorporations’ benefits outweigh its drawbacks, according to Entrepreneur magazine.