Creating a fresh and friendly work environment not only makes the work day more enjoyable, but it can also stimulate productivity. Adding a little personality to any office space can make a world of difference on how your business appears to both employees and customers.
If you've created a formal business structure for your business, then you know you've taken a big step toward protecting your personal assets and setting the foundation for your business. But you might be wondering what's next.
While many startups consider themselves too small for incorporation, this couldn't be further from the truth. Here are three methods to consider when incorporating your business:
For the small business owner, there's typically little separation between business and personal. You bring your work home (or you may even work from home). You've probably invested your own money in the business, or skipped a pay check or two to keep the business going.
Starting a business involves a great deal of filling out and filing the appropriate paperwork to get up and running. A lot of it is fun to work on—picking a business name, logo, color scheme and location—but there's also plenty of legal work that new small business owners need to think about.
A leader has so many special qualities that it's inspirational when you work with them. They possess an invisible aura that radiates confidence and challenges everyone around them to achieve greater heights than they would have ever dared to try before.
The last thing a small business owner needs is problems with a government agency. There are three kinds of rules and regulations that businesses must follow.
Something big has been happening in the world of business, and that something goes by the name of the benefit corporation. Recently, Delaware became the 19th state to enact benefit corporation legislation.
I've built five companies in my startup career, four of which I started with close friends. It's quite common to build a company with a close friend: you get together, think of a cool idea, and decide to get started. Why not, right?
Ask why you need a formal business structure when you start a business and the answers are usually straightforward. For some, it's a need to separate personal assets from the business; for others, it's a desire to lower overall taxes or be viewed as a more credible business.