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Business Formation & Planning Archives

Business valuation useful in business planning

At one time or another, each Ohio business owner will begin to wonder exactly how much his or her business is worth. There are a variety of reasons that this thought process will come about, including formulating answers to shareholder questions, purchasing or selling parts of the business or equipment, possible retirement or even estate planning. Having a good understanding of the value of the business is often necessary for your business planning purposes.

Equity investor may be business planning and financing answer

For some Ohio businesses, traditional financing options are not available or for some reason not that attractive. Perhaps an ongoing business wants to expand; however, they do not want to go through all of the banking red tape for a traditional business loan. Or, perhaps a new business venture is forming and traditional financing is not readily available. In some cases, the use of equity investors as a part of the business planning and financing process is the best option.

Many things to consider in business planning process

Starting a new business can be an exciting time for Ohio entrepreneurs. Along with the excitement, however, comes the planning, financing and responsibilities that go along with such ventures. There are many things to keep in mind during the business planning process.

What should I include in my business plan?

If you're thinking of starting a business, drawing up a business plan is one of the most important steps you can take. A good business plan will lay out your goals, identify obstacles and help bring focus to your marketing. It's also an essential tool to bring to investors because it shows them the bird's eye view of your plans.

Ohio business formation can be challenging but rewarding

The decision to start one's own business can be exciting and a little daunting. There are many questions to answer and decisions to make. However, people in Ohio can take comfort in the fact that 48 percent of those people working in the private sector are employed at small businesses. Those who are ready to take the bold step into business formation have a lot to consider.

A good business plan can perform myriad functions

If you are in the initial stages of starting a new business, you may be feeling a little overwhelmed about the journey that lay ahead. While this period is filled with excitement and anticipation, getting organized is now a priority. To this end, it is high time you start crafting your business plan.

Approach potential business partnerships with deliberate care

Forming a partnership, be it limited or general, with another party can do a great deal to expand your business opportunities. But you need to examine every aspect of a potential partnership extremely carefully. And when it comes to formalizing your partnership, you want to create a contract that clearly states each party's responsibilities and obligations.

What is the difference between an asset and stock purchase?

Starting a business is a huge decision. If business has been good to you, you may be thinking about acquiring another existing one. Before moving forward, you must first decide whether you are going to choose to purchase the business's stock or its assets. While this decision is best made with the help of an attorney, it wouldn't hurt for you to understand the pros and cons of both types of acquisition.

Should you convert from a C corp to an S corp?

Many S corporations benefit from the numerous and significant tax advantages these entities are given. These tax benefits make converting from a C corporation to an S corporation an attractive option for many business owners. Unfortunately, there are numerous other tax issues that should be assessed before any conversion is made.

What are the pros and cons of filing as a Sub-S corporation?

Nothing can be more intimidating than tax time to those who own their own business. Any misstep could be to your detriment, both financially and legally. Classifications of your business and the elections you choose are not to be taken lightly and can have a significant impact on your business' longevity. So what is a subchapter S election and is it the right choice for your business? Let's explore this.

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