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,...
Business Formation & Planning
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...
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...
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...
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...
You can learn from your job while founding a start-up
Of course building a start-up takes a lot of time, money and energy. Moreover, there is always the chance that a start-up may not succeed. And often, people believe they have to quit their jobs just to begin the process of developing a company. This belief may...
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...
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...
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...