Now that you’ve decided to start a new business or buy an existing one, you need to consider the form of ownership that’s right for you. Basically, three separate categories of legal entities exist: partnerships, corporations, and limited liability companies. Each category has its own advantages, disadvantages, and special rules. It is also possible to operate your business as a sole proprietorship without organizing as a separate business entity.
Learn a New Skill to Meet Your Personal Challenge
Install Hardwood Floors: Personal Gain or Self-Employment. Hardwood floors look great anywhere in your home. The cost of installing hardwood floors includes the wood flooring, the labor for installation and other materials and supplies. For example, if you want to install 500 square feet of hardwood floors, the cost of the installation would approximate: Hardwood…
Self-Employment: An Alternative for Caregivers
Many Baby Boomers find themselves suddenly tasked with caring for an aging parent or loved one. Caregiving demands time that once went into full-time work or even a second job that provided much-needed income. If you find yourself in this situation, you may be lucky enough to have an employer who will allow you to…
Start a New Career You’ll Love at Any Age
Are you ready to start a new career but afraid to wade into the job market at middle age, or even near retirement age? Freelancing, consulting or starting your own business could be the perfect way to launch the career of your dreams at any age. This flexible work is also a great way for…
Do You Have the Right Personality to be a Successful Entrepreneur?
You have two smart people: one turns out extremely successful in business and the other is an ultimate failure. So what’s the difference between the two? And what are the qualities of a successful entrepreneur? A Wanna-be-Entrepreneur I remember a wanna-be entrepreneur I met years ago. His name was Sam. Sam believed he had a…