Posted by Cheryl Isaac in Start-ups on March 30th, 2010
First, you start dreaming about the business you want to start. You can’t concentrate at work. You can’t help thinking about it when you’re out with friends. You start working towards your goal of business ownership. Now you have the business, but the dream is to work full-time in the business. You still have the side gig–the job. Every time something goes wrong at work, you think, “I don’t have to work for you, I can do my own thing!”
You somehow manage to leave the full-time job. The dream still continues…You want to work towards the office space. You want the first employee. You want to lessen the burden on your shoulders.
Even if you manage to do that, you still have dreams. You want to offer a new service to your clients–which means more money. You want to do things in a different way–more money. Read the rest of this entry »
Posted by Cheryl Isaac in Business Information, Start-up Legal Corner on March 24th, 2010
A Different Business Club Members, as the formal launch of the business club draws near I plan on bringing you some even better content. This one is from one the attorney who helps my private planning clients; the same one who will be on our Ask-The-Expert calls.
Kendall Isaac is a small business attorney who handles employment matters and start-up issues for small businesses. He is also an entrepreneur and owner of The Isaac Firm.
After reading this guide, you will learn tips and tricks to keep your small business out of legal trouble. And if you hire independent contractors or outsourcers, learn how to decrease your liability by reading this article.
Read Below To Learn about 10 Ways you Could be Keeping Your Small Business in Court:
Posted by Cheryl Isaac in Start-ups on March 10th, 2010
Last week I did an entrepreneurial poll on FaceBook for you guys (particularly the aspiring entrepreneurs of the club) The question asked was, “What was the ‘thing’ that made you finally take the leap to business ownership?”
I decided to do this poll because I had gotten a couple of website inquiries and phone calls about taking the first step in business. Well, this is an ask-away-don’t-feel-dumb-or-insecure-club that was founded so that dreamers realize that entrepreneurship is not rocket science . So since I don’t pretend to know all the answers (in fact I’ve created a business out of searching high and low to get answers for people) I reached out to some entrepreneurs and friends. Read the rest of this entry »
Posted by Cheryl Isaac in Business Planning, Start-ups on March 4th, 2010
Since my agency processes non-profit start-up paperwork, I usually get a lot of questions regarding non-profit entities. Most times, people are confused about what is needed to get exempt status from the IRS. Some people are not even aware that there are additional steps to take in order to get tax exempt status.
Well, let’s start with the basics: What is tax exempt status? Tax exempt status simply means that you do not have to pay taxes to the federal government. Sounds crazy right? Well, there’s a catch. In exchange for not being taxed, you give up control to the government. Meaning, you don’t really own a non-profit, you run it. And your board (which the IRS requires you have) helps you run it.
Why start a non-profit business? You have an idea to help a community, serve a greater good, or help the disadvantaged. Most times you may be doing something educational or providing some economic benefit. You are only concerned with being able to maintain payroll for yourself and your employees. You don’t want to put aside profits for yourself and you don’t want to have stocks or shares. In fact, you probably have another for-profit business you run.
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