Small Business Startup News
Startup Advice For Small Businesses
Written by Jenna Weiner
February is National Start a Business month, and entrerpeneurs at LegalZoom offer start ups some tips.
It may be surprising news for entrepreneurs that February is National Start a Business Month. For those who are considering taking the jump into the startup world, the founders of LegalZoom - an online legal document company - recently shared some secrets for success that entrepreneurs should know before they undergo business formation.
To start, LegalZoom experts say entrepreneurs should learn about the incorporation process. By knowing what to expect, future business owners will be able to make informed decisions every step of the way.
Part of understanding the incorporation process involves knowing what types of businesses can be formed and which ones will best suit a company's needs. Understanding the difference between an LLC and an S corporation will help entrepreneurs know the kind of tax advantages they could benefit from down the road.
Another tip from LegalZoom is for future SMB owners to protect their ideas with patents, copyrights, and trademarks. In order to maintain a competitive edge, entrepreneurs should protect their intellectual property.
These tips might come in handy for a good number of entrepreneurs - this month and throughout the year. According to a recent study from the Kauffman Foundation, startup business rates in the U.S. remain fairly constant, even in economically trying times.
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