Starting Your Own Business

Legal Information
17 Resource(s) Found

Business Plan Basics

A business plan precisely defines your business, identifies your goals, and serves as your firm's resume. The basic components include a current and pro forma balance sheet, an income statement, and a cash flow analysis. It helps you allocate resources properly, handle unforeseen complications, and make good business decisions. Because it provides specific and organized information about your company and how you will repay borrowed money, a good business plan is a crucial part of any loan application. Additionally, it informs sales personnel, suppliers, and others about your operations and goals.

Buying and Using Software

Software is a bunch of magnetic "ones and zeros," or electronic signals, that takes your thousands of dollars worth of plastic, metal and glass—your personal computer, or hardware—and animates it into something that lets you "fly" an airplane, balance your checkbook or manage your small business. Most personal computers sold today come with a "bundle" of software pre-loaded onto the computer, including basic financial, word processing, communications and entertainment software.

Buying Franchises and Business Opportunities (A Consumer Guide)

This web site contains information for people planning to start up their own businesses, or purchase a franchise in another business. The web site includes information about scams to sell businesses, marketing scams, rights to trade names, and other consumer issues.

Computer Security

If you listen to the news, you've probably heard about hackers and viruses. But unless your computer has been targeted by one, you may not know how they could affect you. If your computer is attacked by a hacker or virus, you could lose important personal information or software stored on your hard drive. You also could lose valuable time while you try to repair the damage. Without your knowledge, your computer could even be used to attack other computers, including those that protect our national security.

Establishing a Nonprofit Organization

The Learning Lab of the Foundation Center has introduced a free online tutorial on "Establishing a Nonprofit Organization." Learn all about board development, bylaws, tax exemption, staff recruitment, and fundraising for newly established nonprofit organizations. With links to online toolkits and important, basic tax forms, this could be a place to start if you are in the process of creating a local nonprofit organization. You'll learn how to select individuals to serve on your board of directors and you'll find convenient links to the federal government forms that you'll need to establish your organization as a nonprofit. You'll also find out how to set up appropriate bylaws for running your organization as well as gain access to valuable tips for recruiting and managing staff and developing your fundraising program.

If You Are Self-Employed

Most people who pay into Social Security work for an employer. Their employer deducts Social Security taxes from their paycheck, matches that contribution and sends taxes to the Internal Revenue Service (IRS) and reports wages to Social Security. But self-employed people must report their earnings and pay their taxes directly to IRS.

Incorporating a Business

Lawline FAQ: A corporation is a distinct legal entity created by certain specific procedures of South Carolina Law, including registering the corporation in the office of the Secretary of State. Because it is a distinct entity, a corporation is treated differently from other types of business.

Setting Up an Unincorporated Business

Lawline FAQ: The simplest form of a business is a sole proprietorship. In a sole proprietorship, you dedicate a portion of your money to business use, but do not form a new legal entity. You simply use your money and run your business. No written document is necessary to form a sole proprietorship, but a tax identification number, certain city or county business licenses, and types of insurance, such as worker's compensation insurance, may be required.

10 Steps to Starting a Business

Starting a business can be an exciting venture offering many rewards. However, you must be prepared and you must understand the basics.

The Facts about the Microloan Program for Entrepreneurs

The Microloan Program combines the resources and experience of the U.S. Small Business Administration with those of locally based nonprofit organizations to provide small loans and technical assistance to small businesses. Under the Microloan Program, the SBA makes funds available to qualified nonprofit organizations, which act as intermediary lenders. The intermediaries use these funds to make loans of up to $35,000 to new and existing small businesses. The intermediaries also provide management and technical assistance to help ensure success.

The Law and Your Business

Business law is a huge subject. This section provides guidance for people thinking about starting a business. This web site includes information on: (1) Securing Capital, (2) State-Local Laws That Affect New Businesses, (3) Home-Based Businesses, and (4) Tax Law for Businesses.

Buying Franchises and Business Opportunities (A Consumer Guide)

This web site contains information for people planning to start up their own businesses, or purchase a franchise in another business. The web site includes information about scams to sell businesses, marketing scams, rights to trade names, and other consumer issues.

If You Are Self-Employed

Most people who pay into Social Security work for an employer. Their employer deducts Social Security taxes from their paycheck, matches that contribution and sends taxes to the Internal Revenue Service (IRS) and reports wages to Social Security. But self-employed people must report their earnings and pay their taxes directly to IRS.

Establishing a Nonprofit Organization

The Learning Lab of the Foundation Center has introduced a free online tutorial on "Establishing a Nonprofit Organization." Learn all about board development, bylaws, tax exemption, staff recruitment, and fundraising for newly established nonprofit organizations. With links to online toolkits and important, basic tax forms, this could be a place to start if you are in the process of creating a local nonprofit organization. You'll learn how to select individuals to serve on your board of directors and you'll find convenient links to the federal government forms that you'll need to establish your organization as a nonprofit. You'll also find out how to set up appropriate bylaws for running your organization as well as gain access to valuable tips for recruiting and managing staff and developing your fundraising program.

Business Plan Basics

A business plan precisely defines your business, identifies your goals, and serves as your firm's resume. The basic components include a current and pro forma balance sheet, an income statement, and a cash flow analysis. It helps you allocate resources properly, handle unforeseen complications, and make good business decisions. Because it provides specific and organized information about your company and how you will repay borrowed money, a good business plan is a crucial part of any loan application. Additionally, it informs sales personnel, suppliers, and others about your operations and goals.

Buying and Using Software

Software is a bunch of magnetic "ones and zeros," or electronic signals, that takes your thousands of dollars worth of plastic, metal and glass—your personal computer, or hardware—and animates it into something that lets you "fly" an airplane, balance your checkbook or manage your small business. Most personal computers sold today come with a "bundle" of software pre-loaded onto the computer, including basic financial, word processing, communications and entertainment software.

10 Steps to Starting a Business

Starting a business can be an exciting venture offering many rewards. However, you must be prepared and you must understand the basics.

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