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Step Six Obtain Financing For Your Small Business

10 Steps to Starting A Business

Some businesses may not need financing. The investment of the owners may suffice. There are entities and programs that are devoted to helping small businesses. Everyone has heard of the Small Business Administration. The SBA does not make loans directly to small businesses but does help to educate and [...]

Job Recruiters Always Look At Applicants'Social Media--It Pays To Be CircumspectJob Recruiters Always Look At Applicants’Social Media–It Pays To Be Circumspect

A recent survey commissioned by Microsoft found that 70 percent of recruiters and hiring managers in the United States have rejected an applicant based on information they found online.  A recent story on CNN described various efforts students were making to scrub their social media footprints such as changing the spellings of their Facebook names and making their privacy settings [...]

Step Five Find The Right Location Consider Incentive ZonesStep Five Find The Right Location Consider Incentive Zones

10 Steps to Starting A Business

The Department of City Planning provides a web based geographical information system that allows users to retrieve comprehensive property information from across the city of Los Angeles. You should put in the time to research your neighborhoods if it is appropriate. Think about accessibility and cost.

When you are [...]

Supreme Court Discusses Employee Privacy Rights In the Quon CaseThe Supreme Court Discusses Employee Privacy Rights In the Quon Case

The United States Supreme Court has determined that an employer may review  its employee’s text messages. In City of Ontario,California v. Quon the court held that a public employer’s examination of an employee’s personal text messages on a government-issued pager did not violate the Fourth Amendment. Justice Kennedy’s opinion for the Court remarked that a review of [...]

May A Non-Officer Sign A Contract Binding An S Corporation?May A Non-Officer Sign A Contract Binding An S Corporation?

 Yes.  A non-officer may contract on behalf of a S corporation,or a c corporation;the corporate bylaws should reflect who is authorized to contract on behalf of the corporation;if it does not the directors can vote to amend the bylaws.  Often such authority is limited to one or two officers.  

C and S corporations [...]

Step Four Register Your BusinessStep Four Register Your Business

10 Steps to Starting A Business

Most new businesses require tax and employer identification documents. You can obtain these documents from the Internal Revenue Service and the Franchise Tax Board. You will also need to obtain the necessary forms to register your business in the City of Los Angeles. (Most cities in southern California require [...]

Step Three Evaluate Liability and Purchase InsuranceStep Three Evaluate Liability And Purchase Insurance

10 Steps to Starting A Business

            Whatever type of business entity you chose it makes good business sense to evaluate your potential liability and to purchase insurance to cover it.  You may wish to contact your health or life insurance broker for information or referral to a business insurance specialist.  You will also require [...]

Step Two Choose A Business StructureStep Two Choose A Business Structure

10 Steps to Starting A Business

Give some consideration to the business structure.  The new business should balance the hassles involved with a particular entity with the benefits. 

SOLE PROPRIETORSHIPS

For many new businesses the best initial ownership structure is either a sole proprietorship or if more then one owner is involved a partnership. A sole [...]

10 Steps To Starting A Business In Los Angeles10 Steps To Starting A Business In Los Angeles-Step One

Step One:Create A Business Plan

The first step in starting a business is creating a plan. If you fail to plan you plan to fail. A business plan is a formal statement of a set of business goals,  and the plan for reaching those goals. It should also contain background information about the organization or team [...]