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    Hanif Hossain
    Jul 17

    The Best Internet Business Phone Number List

    in Welcome to the Forum

    These are all questions you need to think about. Should you Phone Number List self-finance or take out a loan? Self-financing is often recommended if you have Phone Number List enough money in the bank to float the business and your salary for a year or two. This option reduces the pressure. You don't want to get yourself into a debt situation. First Year Profits. Very few Phone Number List businesses make a profit their first year. It is incredibly important to not get discouraged if this is the case and continue to soldier on. Generally, it takes two to three years for profits to kick in.


    COMPANY NAME Make sure you create a company name Phone Number List that you like and represents the "look & feel" of the business. Avoid using your name, leave that to the law and accounting firms! Sometimes it makes you look small. You always want to make yourself look larger than you are. Lastly, consider a name that begins with an "A" to appear Phone Number List high on lists. Next, you will need to form a corporation. You can't just start selling stuff! A good best practice is to get a book and read about the different kinds of corporations. You really need to Phone Number List understand how this works if you are running a business. You will need an EIN (Employer Identification Number).



    Then you will need to decide what Phone Number List kind of corporation you want to form. There are C corporations, which is an Inc. company. You may have Phone Number List heard the term "Cannot pierce the company veil." That means if you start a C corporation, no one can sue you personally. They have to sue the corporation. Additionally, you file taxes Phone Number List separate from your personal taxes. This is a great option because it allows you to keep your personal and business affairs separate. For S corporations,

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