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Business Formation Archives

Seek guidance when choosing a structure for your business

Consider the following scenario: You have been working on a new Ohio business for some time. You have researched many different aspects of your business from making sure you have customers to choosing the right location for your office. You feel ready to put your plan into place until you discover that you have to decide how to structure your new enterprise.

What are some incentives for starting your own business?

You know all about the personal incentives for starting your own business. You get to be your own boss. You get to set your own hours. You get to do something that you love. As the business grows, you really set yourself up for the type of success that you could never find if you were working for someone else.

There are many pros to setting up a limited liability company

One of the most difficult things to do as a business owner is to make a decision as to what type of entity you want to incorporate as. Setting up a limited liability company (LLC) is the go-to choice for many entrepreneurs. They appreciate how easy it is to set one up, how it provides them with built-in liability protection and the tax benefits it affords.

How do internal versus external corporate structures differ?

As your Cincinnati company grows larger, it's easy for its leadership to lose track in managing all of its obligations. That's why it's important for there to be a corporate governance structure to be in place to help you manage internal and external aspects of your Ohio business.

New business filings are poised to set record in 2018

Ohio's economy suffered through the last decade, as the period known as the Great Recession took hold of the assets and investments of working-class Americans. The rate of foreclosures on homes and layoffs in different industries left many Buckeyes less able to maintain their independence.

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