There are hundreds of important decisions that go into starting a successful business. While having a great idea and a reasonable amount of funding are crucial, picking the right name for a business is more important than some may think.
Uber’s model of classifying drivers as contractors has been a leading story in the ongoing discussion of how to classify an employee. The 9th U.S. Circuit Court of Appeals in San Francisco s decision and compels arbitration in three lawsuits. The appeals court vote was 3-0.
There are two recent books on startups (“The Fixer” and “Regulatory Hacking”) that each addresses the frequently overlooked importance of integrating regulatory strategies into the plan for starting a business. While each has a different perspective, the New York Times Business Section sees real merit in anticipating regulation.
The Internal Revenue Service provided new guidelines for how companies can change their accounting and business structure. The Tax Cuts and Jobs Act has now reduced the top tax rate of C corporations from 35 to 21 percent. According to accounting experts, the new law also gives pass-through (and start-up friendly) entities such as S corporations a 20 percent tax deduction on business income, although there are certain limitations, including its expiration in 2025 unless Congress extends it.
An increasing number of employers are introducing special benefits to attract and retain staff. Pet-friendly work environments have been commonplace at start-ups and tech companies, and now other companies are looking at pet-based leave.
Parents ideally love their children and will do nearly anything to help them out. This can lead to problems, however, if your child has announced that he or she wants to buy a food truck or launch a tech start-up that focuses on video games. Nevertheless, just as many businesses have started in the garage, there have been many successful businesses funded by parents, including Amazon, GoPro and Chipotle.
Renting apartments does not have the zing of a tech start-up that created the next virtual reality breakthrough, but the rental market has heated up recently in cities like Atlanta where limited rental stock has driven the rent prices ever upwards. This has left some business people to wonder if it is time to go into the real estate rental business.
We usually only hear about startups that are successful. When a startup manages to take off, business media love to point to a success story about a small business that made it big. But entrepreneurs who see the behind-the-scenes struggle of running a business know that not every startup is a success.
One of the most difficult parts of getting a small business off the ground is finding adequate funding. Ambitious entrepreneurs look for funding from multiple sources, like business loans, family and friends and even crowdfunding. But there is one particular source of funding that every entrepreneur dreams of: A deep-pocketed venture capitalist who is willing to invest.
For the first time since the presidency of Ronald Reagan, the United States tax system is undergoing a massive overhaul. Spearheaded by Congressional Republicans and signed into law by President Trump, the overhaul will herald significant changes for millions of Americans. The new law will take effect on Jan. 1, 2018.