When making your to-do list as you start to form an LLC in New York or other technology hotbeds, filling out the forms to patent your innovations and paying the associated fees may be at the bottom, if it makes the cut at all.
Posted: May 4th, 2012
The recession was a transformative time not only for the millions of Americans who lost their jobs - it had a significant impact on those who kept their jobs too.
Posted: May 1st, 2012
When starting to form an LLC in New York state, entrepreneurs will likely need to locate outside financing to maintain a steady cash flow through the early days of the business.
Posted: Apr 18th, 2012
Earlier this year, Bank of America cemented plans to add approximately 1,000 Small Business Bankers to its lending teams by early 2012, and now the financial institution is announcing that it's boosted funding to firms across the country, including i...
Posted: Sep 2nd, 2011
The economy is growing, but that pace of expansion is dangerously slow. While many economists warn of a double-dip recession, small businesses are wondering how they can ward off the threat of further financial troubles.Here are a few tips to help entrep...
Posted: Aug 30th, 2011
A FICO survey released earlier this week projected that business credit card debt will increase in coming months, indicating renewed confidence in spending and credit management among owners.While many creditors have been hesitant to lend to small busine...
Posted: Aug 29th, 2011
When it comes to running a business, it doesn't matter what your background is - the bottom line is everything. Making sure the books add up, show revenue growth, and warrant new spending measures is what it's all about.But since the recession hi...
Posted: Aug 29th, 2011
Yes, the economy is rough. Yes, sales are weak. Yes, prospects are limited. But are these reasons to jettison your growth ambitions? Certainly not. On the contrary, business owners need to work harder in this troubled economy to sustain growth, and that ...
Posted: Aug 24th, 2011
It's been a challenge to find a single source of encouraging economic news in recent weeks. While stocks rebounded somewhat this week, volatility seems to be the norm. Meanwhile, confidence among consumers and businesses continues to wane alongside h...
Posted: Aug 23rd, 2011
Even as governments continue to scale back their budgets and companies struggle to hold their sales figures, public agencies and contracts are still viable sources of business. However, the market is competitive, so firms should make a few considerations...
Posted: Aug 19th, 2011
President Barack Obama met with a number of small businesses in rural Iowa Tuesday to discuss issues facing owners and entrepreneurs while also promoting new initiatives aimed at stimulating growth in the sector.Among the Obama administration's new a...
Posted: Aug 17th, 2011
As clean energy and green policies continue to become more economically feasible for businesses and homeowners alike, the construction industry is beginning to note a much-needed surge in demand in so-called "green building."According to the En...
Posted: Aug 17th, 2011
A few weeks after Congress reached a deal to cut the federal deficit by $1.5 trillion over the next several years, the White House announced plans for a major speech in September that will outline the administration's goals for job creation and furth...
Posted: Aug 17th, 2011
Small businesses in the tri-state area seem to reflect national trends when it comes to credit demand. A report released Thursday by the New York Federal Reserve found one-third of small firms applied for credit in the first quarter and two-thirds were a...
Posted: Aug 12th, 2011
Economic downturns are an inevitable aspect of running a business. While there are plenty of strategies owners can embrace to mitigate the effects of a recession, it's nearly impossible to avoid them entirely.In many cases, businesses will move to do...
Posted: Aug 11th, 2011
The National Federation of Independent Business reported earlier this week that confidence among small businesses dipped for the third consecutive month. Similarly, a new survey by Financial Executives International and Baruch College found optimism slip...
Posted: Aug 11th, 2011
Small business owners, particularly first-time entrepreneurs, can make mistakes when it comes to finances. Capital is fickle, especially in a high-growth company where payables and receivables seem to fly about, so it's important for owners to adhere...
Posted: Aug 11th, 2011
Entrepreneurs are natural risk-takers. The process of developing a business idea, investing mountains of capital into it, and building it into a viable business service is anything but a safe bet.But while entrepreneurs and founders may feel comfortable ...
Posted: Aug 10th, 2011
After Monday's dismal showing on Wall Street, investors were looking for any sign of hope in the economy. While the true effects of the debt settlement and Friday's credit downgrade remain to be seen, it appears as though hope may not come from t...
Posted: Aug 9th, 2011
While the U.S. Labor Department reported a slight decrease in the national unemployment rate last Friday, recovery remains slow and many of the most pressing challenges facing the economy are also the most difficult ones.However, in a recent column for U...
Posted: Aug 8th, 2011
Most entrepreneurs are creative or right-brained individuals - that is, they rely on conceptualization, vision, and ingenuity to advance their ideas, as opposed to logical, left-brained professionals whose strengths tend to be reason, mathematics, and fa...
Posted: Aug 8th, 2011
The labor market experienced a significant upturn last month, as the economy added 117,000 jobs and saw the unemployment rate decrease to 9.1 percent. The news has been received as a source of relief to many investors and business leaders who have been r...
Posted: Aug 5th, 2011
With the Commerce Department's report earlier this week showing June marked the first monthly decline in consumer spending since 2009, many analysts have grown wary of news regarding consumer activity.However, the Federal Reserve released a report Fr...
Posted: Aug 5th, 2011
The debt-reduction deal reached by Congress this week has not been without its share of controversy or criticism.While leading parties in Washington have trumpeted the deal, which raises the debt ceiling by $2.4 trillion and calls for an equal amount of ...
Posted: Aug 4th, 2011
The world's top search engine and leading technology innovator has entered the world of vendor financing. Google announced last month that it has released a credit card for small business owners to be used entirely for purchasing search advertising.T...
Posted: Aug 3rd, 2011
Entrepreneurs and small business owners may be finding it easier to access a line of credit, suggesting the time may be good to invest in expansion or hiring initiatives. While conditions are still tough, with consumer activity meager and federal policie...
Posted: Aug 2nd, 2011
Small employers throughout the country continue to be mired by weak sales, a strapped credit market, and a general hesitancy when it comes to launching substantial growth or spending initiatives. The slowdown has been frustrating and seems stuck in a vic...
Posted: Aug 1st, 2011
The ongoing debt crisis in Washington - namely the inability of parties to come to an agreement - has been frustrating to investors, bond holders, and businesses throughout the nation.While some organizations have been ardently pushing for legislators to...
Posted: Jul 22nd, 2011
The ability to secure a line of credit may be a challenge in today's market, depending on the type of business in demand, but there are a number of strategies borrowers can employ to maximize their chances of approval.To begin, find the right bank an...
Posted: Jul 21st, 2011
Small retailers such as coffee shops and bookstores are often expected to provide free wi-fi service for customers. In fact, not providing such an amenity can even place businesses at a loss next to competitors.However, the National Federation of Indepen...
Posted: Jul 20th, 2011
With the credit disparity between consumers and small businesses growing, companies need to do what they can to ensure their debts don't further damage their individual scores and hamper their ability to borrow.While surveys find demand for credit to...
Posted: Jul 20th, 2011
When the decision has been made to fire a customer, the easy part is over. Now, owners and account managers must determine a strategy to let the troublesome client go.First of all, timing is crucial. The moment managers decide to fire a customer isn'...
Posted: Jul 19th, 2011
Corporate executives have likely been turning to their chief financial officers more often, as economic conditions continue to hamper company budgets and dominate the decision-making process.However, it's important for leaders to maintain a balance b...
Posted: Jul 18th, 2011
After months of regulatory procedures that stalled allocation of the Small Business Lending Fund, the U.S. Treasury Department announced it has released the first $123 million of the $30 billion lending pool.The SBLF was passed last fall as part of the S...
Posted: Jul 15th, 2011
Private sector firms may be dishing out pay increases in coming months, according to a recent report from research firm BNA, suggesting businesses are expanding their working capital budgets.The most recent BNA Wage Trend Indicator showed an increase of ...
Posted: Jul 15th, 2011
A divide has emerged between small and large businesses, with growth prospects and sales figures parting the way.According to the Business Roundtable, corporate CEOs are expressing greater confidence than they were before the recession. However, small bu...
Posted: Jul 14th, 2011
Even as major banks such as Bank of America and Chase promise to increase their lending to small businesses in coming months, most bankers in the U.S. expect conditions to worsen, as credit-worthiness remains elusive and smaller institutions struggle wit...
Posted: Jul 13th, 2011
While many entrepreneurs have been seeking alternative financing options to meet their credit needs, many hold that the real problem facing small businesses is not a dearth of lending but a lack of sales.In fact, the most recent Small Business Optimism I...
Posted: Jul 12th, 2011
With the credit market in a rut, many businesses are finding it difficult to access a loan to keep their payrolls flowing and their expansion plans rolling. While conditions have clearly improved since the low points of the recession, small businesses sh...
Posted: Jul 11th, 2011
Despite a recent study from Manta that found a majority of small business owners plan to hire this year, more recent reports seem to have put a damper on those prospects.The U.S. Chamber of Commerce reported Monday that nearly two-thirds of surveyed smal...
Posted: Jul 11th, 2011
While the private sector has been slow to recover from the recession, it has nonetheless been growing over the past several months. The public sector, on the other hand, has been laying off workers en masse, contributing to a high unemployment rate and w...
Posted: Jul 8th, 2011
While the economic recovery seemed to have hit a speed bump this spring, the market may beginning to take a turn for the better, with the most recent employment report from ADP providing convincing evidence.According to the June ADP Employment Report, th...
Posted: Jul 7th, 2011
The same week as the ADP released its strong private sector employment report, software giant Intuit released its Small Business Employment Index, showing a slight monthly gain in June but a stronger increase from a year ago.According to the report, smal...
Posted: Jul 7th, 2011
A survey released this week by the National Association of Women Business Owners finds women business owners remain concerned about the state of the U.S. economy and believe it's the most important issue for Congress to focus on.According to the stud...
Posted: Jul 6th, 2011
Most small business owners do not have the time to sift through mountains of financial statements and paperwork. This is a problem that has been compounded in recent months by growing debit card "swipe fees."The problem is that small companies ...
Posted: Jul 5th, 2011
Despite some less encouraging signs of job growth in May, Paynet reported Thursday that borrowing among small businesses grew at a record pace last month.The Thomson Reuters/PayNet Small Business Lending Index grew 26 percent year-over-year in May, reach...
Posted: Jun 30th, 2011
While the PayNet and Thomson Reuters reported this week that lending to small businesses grew to the highest level since July 2008 last month, suggesting a strengthening of the credit market, the economy is by no means mended.Accordingly, small businesse...
Posted: Jun 30th, 2011
Entrepreneurship tends to flourish in communities that promote, encourage or value such endeavors. However, startup activity is also more common in areas ravaged plagued by high unemployment, as fewer work opportunities often inspire professionals to cre...
Posted: Jun 29th, 2011
Consumer activity accounts for roughly 70 percent of the overall U.S. economy - a fact that prompts economists to consider monthly spending figures to be harbingers of business activity, investment and hiring.With May's unemployment rate rising to 9....
Posted: Jun 27th, 2011
Small businesses in the U.S. may be seeing the light at the end of the tunnel, as a recent survey from TD Bank shows expectations for revenue growth and hiring plans are much more optimistic than current market conditions may suggest.According to the rep...
Posted: Jun 27th, 2011
While the outlook of small businesses has seemed to fluctuate in recent months, conditions are undoubtedly showing improvement compared to last year, despite a frustrating slowdown in the economic recovery.This year's U.S. Bank Small Business Annual ...
Posted: Jun 23rd, 2011
Entrepreneurs looking to form an LLC in New York may be discouraged from hiring or expanding their operations due to a troubled credit market, but banking executives appear to be growing more confident in the financial sector, suggesting a resurgence of ...
Posted: Jun 23rd, 2011
Last fall, Congress passed the Small Business Lending Fund - a $30 billion source of capital for community banks to spur lending to small companies and entrepreneurs forming an LLC in Texas and around the country. However, so far not even half of the fun...
Posted: Jun 22nd, 2011
National Venture Capital Association president Mark Heesen recently told Entrepreneur magazine that he expects to see noted gains in the U.S. VC market either later this year or early next.However, the NVCA, along with international consulting firm Deloi...
Posted: Jun 22nd, 2011
It has long been asserted that entrepreneurship flourishes in areas with fewer employment opportunities. A recent CNN poll supported this theory by finding some of the states with the highest unemployment rates - California, Nevada and Georgia - are amon...
Posted: Jun 21st, 2011
More small firms are looking towards international markets to increase sales and promote growth, as a recent survey published on Portfolio.com shows the market is only projected to expand in coming months.According to the survey, which was conducted by t...
Posted: Jun 21st, 2011
With the economy in a state of uncertainty, with fluctuating credit conditions, job growth, and consumer activity, many small business owners and entrepreneurs are holding off on expansion and hiring plans.At the core of entrepreneurs' hesitation, th...
Posted: Jun 21st, 2011
A number of recent surveys and reports have depicted an economic recovery that is slowing and facing a number of challenges.Two recent polls of economists from Bloomberg and the Associated Press serve as good examples of the conflicting and disputed stat...
Posted: Jun 20th, 2011
U.S. small businesses received fewer loans in the first quarter of 2011, as the U.S. Small Business Administration's Office of Advocacy reported this week that banks continued to experience an ongoing decline in lending trends.According to CNN Money,...
Posted: Jun 17th, 2011
As entrepreneurs look to get their startups off the ground, it's important that they remember how location - on both a state and local level - can impact a new business' bottom line, and with recent studies suggesting a dramatic slowdown in the e...
Posted: Jun 16th, 2011
California and New York are among some of the most active investors in clean energy policies and agendas, with both states working toward ambitious renewable energy portfolios. However, clean energy entrepreneurs looking to incorporate in California may ...
Posted: Jun 13th, 2011
While the economy is unquestionably better than it was a year ago, many small business owners remain frustrated by the nauseatingly slow pace of recovery. Unemployment remains high, job growth is fumbling, GDP is dreary and the credit market is in questi...
Posted: Jun 10th, 2011
A panel of economists polled by Bloomberg have projected that the U.S. economy will show marked improvement in the second half of 2011, despite recent dips in employment, consumer activity, exports, GDP growth and other chief economic factors.Surveyed an...
Posted: Jun 10th, 2011
A survey released this week by business network Manta finds a majority - 57 percent - of small businesses plan to hire this year, providing something of a contrast to recent not-so-cheery employment figures.However, the survey also noted that the top hir...
Posted: Jun 7th, 2011
Clean energy entrepreneurs looking to form an LLC in New York may receive a break with the announcement this week of a large investment in renewable energy projects to be built across the state.The state will allocate $191 million in grants to 17 differe...
Posted: Jun 6th, 2011
A recent survey by General Electric found approximately 80 percent of small businesses plan to hire within the coming year, and nearly two-thirds have already begun doing so, according to Bloomberg. It's clear that employers want to add positions, bu...
Posted: Jun 3rd, 2011
With so many varying reports on the state of the economy, consumer sentiment and business outlooks, it can be difficult for entrepreneurs to accurately gauge conditions, especially considering how market trends vary greatly from sector to sector.For exam...
Posted: Jun 2nd, 2011
Small businesses looking to form an LLC in New York City may be finding greater access to credit and commercial loans, as the most recent Small Business Lending Index from PayNet shows borrowing in the sector expanded significantly in April.According to ...
Posted: Jun 1st, 2011
Whether entrepreneurs are looking to incorporate in California or New York, they have likely put major spending and expansion plans on hold during the recession.While many government officials and economists have argued that the need to stimulate lending...
Posted: May 31st, 2011
New York City is considered to be one of the most important financial hubs in the world. While the city has emerged relatively strongly from the recession - thanks in large part to a strong small business and startup community - obtaining credit remains ...
Posted: May 25th, 2011
Entrepreneurs looking to incorporate in California will likely experience an environment with heavy startup activity, as a recent survey by CNN Money found states with high unemployment, including the Golden State, to be highly entrepreneurial - likely a...
Posted: May 24th, 2011
Forming an LLC in New York has become a difficult task in recent years, what with financing difficulties and tighter credit incentives among banks and alternative lenders. While debate continues to unfold as to the state of the credit market and its impa...
Posted: May 23rd, 2011
With the economy as it is, it's certainly understandable that small business owners are a bit hesitant to make huge investments in technology, hiring or other operational tasks.The fact remains that sales have been slow, and although consumer confide...
Posted: May 19th, 2011
For entrepreneurs forming an LLC in New York, California or anywhere else, it may tempting to seek out a business credit card to help finance your growth. However, it is important to take in a few considerations regarding recent credit card legislation.T...
Posted: May 18th, 2011
Financing a business in this economy - regardless of its supposed state of recovery - is a difficult endeavor.Entrepreneurs forming an LLC in New York may read about the lending initiatives of major financial institutions like Bank of America or JP Morga...
Posted: May 17th, 2011
Retail business owners looking to incorporate in California are likely paying close attention to recent trends in consumer activity. Earlier this week, for example, Gallup reported that consumer spending remained statistically flat in April.However, the ...
Posted: May 12th, 2011
A recent survey by CNN Money found Nevada and California to be among the most active states for startup activity, reasoning that their massive unemployment rates - 13.2 and 12.3 percent, respectively - have encouraged many laid-off workers to form their ...
Posted: May 11th, 2011
Small business credit cards are, essentially, no different than consumer cards, in that proprietors are liable for all incurred debt, as opposed to the organization as whole and whatever DBA filing it has registered.For that reason, the subject of small ...
Posted: May 9th, 2011
The debate over whether or not to allow retail giant Walmart to open shop in New York City has small business owners arguing that their survival depends on keeping the corporation out pitted against those arguing for jobs and consumer activity.A Quinnipi...
Posted: May 4th, 2011
While CNN Money recently placed California at the No. 2 spot on its list of the states with the highest startup activity, the Golden State has been less animated when it comes to the credit market, as it holds title to the highest small business bankrupt...
Posted: May 3rd, 2011
Following news on clean energy and the blossoming "green" sector, one would expect employment opportunities to be pervasive, with new renewable energy technologies and startups popping up here and there.However, reality seems to be less sensati...
Posted: Apr 29th, 2011
The technology industry, particularly that in Silicon Valley, is an extremely lucrative business, as it has driven innovations within the past few decades that have fundamentally altered the way the world turns.Understandably, there is a plethora of inve...
Posted: Apr 28th, 2011
New York City-based financial services giant JPMorgan Chase announced Tuesday it plans to devote $12 billion in lending to small businesses this year, marking a 20 percent jump over last year.The nation's second largest bank also announced that it be...
Posted: Apr 26th, 2011
New York City is known for a few major industries - advertising, media and tech to name a few - but its the city's finance sector that tends to dominate headlines and drive market forces.Now, that industry appears to be noting a rising demand for gre...
Posted: Apr 25th, 2011
It is true that global investment in clean energy technologies, startups and installations grew by an astounding 30 percent last year, but that sector reflects only one aspect of the green initiatives being implemented by businesses, consumers and govern...
Posted: Apr 22nd, 2011
The Associated Press' monthly analysis of economic stress was released Thursday, providing a glimpse of economic conditions on a national, state and country level during the month of February.Looking at the AP's map of economic stress, the West C...
Posted: Apr 14th, 2011
Small companies appear to have lost confidence in the economic recovery last month, as declines in expectations for real sales growth, profits and business conditions contributed to a drop in the National Federation of Independent Business' Small Bus...
Posted: Apr 12th, 2011
In regards to U.S. small businesses, the Obama administration has maintained that access to credit is paramount in lifting the sector, which employs nearly half of all private sector workers, out of the recession's grasp.Both Federal Reserve Chairman...
Posted: Apr 11th, 2011
New York Senator Kirsten Gillibrand outlined an economic agenda for the state that will put a focus on startup incubation, access to credit and the introduction of tax-free business savings accounts, according to the New York Daily News.The junior congre...
Posted: Apr 7th, 2011
Ongoing Congressional debate over budget and spending cuts has reflected in many ways what's going on at the state level across the country. But as lawmakers struggle to reach an agreement this week, the federal debate is becoming an increasingly dan...
Posted: Apr 6th, 2011
Small businesses looking to incorporate in New York City may receive assistance from a new philanthropic initiative from the Boston Beer Company, brewers of Samuel Adams.Samuel Adams Brewing the American Dream will be introduced to the Big Apple, with a ...
Posted: Apr 5th, 2011
Consumer confidence slipped in March to reach a three-month low of 63.4 - down from February's three-year high of 72, according to a report released this week by the Conference Board.The decline in confidence is likely due to rising commodity prices ...
Posted: Mar 29th, 2011
Owners of businesses both large and small often claim that one of their biggest challenges in doing business is excessive government regulation. And in a down economy, that obstacle is challenged by a lack of available credit or capital.A bill recently p...
Posted: Mar 24th, 2011
California is something of a mixed bag when it comes to economic conditions. On the one hand, the state boasts the largest state economy in the country - and the eighth largest in the world - but it also has one of the three worst unemployment rates in t...
Posted: Mar 23rd, 2011
Both Treasury Secretary Timothy Geithner and Small Business Administration head Karen Mills declared Tuesday that a lack of available credit is the biggest problem facing small businesses and is stymieing job creation and innovation as well.At a conferen...
Posted: Mar 22nd, 2011
Although the volume of business sales in California fell substantially throughout 2010, experiencing a 6.6 percent drop for a total of 13,329 transactions, February noted a solid gain in the number of business acquisitions.According to BizBen.com, more t...
Posted: Feb 28th, 2011
New York-based investment giant Goldman Sachs has reportedly made a $20 million investment in Houston, Texas, area small businesses as part of its larger $500 million lending program.According to the Houston Business Journal, the program - which will spe...
Posted: Feb 25th, 2011
The Small Business Authority has released its latest survey addressing the current state of the overall small business economy.Released Friday, the SB Authority Index shows a slight improvement for the month of January, rising 0.67 percent on the back of...
Posted: Feb 25th, 2011
A recent survey by human resources service CheckPoint HR found 39 percent of New York City small business owners plan on hiring this year, which is significantly higher than national figures interpreted by a recent CareerBuilder survey.While these figure...
Posted: Feb 24th, 2011
The Federal Deposit Insurance Corporation announced Wednesday that its insured banks recorded a collective profit of $21.7 billion in the fourth quarter of 2010, a substantial increase from the $1.8 billion losses reported in the fourth quarter of 2009.A...
Posted: Feb 23rd, 2011
Small business lending fell by 6.2 percent in 2010, according to a recent report by the U.S. Small Business Administration, suggesting that the economic recovery may continue to lag for some time.Contrastingly, the report also found lending to large firm...
Posted: Feb 21st, 2011
The U.S. Department of the Treasury announced Thursday it has approved a funding initiative in the state of California that is expected to create new jobs and generate some $1.7 billion in small business lending.The State Small Business Credit Initiative...
Posted: Feb 18th, 2011
Up to 20,000 small businesses nationwide may benefit from a new program launched this week by the U.S. Small Business Administration, which utilizes traditional 504 SBA-backed commercial mortgage loans to help struggling small enterprises.The $15 billion...
Posted: Feb 17th, 2011
Lending to small businesses in California may be on the rise, according to a recent report from TMC, a leading Certified Development Company that provides U.S. Small Business Administration 504 real estate loans.According to TMC, SBA-backed lending to sm...
Posted: Feb 16th, 2011
Internet and new media companies are the targets of a large-scale investment venture from JPMorgan Chase, as the company reportedly plans to sink anywhere from $500 million to $750 million into such firms.The Wall Street Journal, which originally broke t...
Posted: Feb 14th, 2011
Financial services giant Morgan Stanley is the latest institution to toss a hat into the small business investment ring, as the New York City-based firm announced the launch of a new program that will provide up to $500 million in credit to small busines...
Posted: Feb 10th, 2011
As entrepreneurs looking to form an LLC in New York find trouble accessing credit, a number of recent surveys are compounding their troubles with conflicting reports on the state of small business lending.For example, the National Federation of Independe...
Posted: Feb 8th, 2011
A new program launched by the U.S. Small Business Administration last week will seek to provide women-owned small businesses with greater opportunities to receive federal contracts. The Women-Owned Small Business Federal Contract Program will be implemen...
Posted: Feb 7th, 2011
Following a number of recent surveys finding confidence among the nation's small businesses to be improving, the Arizona Small Businesses Association released a survey Thursday showing the state's small firms evoke similar levels of optimism but ...
Posted: Feb 4th, 2011
The U.S. Senate voted 81-17 to repeal a controversial provision in last year's healthcare reform bill after several appeals from small business advocacy groups. It will face a vote in the House next week, where it is expected to pass.The disputed &qu...
Posted: Feb 3rd, 2011
With hours to go before President Barack Obama's State of the Union address, the president is facing a number of critics from the small business community.Tuesday, the American Small Business League released a statement criticizing the president'...
Posted: Jan 25th, 2011
Employers' hiring plans are improving drastically, as economic confidence among businesses reached a 12 year high, according to a new survey.The National Association for Business Economics reported Monday that 38 percent of surveyed firms have larger...
Posted: Jan 24th, 2011
Since the recession began, banks and traditional lenders have tightened their credit policies, leading to a significant drought of financing opportunities for small businesses.Consequently, loans backed by the U.S. Small Business Administration have grow...
Posted: Jan 24th, 2011
The U.S. House of Representatives will vote today whether or not to repeal last year's healthcare reform bill - a law that Congressional Republicans have argued will destroy jobs and burden small businesses with new taxes.While the Republican-led Hou...
Posted: Jan 19th, 2011
Since the recession began, small businesses have been cited as the most critical aspect of an economic rebound, but this claim is founded on a number of other "Goldilocks" style conditions as well.It has been said that small businesses - employ...
Posted: Jan 13th, 2011
Since the recession began, small businesses have been cited as the most critical aspect of an economic rebound, but this claim is founded on a number of other "Goldilocks" style conditions as well.It has been said that small businesses - employ...
Posted: Jan 13th, 2011
The U.S. Small Business Administration is now accepting grant proposals from organizations interested in providing small businesses with training, counseling and mentoring programs as part of the new Small Business Teaming Pilot program.Establi...
Posted: Jan 12th, 2011
The U.S. Small Business Administration is now accepting grant proposals from organizations interested in providing small businesses with training, counseling and mentoring programs as part of the new Small Business Teaming Pilot program.Established as pa...
Posted: Jan 12th, 2011
Small business optimism fell in December, according to the most recent report from the National Federation of Independent Business, suggesting that the economy may continue its slow recovery for some time.The NFIB's Index of Small Business Confidence...
Posted: Jan 11th, 2011
While the Small Business Administration reported last week that it has supported more than $13 billion in small business loans since last September, lending to small businesses in the New York City region specifically has seen substantial improvements.Th...
Posted: Jan 10th, 2011
One of the biggest problems the economy has faced emerging from the recession has been the lack of available credit to small businesses. The New York Federal Reserve reported last year that three-quarters of small businesses did not meet their lending ne...
Posted: Jan 6th, 2011
While there have been many attempts to spur small business growth, such as the Small Business Jobs and Credit Act passed last September, the sector remains stuck in a tentative spending mode - a condition that has hampered private sector job creation and...
Posted: Jan 5th, 2011
Entrepreneurs looking to incorporate in New York may want to consider a few small business predictions for 2011, as a number of economic indicators suggest there will be a more extensive recovery next year.Writing in The Street, Jonathan Blum projects th...
Posted: Dec 30th, 2010
Most economists argue that small business is the economy's key to prosperity. But over the past few months, confidence among owners has fluctuated, while consumer confidence made a surprising downturn in December.However, the holiday shopping season ...
Posted: Dec 30th, 2010
As many small businesses have trouble achieving their credit needs, some are beginning to borrow against their homes in order to meet their lending requirements.A recent report by the Federal Reserve Bank of Cleveland found that nearly 20 percent of smal...
Posted: Dec 29th, 2010
While the economy remains stalled in post-recession blues, some key indications suggest it may begin to see significant improvements in 2011.One of the most important barometers of economic viability, small business confidence, has seen boosts in recent ...
Posted: Dec 23rd, 2010
Congress passed legislation this week that will boost lending incentives to small businesses by raising the government guarantees on small business loans.The Small Business Lending Fund, which is part of the Small Business Jobs and Credit Act passed in S...
Posted: Dec 22nd, 2010
Chicago-based Chase Bank announced Tuesday that it has surpassed its small business lending goal for 2010, providing more than $10 billion in credit to U.S. small companies.The loans were allocated among more than 250,000 small businesses with annual sal...
Posted: Dec 21st, 2010
The recently-released Wells Fargo/Gallup Small Business Index shows a significant improvement in confidence among small business owners, reflecting the highest level since April of 2009.Surging 24 points to reach -4, the index marks an improvement over J...
Posted: Dec 21st, 2010
Following Thursday night's passage of President Barack Obama's tax credit plan, some small businesses are asserting that it is not tax credits that they need, so much as a boost in demand.The bill, which passed swiftly through the Senate on Wedne...
Posted: Dec 17th, 2010
The U.S. Small Business Administration this week launched a lending program aimed at providing small businesses with quick micro loans to help spur growth within the sector amid continued difficulty to find viable credit opportunities.The initiative will...
Posted: Dec 16th, 2010
Confidence among the country's small business owners has reached its highest level since December 2007, according to the National Federation of Independent Business, marking the highest level since the recession began.The NFIB's confidence index ...
Posted: Dec 14th, 2010
The fact that small businesses account for nearly 50 percent of the private sector workforce is a statistic often stated to illustrate the tremendous value of the sector in motivating the economy. However, a different take on that statistic will show how...
Posted: Dec 10th, 2010
As part of a larger initiative aimed at spurring job growth and small business development in New York City, Mayor Michael Bloomberg outlined six keys steps toward improving the economy in the Big Apple and abroad.As an Independent, Bloomberg lambasted i...
Posted: Dec 9th, 2010
A California Assemblyman has introduced a new bill in the state legislature that will provide much needed relief to small businesses and entrepreneurs looking to incorporate in California.Assembly Bill 11, brought forth by Anthony Portantino of Pasadena,...
Posted: Dec 8th, 2010
Small business lending plummeted from 2007 - 2009, reflecting the progression of the economic crisis
The California Reinvestment Coalition released a report Tuesday showing massive declines in small business lending and investment in California from 2007 to 2009, providing a first-hand statistical view of the financial meltdown's effects on small bu...
Posted: Dec 8th, 2010
Small firms looking to incorporate in New York may actually be benefiting from the healthcare reform bill signed into law earlier this year. According to data from the Kaiser Family Foundation and research by Bernstein Research, more small businesses hav...
Posted: Dec 6th, 2010
A slew of recent reports on confidence among small business owners has provided a much needed source of reassurance for the economic outlook. The Discover Small Business Watch confidence index for October reached 11 points higher than its figure from a y...
Posted: Dec 2nd, 2010
In an effort to help spur small business development in the Empire State, Governor David Patterson and Empire State Development announced Friday plans to allocate $50 million in funding to small business lenders. The move hopes to encourage New York LLC ...
Posted: Nov 19th, 2010
To add to recent reports that small business growth and activity is beginning to improve, Citigroup announced Monday it plans to hire 200 bankers by the end of the year to help U.S. small businesses achieve credit and financing needs.The New York City ba...
Posted: Nov 15th, 2010
Following a rejection by FEMA, the U.S. Small Business Administration Tuesday declared the central Texas region a disaster area as a result of damages inflicted by Tropical Storm Hermine. The declaration will permit entitled businesses, homeowners, rente...
Posted: Nov 11th, 2010
BlackRock announced Tuesday that its stakeholders, Bank of America and PNC Financial Services Group, will sell $8.3 billion worth of the New York City-based investment management group's shares - marking the largest public offering of the year.The 51...
Posted: Nov 9th, 2010
As employee healthcare costs skyrocket nationwide, many businesses have begun implementing wellness programs to help promote healthier workers and reduce insurance costs for employers.In the Golden State, Blue Shield of California announced Tuesday it ha...
Posted: Nov 9th, 2010
Citigroup has approved a $60 million lending initiative for small businesses and startups in low-income areas. The funding is part of the New York City-based bank's $200 million Communities at Work Fund, which seeks to provide disadvantaged communiti...
Posted: Nov 4th, 2010
New York City Mayor Michael Bloomberg broke ground on a new entrepreneurship incubation center in the Hunts Point neighborhood of the Bronx. The small business and startup center is the first city-sponsored business incubator in New York - a measure that...
Posted: Nov 4th, 2010
Speaking at a breakfast hosted by the Wall Street Journal in New York City Wednesday, American Express CEO Ken Chenault hinted at a "stimulus plan for small business" that is expected to be unveiled within the next few days.While not providing ...
Posted: Nov 3rd, 2010
A new report released by Representative Anthony Weiner of New York suggests it may be a good time to launch an LLC in New York City after all. The report, released Sunday, shows small business loans increased 45 percent over the past year.According to fi...
Posted: Nov 1st, 2010
In an effort to secure his legacy as an advocate of green technology, California governor Arnold Schwarzenegger has been pulling out all the stops to campaign against Proposition 23 - a bill that will repeal the governor's renewable energy law that r...
Posted: Oct 28th, 2010
Entrepreneurs and business owners seeking to file an LLC in Arizona are facing a significant decline in venture capital investment.According to Dow Jones VentureSource, only two companies received venture financing in the third quarter of the 2010 fiscal...
Posted: Oct 28th, 2010
Small Business California president Scott Hauge is urging the U.S. Small Business Administration to conduct a study of bank practices and their adverse effects on American small businesses."It has become quite clear that one of the biggest concerns ...
Posted: Oct 27th, 2010
Several recent studies have shown that entrepreneurship in the U.S. has declined as a result of the economic recession. And with new companies contributing two-thirds of U.S. job creation, the downturn has adversely affected employment. as well.Even amon...
Posted: Oct 25th, 2010
Entrepreneurs seeking to launch an LLC in New York or any other city, state or country may take comfort in a new media-consulting company called BornGlobal. Based out of New York City, the firm serves to help grow international or foreign businesses by m...
Posted: Oct 22nd, 2010
Entrepreneurs forming an LLC in New York should approach a loan application as a way to eliminate any possible objections a lender might have, rather than pitching reasons for a bank to say yes, according to The Franchise Magazine.The automation of busin...
Posted: Sep 21st, 2010
Austin is hosting a Startup Weekend event that will bring together investors, business owners and developers for a 56-hour marathon to assist entrepreneurs forming an LLC in Texas.The event will begin Friday, September 10, and organizers expect attendanc...
Posted: Sep 8th, 2010
Entrepreneurs with their sights set on forming an LLC in New York or California may also want to consider Texas or Arizona after reviewing the latest rankings of states based on business tax conditions.Texas ranked No. 11 overall and even Arizona came in...
Posted: Sep 3rd, 2010
Obtaining financing to create a California LLC typically means entrepreneurs must entice venture capitalist firms, but recent trends are shifting toward angel investors who are focused more on short-term gains, which is causing business owners to "think ...
Posted: Sep 2nd, 2010
A website that lists non-traditional commercial lenders is allowing entrepreneurs who are forming an LLC in Texas, New York, California or Arizona to acquire capital for a new venture or to expand business operations.The new website''s owner, Mike Lieber...
Posted: Aug 30th, 2010
Entrepreneurs who are going to form an LLC in Arizona will be happy with the results of a recent survey that placed the Grand Canyon state No. 13 on a list of most favorable places for business liability court cases.After interviewing in-house attorneys ...
Posted: Aug 26th, 2010
There are a few steps business owners must follow to form an LLC in New York. First, entrepreneurs need to find the startup capital (BoeFly.com''s new "dating service" for banks and borrowers is a good start). Of course, business owners also need to file...
Posted: Aug 20th, 2010
Tech entrepreneurs trying to decide whether to incorporate in California''s Silicon Valley may want to consider forming an LLC in New York instead, where the Wall Street Journal reports incentives and capital are increasing in abundance.An engaging and s...
Posted: Aug 20th, 2010
A new website connects capital-starved entrepreneurs who want to form an LLC with lenders willing to finance the business, thus reducing the paperwork and man-hours that more traditional borrowing strategies required.Robert Tannenhauser, who spent 15 yea...
Posted: Aug 19th, 2010
The Central Arizona College Small Business Development Center is teaming up with Consumer Credit Counseling Services and the United Way of Pinal County to host a series of free financial planning workshops for consumers and those interested in learning h...
Posted: Aug 11th, 2010