Based on the most recent data available, the U.S. Census Bureau estimates that Oregon has more individuals likely to work at home than any other state. In 2000, approximately 4.4% of individuals worked at home compared to a national average of 3.3%. Other interesting facts: (1) About 63% of Oregonians who worked at home were self-employed. (2) About 1 in…
The New York state Senate passed a bill on Monday that would include a reduction in the state’s 3.07% personal-income tax and includes tax breaks for businesses. But Ed Randell, the Governor of New York has already threatened to veto the bill. The bill contains measures that will increase the cap on tax loss carry-forwards. It also contains a new…
One of the biggest hurdles for new businesses is securing startup funding. One solution for many is to secure venture capital. According to the National Venture Capital Association, companies that received venture financing between 1970 and 2003 accounted for 10.1 million jobs and $1.8 trillion in revenue in 2003. This represented approximately 9.4% of total U.S. jobs and revenues. Several…
The end of the year is rapidly approaching. While 2005 ends one tax session and begins another, it’s important to be familiar with the tax law changes that take effect on January 1, 2006. A visit to the IRS web site illustrates the changes that are coming. Some of the tax code changes will affect the business and others the…
We got email from client asking: We do not want our LLC company to be formed until January 1, 2006. Can we start the process now, but ask that you not actually form the company until the new year? Yes, absolutely. We are more than happy to accommodate such requests. For some people is important to incorporate still in this…
I really like this article about how to start a startup. You need three things to create a successful startup: to start with good people, to make something customers actually want, and to spend as little money as possible. Most startups that fail do it because they fail at one of these. A startup that does all three will probably…
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