Starting a New Georgia Business
February 22, 2009 by admin
Filed under Profit Incorporation
I read something yesterday that said 72% of US citizens are thinking about (or already have) starting their own business. I think that figure must be close to correct. A recession – or, if I dare say it – a depression will do that to you.
All the sudden you’re not in charge anymore – if you ever were. If you are not running your own Georgia business you are not in control of your life and you are not stable enough to give a great life to your family. Anyone can get fired for any reason. The contract you signed with the Georgia company you work for leaves them some loopholes to fire you and move on. As much as you want to think you’re a permanent employee of that company, common sense says otherwise.
You need to be the one making the hiring decisions. You hire you, and it’s permanent. You are the boss – and you’re not firing yourself. You build up your company and every hour you’re putting into it is compensated. Every hour you work you’re building the base… every hour you’re working for someone else is building their base.
It’s easy to stay motivated when you’re starting your own Georgia business – it’s essential isn’t it? At first – sure, and that’s when the motivation comes strong. Knock this new business out of the park.
If you haven’t yet started your new Georgia business you can start by working after hours – after your regular job. Get things started, and get them ready to let you go full-time. There’s not really any other way. Don’t waste all your start-up money in one massive change – quitting your job and starting your business – spending tons of money on advertising, marketing… wow.
There’s a better way. Use the internet to create a web site. Get started on Web 2.0 activities. Find out how to get noticed in Google. It isn’t difficult. It’s essential. The essential is not difficult because you’ll be motivated to knock it out.
Research the world of internet marketing – and find out everything you can, and then pay someone to fill in the blanks for you. There are experts on email list building (Aweber.com). There are experts for teaching you how to write online web articles (problogger.net). There are experts for showing you how to make an incredibly easy site in 10 minutes (wordpress.com). There are experts for every single piece of the puzzle.
Learn what you can to get started on your new Georgia business and do everything you can during your off time. Yeah, it’s a struggle. Put 2-5 hours into your new business where you’ll be the owner – and knock it out 5-7 days a week. Get to love what you’re doing. Get to the point where you can go from working for someone else to working at your OWN Georgia business.
Believe you can make it work – because right now there are literally millions of people around the world that are making money from their small business. There are millions in the USA alone. There are people on your STREET that have their own business in Georgia and that aren’t going to get fired during this period of economic instability.
There are people you know right now that can help you pull it off. You have resources to connect with.
There are people online right now at Twitter.com, problogger.net, shoemoney.com, aimforawesome.com that can help you get going. They can answer your questions. Get active in the comments section of the blogs and web sites that are focused on the niche market you want to play in.
Get there and learn what you have to about how the internet can help your new Georgia business. Get to be an expert eventually.
In 5 years? You’ll have something. Nobody gave you it. You built it. You built a business from scratch that is going to survive any economic instability. You know – out of all my friends that are doing business primarily online – none of them are really affected by this economic “disaster” that’s happening around the world. They’re still doing OK!
Get there with your new Georgia business. Get to a space where life is stable… get away from working for others. Out of the 72%Â – be in the 1% that takes action today to get started.
- Choose a new business idea.
- Incorporate so you can deduct expenses for investing in it – buying computers, whatever you need – if used FOR that new business it’s deductible.
- Learn everything you can.
- Work hard for 6 months… a year.
- Break away from your job.
It IS just like that. Don’t make it harder. Don’t make it some impossible dream. There are so many Americans living this dream today – be one of them.
Go on…
Profit Corporations: Advantages & Disadvantages
February 19, 2009 by admin
Filed under Profit Incorporation
Incorporating a new business is a very smart idea. There are numerous benefits to be realized when taking your small business to the next level with incorporation.
The most obvious and biggest benefit to incorporating your Georgia business is the reduced liability of company shareholders. Forming a company creates an entirely different “entity” in the tax system. The company incurs it’s own liabilities, the owners of the company don’t risk their own assets going into business. There are special cases where personal assets can be taken.
Peace of mind. With most legal worries out of the way, you can focus on growing your business and making it profitable and successful.
Tax Advantages. Incorporating puts you on the track for higher tax deductions for your Georgia business, employees of your business, and possibly for family members of the owners of your business.
Incorporating can deliver some tax-deductible benefits. Some people don’t realize that if you are the only employee shareholder of your Georgia business you can still deduct portions of health and life insurance, travel and even some entertainment expenses during your travel.
Incorporating may also eliminate self-employment taxes and lower your payments for social security tax and Medicare tax. Usually corporations provide a tax shelter for qualified pension or retirement plans. Your indiv. tax liability at the end of the year may be reduced somewhat as you will becom an employee of your own corporation.
Easier to get approved for loans & additional capital. It’s difficult as a single owner running a sole proprietor business or a partnership business. to get extra money necessary for expanding their business. Corporations can readily raise capital by issuing more shares of stock. Investors int he company purchase shares of stock in the company -essentially providing funding.
It’s easy to transfer ownership of a corporation through the use of stock. Corporations usually have a perpetual life as well, distinct from that of the shareholders.
These are just some of the many advantages to incorporating your Georgia business. There are literally hundreds more. Think about the immediately respect you get when you tell others you own a company. When you tell other companies you’re in the same industry and can help each other – you’re in a better position to gain their immediate respect because you incorporated.
Biggest benefit to incorporation? Peace of mind. You’re safer and much better prepared for doing business in Georgia. Get incorporated today.
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Email: Flincorporation@gmail.com
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Georgia Online Profit Corporation Form
August 29, 2008 by admin
Filed under Profit Incorporation
Here is a link to our online form for incorporating as a “PROFIT CORPORATION” in the state of Georgia.
http://www.startgeorgiabusiness.com/Profit-Corporation-Form.html
Here are other links you may need before you start incorporating your LLC online:
Profit Corporation – What is it?
Profit Corporation – Reasons you might choose a Profit Corporation incorporation filing over other forms.
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