For some, summer can mean vacation — but for entrepreneurs, summer can be a great time to start their dream business.
Madison, Wis. (PRWEB) July 10, 2012
If starting your own business has been a lifelong dream, the summer of 2012 may be the time to make that dream a reality. Thanks to a recent spike in hiring, the small business landscape shows the promise of a significant increase in summer sales. BizFilings, a leading online incorporation provider, encourages all aspiring entrepreneurs to take advantage of this summer and the recent trends in small business and start a business — even one that lasts beyond the summer months.
According to a recent Intuit report, there were more than 40,000 new jobs created in May 2012 — which means that today’s entrepreneurs are setting up this summer to be a busy one for small businesses. With this level of employment expanding, it shows that small businesses are preparing for increased sales this summer and as such are willing to put more money into hiring employees. Not only is this good news for small businesses, it also shows optimism in this sector which may bode well for aspiring entrepreneurs.
According to BizFilings, this may also mean that now is the best time for starting a new business. With other small-business owners anticipating heavy sales this summer by ramping up their sales force, entrepreneurs who want to get a leg up may find the summer months ideal for starting a small business. Summer, according to BizFilings, presents an opportunity to start a business, as entrepreneurs are able to take advantage of more discretionary spending, relaxed attitudes, and, in some cases, even increased business due to seasonality.
What’s the right small business to start this summer — one that will last into the winter months? According to the Intuit report, the small businesses that have fared the best, even in the dismal economic climate of the past few years, are ones in the professional, scientific and technology fields. Small businesses that haven’t bounced back as well are those in the real estate and construction industries. Other industries, such as health care and social assistance, have shown only a mild decline.
“For some, summer can mean vacation — but for entrepreneurs, summer can be a great time to start their dream business,” says Karen Kobelski, member of the executive leadership team at BizFilings. “We’ve seen so many different kinds of successful businesses incorporated — it’s exciting to see what each season brings in terms of new types of businesses, and this summer should be no different.”
When starting a new business, it’s important not to let the lazy days of summer get the best of business sense. BizFilings suggests that entrepreneurs carefully consider the risks and benefits of starting a small business — making sure to file all the right paperwork, apply for the proper permits and licenses, and take the time to file for incorporation. Incorporation, such as a limited liability company, can provide a layer of protection between the small business and the small-business owner’s personal assets — making certain that if something happens to the small business financially, the entrepreneur is not held personally liable.
One final step for aspiring entrepreneurs to consider is the process of filing for DBA. DBA simply means “doing business as” — and is a way to allow sole proprietors and general partnerships to conduct business under a name different from the owner’s personal name. If a business is formally incorporated (C corporation, S corporation, LLC, LP or nonprofit), filing a DBA can allow the company to transact business using a name that’s different from the company name included on the incorporation documents. This can be useful if a small business that was initially formed to take advantage of the summer months proves to have staying power through the rest of the year (and now wants the business name to reflect that).
For more information on starting your own business as well as filing for incorporation, DBA, and business licenses and permits, visit the BizFilings Online Learning Center.
BizFilings is a full-service, online incorporation service provider, offering small-business owners a fast, easy and economical way to form a corporation, limited liability company (LLC) or other business structure online or by phone. BizFilings also offers a full range of business filing and compliance products, including nationwide Registered Agent Service, helping keep businesses in compliance with state regulations. BizFilings can be found online at http://www.BizFilings.com. BizFilings is part of Wolters Kluwer Corporate Legal Services, the leader in legal process and business performance management. It delivers the people, products and processes to drive transparency, ensure accountability and provide organized, accurate and actionable information for legal, financial and insurance professionals. CLS’s business brands — CT Corporation, NRAI, BizFilings, Corsearch, CT Lien Solutions and TyMetrix — empower organizations to make better business decisions and be more efficient in today’s highly transparent business environment.
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