Starting Your Own Business!
Do you have an idea for a business, or a hobby that you'd like to turn into a business? Perhaps you already have an existing business that you'd like to expand, or a home based business that could be doing better.
Sole Proprietorship, Partnership, LLC or Corporation
Starting a business is something that all of us have thought about at one point in our life or another. Everyone wants to be their own boss. Yet, statistic shows that most business fails within the first five years. Our company provides insight into the characteristics, knowledge and skills needed to become a successful entrepreneur. We will guide you to be able to identify the abilities required of a successful entrepreneurs and understand how to acquire them. Develop goals to help to establish your business, develop an outline for your business plan and learn techniques to successfully manage your new business. Remember! Hard work and good guidance equals SUCCESS...
In today's job market, individuals are realizing success with having their own business. If you are concerned about your job security, are looking for ways to earn more after-tax dollars, have always dreamed of starting your own business or already started a business but do not know how to make it successful. Be in control of your income level and time. With very little money and the right guidance, you can build a successful business and determine your own job security.
Let your neighbors know your business!
Sole proprietorship is the simpliest and the most common business structure. There is one owner, the sole proprietor. The business is unincorporated, and there is no legal distinction between the business and the owner.
Sole proprietorship is the easy and inexpensive way to start a business, and an owner can usually create one on his/her own. There are no formal action required to create or start a sole proprietorship. However, business owners still need to obtain any necessary license, permits, and doing business as (DBA) name, if they are operating under a name other than their own. The owner is entitled to all the business's profit and has complete control over the business and makes all decisions, including business strategy, concept, plans, and operations.
Tax filing for sole proprietorship is fairly easy. A sole proprietorship files a Schedule C, along with their Form 1040 that owner already file every year. Self-employment income is subject to self-employment tax.
Sole proprietorship has no legal separation between the proprietor and the business entity. Personal liability for all debts and obligations of the business is the owner's responsibility. The risk extends to any liabilities incurred as a result of the actions of employees. It is often difficult to invest in a sole proprietorship because the business owner can't sell business stock, and financial institutions are sometimes hesitant to lend or give credit because of a perceived lack of credibility if the business fails. On the other hand, having complete control over the business can sometimes be a burden. The proprietor is the one ultimately responsible for the growth and success. But, nevertheless the failure of the business.
Take5 Financial Group is a consulting firm who specializes in business formations and development. We assist on obtaining business licenses such as Liquor Licenses, Pawnshops, Police Commission Permits, Professional Licenses, Auto Dealers, Day Care, and other businesses that requires specialty licenses. Please call for more details...
Your Company Identity
Your company's identity is the "persona and key element" of your business. The look of your business should meet and exceed your company's objectives. It is usually visibly manifested by way of branding and the use of trademarks.
Your business identity comes into being when there is a common ownership of an organizational philosophy that is transformed in a distinct environment - Your company's personality and way of doing business.
In general terms, your business identity expresses the values and ambitions of your organization, its business, and its characteristic.
Branding and getting your name out in the market is one of the most important elements of marketing your products or service. Without a brand you cannot build up credibility, sales and your business. There are many reasons why branding is crucial to the success of your business.
Take5 Financial Group Vision and Commitment
We are a community business of professionals that has been developed to assist and protect the interests of small business owners and to help with their immediate business filing and set-up.
We understand and are committed to the importance of affordability, quality, and service of excellence which we meet and exceed in our every day business dealings. We are here to help you in every step of the way and to see your success...