partnership Archives

How to Choose the Right Business Partner for Your Startup

Successfully taking a seed of an idea, turning it into a product or service, and forming a full-fledged company is based on a series of critical decisions. Who you choose to go on that ride...

byJohn Meadows

July 25, 2022

Starting a Business with a Partner? Here’s What You Need to Know

Opportunities to start a business can happen at any time, even during a pandemic. Amid COVID-19, many individuals spent their time in quarantine practicing a side hobby or developing a new offering that meets the...

byDeborah Sweeney

July 13, 2022

How to Set Expectations in a Business Partnership to Ensure Success

It’s an exciting moment in the life cycle of a startup when an entrepreneur decides to establish a partnership. Businesses that create partnerships together are able to align with like-minded brands that support and enhance...

byDeborah Sweeney

July 8, 2022

The 7 Benefits of Forming a Corporation

Whether you are just starting your business or you have already been operating as a sole proprietorship or general partnership, you may be wondering about the benefits of forming your business as a corporation. Often,...

byBizFilings

October 3, 2021

Forming a Partnership? Check Out These 4 Partnership Structures

Did you know there are several partnership structures you can choose from when forming a partnership Partnerships are a popular business structure to form if you plan to go into business with another person. You...

byMyCorporation

August 10, 2021

StartupNation Announces Partnership with SCORE of Southeast Michigan

StartupNation is excited to formally announce a strategic partnership with SCORE of Southeast Michigan, an organization of expert business mentors that provides aspiring small business owners with the free tools they need to succeed. As part...

byStartupNation

October 27, 2020

How to Become Incorporated and Why to Incorporate Your Business

On your small business journey, you will encounter many forks in the road. Choosing the right direction for your company as it matures may seem daunting at times. One of the “forks” you must consider...

byNav

January 30, 2020

Which Legal Entities are Best for Main Street Businesses?

As local storefronts prepare for Small Business Saturday tomorrow, entrepreneurs with an unincorporated business may be considering forming a legal entity. We’re in favor of this decision, especially since incorporated businesses are able to establish...

byMyCorporation

November 29, 2019

Which Entity Should You Incorporate Your E-Commerce Business As?

You’ve drafted a detailed business plan, identified your unique selling proposition (USP), and defined your business model. It’s almost time to launch your e-commerce business! Before you open your virtual doors and begin taking orders,...

byMyCorporation

September 16, 2019

Bamboo Detroit Co-Founder Shares Tips for Creating an Inspiring Shared Work Culture

It’s not every day people feel excited to lace up their boots and get to work. Well, maybe for entrepreneurs. We’re often inspired to persevere through the good times and the bad. But how do...

byAmanda Lewan

June 17, 2019

7 Fatal (and Common) Mistakes Threatening Your Startup’s Success

Most startups fail. It’s the nature of business—there isn’t enough room for everyone. And as anyone who has founded a successful (or unsuccessful) business can attest, there are about a thousand different ways to crash...

byPatrick Clements

April 3, 2019

Navigating Your First Year of Filing Taxes as an Entrepreneur

If you’re planning to start up a new business this year, you’ll experience tax time as a business owner soon enough. The following tips will help you prepare well in advance. And if you started...

byBruce Hakutizwi

April 3, 2019

Ready to Choose Your Business Structure? Entity Formations and Which One is Right for You

Incorporating is generally one of the best things a business can do to set itself up for success. However, entrepreneurs new to the process might feel overwhelmed by the options when it comes to business...

byMyCorporation

February 20, 2019

Should You Start Your Business with a Partner?

Starting a business is no walk in the park. It requires an inordinate amount of patience and fortitude, not to mention time and money! Deciding to start up with a partner might seem like a...

bySusan Guillory

January 15, 2019

Equity Basics: How Vesting Provides Upside Potential for Team Members and Downside Protection for Your Startup

People make and break businesses. Adding a chief technology officer who turns a founder’s vision into a real product turns a great idea into a functioning business. Hiring a director of sales who secures key...

byJimmie B. Strong

October 25, 2018

How the New Tax Laws Might Affect Your Startup’s Financing

Many entrepreneurs in the U.S. have been keeping up with the recent changes to the tax law, passed at the end of 2017 and championed as a boon for small business. However, if you were...

byBruce Hakutizwi

April 3, 2018

Should You Incorporate Your Business as an LLC for Tax Breaks?

One of the biggest appeals of incorporating as an LLC has long been the ability to save money on taxes. In addition to limited liability protection and building credibility with consumers, forming an LLC allows...

byMyCorporation

March 9, 2018

How to Choose the Right Business Partner [Infographic]

Starting a new business can be the most exciting time of your life. When you’re sitting on a big idea, it’s natural to want to share it. Plus, you’re likely to need a bit support...

byG. John Cole

April 9, 2017

To Incorporate or Not? The Many Small Business Structures

To incorporate, or not? It’s a perennial topic that has plenty of surrounding myths. As with so many things, there isn’t one right answer. Entrepreneurs, especially those who work solo, have choices. There are three...

byAnn Logue

March 30, 2017

Hatching Your Million Dollar Business Idea: The Journey Begins – Stage Two: Exploration

The Journey Begins and Stage Two: Exploration In the last post we shared that each of the five stages of the internal process has three basic components: emotions, cognition and actions. Emotions are all about...

byDaniel Tepke

January 12, 2015