Episode Details
Back to Episodes7 Pitfalls to Avoid When Choosing Your Business Entity and Name Which Can Cost You
Description
During this show, you will discover …
How your choice of company name can sometimes be the difference between getting business funding… or not
How the IRS treats sole proprietorships, partnerships, and types of corporations …
… and how they tax these entities
Plus how those entities fare when they are (often inevitably) sued
How shares are divided up and who owns what in a partnership, an LLC, and more
How the choice of your company's name matters
Why a too-generic name turns off your potential customers
How mashed-up and misspelled names look amateurish
Why some made up company names work, and others fail miserably
How your company name can flag you as being in a high risk industry …
… and you can lose out on funding that way
… and how you can fix that
Why considering what your business's name looks like as a URL matters to future customers and when it comes to building company legitimacy which lenders like
And much more...