Starting a business for the first time is not for the faint of heart, even in a stable economy. You face uncertainty at every step of the process—one hurdle after the next, until you eventually you reach a point of exhaustion. So why go on? What drives entrepreneurs to pursue business ownership, despite the hardships?…

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Q. Is an LP the same as an LLP? If not, what are the advantages and disadvantages of each entity? LP stands for Limited Partnership, while LLP stands for Limited Liability Partnership. The two structures are very different from purpose, governance, and legal liability perspectives: Limited Partnership (LP) LPs are commonly used for long-term real…

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Have you ever found yourself putting off a project because it just “wasn’t the right time”? While we can always come up with a reason not to do something, it’s all too easy to keep kicking the can down the road forever, and never actually do anything. There’s no such thing as the “perfect time,”…

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Everybody says to do what you’re passionate about. But what comes first: the business or the passion? GoSmallBiz CEO Fran Tarkenton shares his thoughts on this important concept for every business owner in this video!

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Who are encore entrepreneurs and what is their relationship with small businesses? Encore entrepreneurs are defined as entrepreneurs that are over the age 55, according to the Spring 2021 “The Megaphone of Main Street: Unsung Entrepreneurs” report presented by SCORE. (Previously, the internet might have referred to these entrepreneurs as boomer entrepreneurs.) An encore entrepreneur’s…

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Did you know that Tennessee has over 150,000 small businesses? Small business is booming in the state and now is the time for you to finally take the plunge and start your own business. If you’re wondering about how to start an LLC, what kinds of paperwork your need to complete, and where to begin, we…

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Did you know that here in the Evergreen State there are over half a million small businesses, employing 1.4 million people? Are you thinking about starting a new business? Or have you recently made the leap and joined the ranks of these half a million small businesses?  If so, then you could wonder what kind of…

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Building a business isn’t always smooth sailing. Even when you’ve experienced success, a time will come when you hit the wall. You don’t know what to do. That’s one of the many ways I’ve found entrepreneurship to be like football. As a quarterback, I hit the wall all the time. And when I did, that…

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Over 1 million people are employed by small businesses in Maryland. This is over 50% of the total number of employees in the state. Small businesses are booming and are greatly contributing to the economy in Maryland.  If you’re considering starting your own small business, you may want to form an LLC. An LLC has both tax…

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Did you know there were more than 100,000 new business applications filed in Virginia last year? More and more Virginians are starting their own businesses, as that number was a 21% increase in applications from the previous year. If you’re part of this growing number of entrepreneurs in Virginia, you may be considering an LLC…

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