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Study Names State Tax Systems that are Friendly to Businesses

Have you ever wondered if your state’s tax system is business friendly? And how does your state’s tax regime compares with other states? Do you think you’ll be better off if you move your business operations to another state? A new study by a Washington D.C. think tank Tax Foundation examines the role of attractive state business tax climates in the decision of where to locate a business. They’ve created a State Tax Business Climate Index that measures the “tax friendliness to business of each state’s tax system at the beginning of 2004.” It is a comparative measure that can

Entrepreneurship is Growing Around the World

An increasing number of people are going into entrepreneurship around the globe, according to a new report entitled 2004 Global Entrepreneurship Monitor (GEM). Sponsored by Babson College and London Business School, the study finds that 73 million adults out of 566 million total labor force from 34 participating countries are either starting their businesses or managing new businesses that they own.

When a Business Partner Dies or Leaves the Business Partnership

Business Structure, Q & A

Can you have a business partnership with only one person? What happens when one business partner dies or leaves? Read our expert's advice.

Taxes, Taxes, and More Taxes

While the April 15 deadline is still a few months away, it is time to start preparing your taxes (if you haven’t already). Tax time for me was usually a time for cramming, doing everything at the very last minute. I just dread the work that tax preparation entails, even with the help of a tax preparer. Plus, I love to do it at the very last minute – driving my husband bonkers. But this year, I resolved to make tax time easy and painless (hopefully!) for me. I read an article that said that business owners need to be

Presidential Inaugural: What’s Next for Small Businesses?

Being based in the Washington D.C. area, we were right smack in the middle of the inaugural celebrations. Road closures, closed offices, and checkpoints every corner — these were but some of the manifestations of the important historical event. But the question remains, what will the next four years bring to small and home businesses? I hope, as I believe many other small business owners and self-employed, to see lesser taxes, lower health insurance costs, and more assurance that my social security benefits will be there when I retire. Basically, I want more money in my pocket. Many small businesses

Welcome to PowerHomeBiz Blog!

Welcome to the new blog feature of the Powerhomebiz.com site. While we’re a little slow to enter the fun world of blogging, we’ll try to catch up with continuous information, news and other tidbits that home business entrepreneurs may be interested in. I hope you can join me, and the rest of the PowerHomeBiz.com folks, making this blog work for you.

Starting An Import/Export Operation: Products and Source of Information

/guide/cases/nathannach.htm QUESTION ON Starting An Import/Export Operation I would like to start importing products native to my country, the Philippines, Right now, I’m thinking of coconut oil. how do i go about this? I want to find a recipient country where there are the need for this product. Also, i would also like to venture in exporting products that are needed in certain country, preferably third world countries, supplying their needs, like for example if a certain country is looking for supplier for raw products. Where can I get these kind of information? – – Nathaniel Ngo, Philippines ANSWER Advice

How to Transfer a Company’s Contractors License to Another Company

Business Management, Q & A

Can a corporation use the general contractors license of someone and that person not having to be involved with the everyday operations such as pulling permits?

How to Reduce Capital Gains Tax of a C Corporation

Business Structure, Q & A

I own a small C corporation and in the process of selling a plot of land. What can I do to reduce capital gains tax from the C corporation?

How to Add a Partner to an S Corporation

Business Structure, Q & A

I just established an S Corporation and want to add someone as an equal partner/shareholder. How do I add a partner to the S Corporation?

How to Set Salary of Partners in S Corporation

Business Structure, Q & A

I have started an S corporation where my wife is a partner. How can I set salary of partners in an S corporation? What salary compensation should I draw for myself and my wife?

How to Get Advertisers and Sponsorships for Your Web Site

Earn from Ads, Q & A

I am establishing an education-based web site - focused primarily on Canadian education. It will be supported by banner advertising and/or sponsorship of my site. How can I get advertisers for my website?