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		<title>LegalZoom - Small Business Resources</title>
		<link>http://businessresources.legalzoom.com</link>
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				<pubDate>Tue, 24 Nov 2015 10:03:00 -0800</pubDate>
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			<title>Turning a Dream into a Kingdom: The Walt Disney Story</title>
			<link>http://businessresources.legalzoom.com/article-center/article/-turning-a-dream-into-a-kingdom-the-walt-disney-story</link>
			<comments>http://businessresources.legalzoom.com/article-center/article/-turning-a-dream-into-a-kingdom-the-walt-disney-story#comments</comments>
			<pubDate>Tue, 24 Nov 2015 10:03:00 -0800</pubDate>
			<dc:creator>Steven Chic</dc:creator>
						<category><![CDATA[Success Stories]]></category>
						
			<guid>http://businessresources.legalzoom.com/article-center/article/-turning-a-dream-into-a-kingdom-the-walt-disney-story</guid>
			<description><![CDATA[
<p>by&nbsp;<a href="https://www.legalzoom.com/authors/heleigh-bostwick">Heleigh Bostwick</a>&nbsp;<br>Marketing Communications Specialist<br>Jun&nbsp;2009</p>
<p>The Walt Disney Company, founded by Walter Elias Disney and his brother Roy in 1923, is perhaps the world's most recognized brand. With more than $30 billion in annual sales, it's also the world's largest media company. Disney's num...</p>
<p class="blog-read-more"><a href="/article-center/article/-turning-a-dream-into-a-kingdom-the-walt-disney-story">Read more</a>]]></description>
			<content:encoded><![CDATA[<p>by&nbsp;<a href="https://www.legalzoom.com/authors/heleigh-bostwick">Heleigh Bostwick</a>&nbsp;<br />Marketing Communications Specialist<br />Jun&nbsp;2009</p>
<p>The Walt Disney Company, founded by Walter Elias Disney and his brother Roy in 1923, is perhaps the world's most recognized brand. With more than $30 billion in annual sales, it's also the world's largest media company. Disney's numerous innovations include animated cartoons with synchronized sound tracks, the first full-length animated feature film, and theme parks such as Disneyland, Disney World, and Epcot Center.&nbsp;</p>
<p>Walt Disney's story of success is one that many entrepreneurs can relate to and often strive to replicate. As Disney said, "Always remember that this whole thing was started with a dream and a mouse." Here's how he turned his dream into a kingdom.&nbsp;</p>
<h2>The Dream&nbsp;</h2>
<p>Disney started drawing during his childhood to escape a less than idyllic home life. He joined the Red Cross Ambulance Corps at the age of 16 and was stationed in France. When he returned, he moved to Kansas City to begin his career as an artist. While working at Kansas City Film Ad Company, Disney became interested in animation and decided to open his own animation company.&nbsp;</p>
<h2>Perseverance&nbsp;</h2>
<p>The company failed due to Disney's inability to manage the finances, but Disney persevered, continuing to believe in himself and in his dream. He teamed up with his brother, who took care of the financial side of the business and the two moved to Hollywood to found Disney Brothers' Studio.&nbsp;</p>
<p>But there would still be stumbling blocks. The studio created the popular Oswald the Lucky Rabbit cartoon character for Universal, but when Disney requested an increase in budget, producer Charles B. Mintz instead hired away most of Disney's animators and took over production of the cartoon in his own studio. Universal owned the character's trademark, so there was little Disney could do.&nbsp;</p>
<p>After the Oswald fiasco, Disney set about creating a new cartoon character to replace Oswald. That character became one of the most recognizable symbols in the world: Mickey Mouse.&nbsp;</p>
<h2>Taking a Risk&nbsp;</h2>
<p>After the success of Mickey Mouse, Disney released his first animated feature film, Snow White and the Seven Dwarfs, in 1937. It was a risky move for Disney. Three years in the making and shot entirely in Technicolor, which at the time was a new, expensive technology, Snow White was regarded by many as a foolish mistake.&nbsp;</p>
<p>Disney believed in his film and even sought a loan to complete production when the studio ran out of money. The gamble paid off, Snow White became the most successful film of 1938, and Disney never looked back.&nbsp;</p>
<h2>Marketing&nbsp;</h2>
<p>Much of what Disney sold was the concept of the happy family and an idyllic life. It provided an escape from the drudgery of everyday hustle along with good, clean, family entertainment. Throughout his life, Disney never missed an opportunity to market the Walt Disney Company whether it was through cartoons, animated feature films, the company logo, promotional merchandise, or eventually the mega theme parks that attract millions of visitors every year.&nbsp;</p>
<h2>The Rewards&nbsp;</h2>
<p>Walt Disney died on December 15, 1966, living long enough to see Disneyland, his first theme park, open in Anaheim, CA, in 1955, but before the "Magic Kingdom" at Walt Disney World, opened in Orlando, FL, in 1971.&nbsp;</p>
<p>The Disney Company went on to open Epcot Center in 1982 and several other theme parks, including Paris's Euro Disney in 1992 and Hong Kong Disneyland in 2005. The Walt Disney Family Museum is scheduled to open in Fall 2009.&nbsp;</p>
<p>Today, The Walt Disney Company is the largest media and entertainment company in the world and owns ABC and ESPN in addition to Disney Studios and theme parks.&nbsp;</p>
<p><em>This portion of the site is for informational purposes only. The content is not legal advice. The statements and opinions are the expression of author, not LegalZoom, and have not been evaluated by LegalZoom for accuracy, completeness, or changes in the law.</em></p>]]></content:encoded>
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			<title>Five low glamour high profit businesses</title>
			<link>http://businessresources.legalzoom.com/article-center/article/-five-low-glamour-high-profit-businesses</link>
			<comments>http://businessresources.legalzoom.com/article-center/article/-five-low-glamour-high-profit-businesses#comments</comments>
			<pubDate>Tue, 24 Nov 2015 10:01:00 -0800</pubDate>
			<dc:creator>Steven Chic</dc:creator>
						<category><![CDATA[Success Stories]]></category>
						
			<guid>http://businessresources.legalzoom.com/article-center/article/-five-low-glamour-high-profit-businesses</guid>
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<p>by&nbsp;<a href="https://www.legalzoom.com/authors/beverly-rice">Beverly Rice</a>&nbsp; <br>Dec&nbsp;2009</p>
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<p>Office life just doesn't work for some people. So what keeps countless Americans in jobs they hate instead of at the helm of businesses they love? Most of the time, it's the fear of leaving a secure paycheck for an uncertain future. But what these would-be entre...</p></div></div></div></div>
<p class="blog-read-more"><a href="/article-center/article/-five-low-glamour-high-profit-businesses">Read more</a>]]></description>
			<content:encoded><![CDATA[<p>by&nbsp;<a href="https://www.legalzoom.com/authors/beverly-rice">Beverly Rice</a>&nbsp; <br />Dec&nbsp;2009</p>
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<p>Office life just doesn't work for some people. So what keeps countless Americans in jobs they hate instead of at the helm of businesses they love? Most of the time, it's the fear of leaving a secure paycheck for an uncertain future. But what these would-be entrepreneurs don't realize is that there are some low-risk business options out there that don't require a six-figure investment. For those who are ready to ditch their 9-5 jobs, franchises offer a tested and affordable business model. In fact, many franchises can be started for less than&nbsp;$50,000.</p>
<h2>Dry Cleaning&nbsp;Gopher</h2>
<p>Keep former office mates looking dapper by owning PRESSED4TIME, a mobile dry cleaning service. With this business, all you need to do is pick up and deliver dry cleaning and shoes for repair from businesses and office buildings. A local plant does the dry cleaning; a repair shop fixes the shoes. Your job is simply to acquire customers and pick up and deliver their&nbsp;clothes.</p>
<p>The investment costs for PRESSED4TIME range from $20,000 to $30,000 with a $21,000 franchise fee. You can keep overhead costs low by working from home. You can go solo with one van or acquire additional vans and staff to expand your business. No previous dry cleaning experience is needed; the PRESSED4TIME home office provides training, arrangements with a local dry cleaning plant, and is available for ongoing advice and&nbsp;assistance.</p>
<h2>Mobile Pet&nbsp;Groomer</h2>
<p>Animal lovers should check out the Hydro-Groom Mobile Pet Wash franchise. With dogs and cats in 60 percent of U.S. households, there is no shortage of four-footed clients in need of grooming. This service is in especially high demand for busy families, senior citizens, and people who are housebound due to illness or a&nbsp;handicap.</p>
<p>The Hydro-Groom mobile unit is a small trailer that is hitched to your personal vehicle. The unit contains all necessary equipment for grooming and washing pets. No grooming experience? No problem. Hydro-Groom provides comprehensive on-site/on-the-job training for all new franchisees and 24/7 support to help you grow your&nbsp;business.</p>
<p>Investment costs for Hydro-Groom run from $15,000-$37,000 and you can run a single or multi-unit operation. Your income level depends on your ability to obtain and retain customers and how well you can keep their furry friends looking&nbsp;great.</p>
<h2>ACE/Security&nbsp;Laminates</h2>
<p>Crime can pay&mdash;especially if your business involves protecting homes and offices from the bad guys. ACE/Security Laminates is the world leader in security window laminate protection and safety window film. ACE/Security Laminates' protective coatings make glass more resistant to rocks, sledgehammers, baseball bats, and even a bomb blast with over 2500 pounds of&nbsp;explosives.</p>
<p>With rising crime rates and the threat of terrorism, this business can be quite lucrative for a dedicated and determined entrepreneur. Dealership packages start at $25,000; investment costs scale up according to the size of your territory. New owners receive equipment and training as well as ongoing support from company&nbsp;headquarters.</p>
<h2>SpanishFUN</h2>
<p>&Agrave;Habla espa&ndash;ol? Like to teach? You may want to consider a SpanishFUN franchise. SpanishFUN is a teaching franchise offering children ages 2-10 introductory second language skills with activities in a relaxed and entertaining atmosphere. Your customer base includes individual kids, youth groups, pre-schools, and childcare centers. Given that Latinos are the fastest growing group in the U.S., fluency in Spanish will be vital to anyone entering the working&nbsp;world.</p>
<p>The best part is that SpanishFUN is one of the more affordable businesses to start. Investment costs run about $12,500 and include an exclusive territory, teaching aids, and in-home training. Classes can be taught in your home or on location. You don't have to be fluent in Spanish to own the business either. You can work alone or hire additional instructors to increase your ability to grow the&nbsp;business.</p>
<h2>You can leave your office job&nbsp;behind</h2>
<p>With some courage and a modest cash investment, you too can leave your cubicle behind. If you're serious about going into business for yourself but don't know where or how to begin, franchises may offer the perfect opportunity to unleash your inner entrepreneur. To find a franchise opportunity that fits your needs, the International Franchise Association is a great place to start. You may also want to attend a trade show such as the West Coast Franchise Expo and the International Franchise Expo in Washington D.C. for more information on how to start your own&nbsp;franchise.</p>
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<div id="article-disclaimer">
<p>This portion of the site is for informational purposes only. The content is not legal advice. The statements and opinions are the expression of author, not LegalZoom, and have not been evaluated by LegalZoom for accuracy, completeness, or changes in the&nbsp;law.</p>
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			<title>Why Press Releases Are More Important than Ever</title>
			<link>http://businessresources.legalzoom.com/article-center/article/-why-press-releases-are-more-important-than-ever</link>
			<comments>http://businessresources.legalzoom.com/article-center/article/-why-press-releases-are-more-important-than-ever#comments</comments>
			<pubDate>Tue, 24 Nov 2015 09:59:00 -0800</pubDate>
			<dc:creator>Steven Chic</dc:creator>
						<category><![CDATA[Marketing Your Business]]></category>
						
			<guid>http://businessresources.legalzoom.com/article-center/article/-why-press-releases-are-more-important-than-ever</guid>
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<p>by&nbsp;<a href="https://www.legalzoom.com/authors/miranda-tan">Miranda Tan</a>&nbsp;<br>CEO and Founder, MyPRGenie &nbsp;<br>Sep&nbsp;2012</p>
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<p>Social media has changed how people communicate around the globe. It's led political revolutions and even created pop culture phenomena. As businesses scramble to figure out how to harness the power of social media to reach new audiences...</p></div></div></div>
<p class="blog-read-more"><a href="/article-center/article/-why-press-releases-are-more-important-than-ever">Read more</a>]]></description>
			<content:encoded><![CDATA[<p>by&nbsp;<a href="https://www.legalzoom.com/authors/miranda-tan">Miranda Tan</a>&nbsp;<br />CEO and Founder, MyPRGenie &nbsp;<br />Sep&nbsp;2012</p>
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<p>Social media has changed how people communicate around the globe. It's led political revolutions and even created pop culture phenomena. As businesses scramble to figure out how to harness the power of social media to reach new audiences, a familiar marketing tool&mdash;the press release&mdash;has now gained fresh purpose. Press releases have become a vital tool and more important than ever in successfully promoting your company. Find out how you can leverage press releases and specific content to help investors, customers, potential employees and other target groups learn more about your&nbsp;company.</p>
<h2>The New Face of Public&nbsp;Relations</h2>
<p>Both large and small companies in every industry are now using social media as an integral part of their public relations and marketing needs. As social media continues to replace the traditional channels of brand promotion and communication, public relations has become synonymous with social media&nbsp;marketing.</p>
<p>For most businesses, public relations and social media marketing provide a solid foundation and baseline for brand awareness and general marketing campaigns. Before the advent of social media, companies had to go through a long and arduous process of contacting journalists who acted as gatekeepers. However, with social media, press releases are&nbsp;now:&nbsp;</p>
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<li>Key search engine optimization (SEO) tools that help investors, customers, potential employees and other target groups learn about and discover companies online;</li>
<li>Permanent parts of a company's public record, findable and downloadable for the foreseeable future; and</li>
<li>Direct communications tools that can deliver unfiltered messages to the masses.</li>
</ol>
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<h2>Why Press Releases Are More Important Than&nbsp;Ever</h2>
<p>Press releases have changed a lot over the years, especially since businesses have realized the importance of online marketing. But to use a press release effectively, there are some strategies. Here are some of the main reasons press releases have become so&nbsp;important:</p>
<ul>
<li><strong>Announcing a new product or service.</strong>&nbsp;If you want to announce a new product or service, you can draft a press release and immediately get your news found on all major search engines and social media networks by using a press release distribution service. This also enables you to target thousands of journalists.</li>
<li><strong>Improving brand image.</strong>&nbsp;Because it has become so easy to publish and distribute a press release, companies can easily send out as many press releases as they want. Publishing more press releases more often is a good way to improve your brand's image.</li>
<li><strong>Images help drive interest.</strong>&nbsp;Press releases now include images, videos and other multimedia, which means you can convey your message and news stories in more interesting ways than ever before.</li>
<li><strong>Instant world-wide distribution</strong>.&nbsp;Before online press releases had became common, most press releases were sent only to journalists. If not deemed worthy of press mention, they lived in a binder, on someone's desk or in a building lobby. Now a press release can be distributed to millions of people around the world instantly through email and social media.</li>
<li><strong>Expanding public knowledge.</strong>&nbsp;By adding links to other Web pages within a press release, companies can direct readers to even more information about what they do.</li>
<li><strong>Viral possibilities.&nbsp;</strong>An online press release can go viral if people start sharing it over social media networks, thereby creating a buzz that was never possible with traditional press releases.</li>
<li><strong>Portability and convenience.&nbsp;</strong>People can read a press release anywhere on the Web or on their smartphones.</li>
<li><strong>Search engine optimization.&nbsp;</strong>By using specific keywords relating to your business, you can optimize your press release so people can easily access your company information through search engine use.</li>
</ul>
<p>&nbsp;</p>
<p>These are just a few tips to make the most of your press releases. Learn more ways to<a href="http://blog.myprgenie.com/">promote your company</a>&nbsp;and access&nbsp;<a href="http://www.myprgenie.com/white-paper">more advantageous tips</a>&nbsp;as your social marketing strategy grows. Remember, the best way to ensure success is to create a plan, get started as soon as possible, and keep your press releases&nbsp;fresh.</p>
<p><a href="http://www.myprgenie.com/pages/legalzoom">MyPRGenie</a>&nbsp;is a next-generation, cloud-based, PR and social media marketing platform. To sign up now for your FREE MyPRGenie Basic ($179 value) package and start promoting your company, go to:&nbsp;www.myprgenie.com/pages/legalzoom.</p>
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</div>
<div id="article-disclaimer">
<p>This portion of the site is for informational purposes only. The content is not legal advice. The statements and opinions are the expression of author, not LegalZoom, and have not been evaluated by LegalZoom for accuracy, completeness, or changes in the&nbsp;law.</p>
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			<title>Top Tips to making your Business look Bigger</title>
			<link>http://businessresources.legalzoom.com/article-center/article/-top-tips-to-making-your-business-look-bigger</link>
			<comments>http://businessresources.legalzoom.com/article-center/article/-top-tips-to-making-your-business-look-bigger#comments</comments>
			<pubDate>Tue, 24 Nov 2015 09:58:00 -0800</pubDate>
			<dc:creator>Steven Chic</dc:creator>
						<category><![CDATA[Marketing Your Business]]></category>
						
			<guid>http://businessresources.legalzoom.com/article-center/article/-top-tips-to-making-your-business-look-bigger</guid>
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<p>Just because you have a small business doesn't mean you can't compete against the "big boys." Leaving a home or small office sometimes is unavoidable, as overhead in a larger location can be pricey. However, there are many cost efficient ways to make your company look bigger, and you don't h...</p></div></div></div></div>
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<p>Just because you have a small business doesn't mean you can't compete against the "big boys." Leaving a home or small office sometimes is unavoidable, as overhead in a larger location can be pricey. However, there are many cost efficient ways to make your company look bigger, and you don't have to break the bank while doing so. The five tips below will help transform your small business into a larger, prominent corporation, without leaving the comfort of your small business&nbsp;surroundings.</p>
<h2>Tip 1: Create a Professional&nbsp;Logo</h2>
<p>Your company's logo is the main representation of your company and does not have to scream out "small business." Your logo is the first impression the outside world will see, and a professional logo will not only lend your business credibility;it will be seen by those who many never enter your small business environment and can give your customers a "big business" feeling. This is usually done through custom logo design, but don't think you need a full-service agency that charges big bucks. There are numerous freelance graphic designers who have the skills needed to create a first-class logo at half the cost of agency&nbsp;services.</p>
<h2>Tip 2: Create a Professional Web&nbsp;Site</h2>
<p>A Web presence is critical in business today, and a professional-looking Web site will attract new customers and keep old ones coming back. And, there are many freelance Web designers who will create a savvy, professional site at an affordable price.&nbsp;</p>
<p>Although it is important to have a Web site that is aesthetically pleasing, grammatically correct, and updated regularly, making your company look bigger virtually goes beyond the overall design of your site. One way to make your business look bigger is investing in your own domain name (i.e., Mycompany.com versus<a href="mailto:Mycompany@yahoo.com">Mycompany@yahoo.com</a>). Having your own domain name will also personalize your email, having it as&nbsp;<a href="mailto:jdoe@mycompany.com">jdoe@mycompany.com</a>&nbsp;versus&nbsp;<a href="mailto:jdoe@yahoo.com">jdoe@yahoo.com</a>. This offers credibility to your company and the products you are selling, and it makes it easier for customers to find you when searching the World Wide&nbsp;Web.</p>
<h2>Tip 3: Develop Professional Print&nbsp;Publications</h2>
<p>Like your Web site, your print materials should also be top-notch and, again, this does not have to cost a fortune. Simple tactics like using heavy paper or card stock, or glossy paper instead of matte, can make a two-color print job look like a high-quality print job. Also, like the logo and Web site discussions above, if you cannot afford an advertising agency's design services, you may be able to find a freelance designer who will design a marketing package for half the cost. In addition, you can save money by having the designer send you the final project file then printing it in-house on a higher quality color printer or color&nbsp;copier.</p>
<h2>Tip 4: Get Technologically&nbsp;Savvy</h2>
<p>There are little technological "tricks of the trade" that can make your business seem much larger than it is. Little things like having a big city phone number forwarded to your home, setting up a professional voice message system, or having a Post Office Box instead of a home address will give your company the image of a large corporation. For example, for a monthly fee, a home-based business in New Jersey can rent a Manhattan phone number and have the calls forwarded to the home-based office. In addition, a Post Office box can be rented through the U.S. Postal Service or another mailing house. A P.O. box seems more professional and adds credibility to a home office than a standard street address, and is affordable for smaller&nbsp;corporations.</p>
<h2>Tip 5: "Borrow" Office&nbsp;Space</h2>
<p>Many small business owners either work out of the home or a one- to two-room office, which isn't conducive for larger business meetings and presentations. But, you can still have meetings with potential investors, vendors, or customers in a high-class meeting room by renting rooms in hotels or in local office buildings. Many hotels will provide lunch at an affordable price, and some office buildings will rent unused rooms by the hour or by the day. Or, you can rent a meeting room for a specified amount of hours a month for ongoing meetings and presentations. Renting a formal executive suite can give your company a professional appearance and make your business seem bigger than it is, allowing for a&nbsp;temporary solution to spending big bucks on your own luxury meeting&nbsp;facility.</p>
<p>Using some of the above tips will help boost your small business appearance, while saving money and still allowing you to work from home, in your one-room office or in that corner office. But, the outside world will see your company as the next Fortune 500 business.&nbsp;</p>
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<div id="article-disclaimer">
<p><em>This portion of the site is for informational purposes only. The content is not legal advice. The statements and opinions are the expression of author, not LegalZoom, and have not been evaluated by LegalZoom for accuracy, completeness, or changes in the&nbsp;law.</em></p>
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			<title>How to Avoid a Tax Audit: 7 Tips for Small Business Owners</title>
			<link>http://businessresources.legalzoom.com/article-center/article/-how-to-avoid-a-tax-audit-7-tips-for-small-business-owners</link>
			<comments>http://businessresources.legalzoom.com/article-center/article/-how-to-avoid-a-tax-audit-7-tips-for-small-business-owners#comments</comments>
			<pubDate>Tue, 24 Nov 2015 09:56:00 -0800</pubDate>
			<dc:creator>Steven Chic</dc:creator>
						<category><![CDATA[Managing Your Business]]></category>
						
			<guid>http://businessresources.legalzoom.com/article-center/article/-how-to-avoid-a-tax-audit-7-tips-for-small-business-owners</guid>
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<p>The nightmare goes something like this: you&rsquo;re busy at work when a stone-faced man with a dark suit and a big briefcase appears in the doorway. He is an IRS agent and he has come to audit you. He wants to see all your receipts for the last five years. He wants to have a look at your home off...</p></div></div></div>
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<p>The nightmare goes something like this: you&rsquo;re busy at work when a stone-faced man with a dark suit and a big briefcase appears in the doorway. He is an IRS agent and he has come to audit you. He wants to see all your receipts for the last five years. He wants to have a look at your home office. He wants all of this&nbsp;now.</p>
<p>You start to tremble. You don&rsquo;t exactly have receipts for everything. Your unemployed son has been living in the &ldquo;home office&rdquo; for the past few months. You might have forgotten to report some of your income. And you can tell by looking at this guy that he&rsquo;d love nothing better than to arrest you for tax&nbsp;evasion.</p>
<p>Fortunately, the nightmare is more fantasy than reality. Only a tiny fraction of small businesses get audited. And when they do, they usually receive a letter&mdash;not a visit&mdash;from the IRS asking for more documentation to clear up a&nbsp;discrepancy.</p>
<p>Still, no&nbsp;small business owner&nbsp;wants an audit. Here are some small business tips onhow to avoid a tax audit&nbsp;and deal with one if it does&nbsp;happen.</p>
<h2>1. Check your&nbsp;numbers.</h2>
<p>When someone issues you a tax form that reports income, such as a 1099, they also report that information to the IRS. The IRS will expect the numbers on your tax return to match what they&rsquo;ve received from third parties. If there&rsquo;s a discrepancy, the IRS will issue you a notice or could audit your&nbsp;return.</p>
<p>Your tax return can also attract unwanted attention if the numbers simply don&rsquo;t add up. Mistakes are easy to make, so double-check any information you put on your return, and also check your math. Consider having an accountant prepare your return or use tax preparation software that will do the math for&nbsp;you.</p>
<h2>2. Don&rsquo;t report a loss every&nbsp;year.</h2>
<p>If you report a net loss in more than two out of five years, you&rsquo;re a likely candidate for a&nbsp;tax audit. And chances are, the IRS may determine that your business is a hobby and disallow all your business expense&nbsp;deductions.</p>
<h2>3. Keep good records and report income and expenses&nbsp;accurately.</h2>
<p>You&rsquo;ll minimize your risk of an audit if you keep all your business income and expenses in a business bank account and retain your business expense receipts. Not only will this make it easier to prepare your tax return, you&rsquo;ll have what you need to support your return if you ever were&nbsp;audited.</p>
<p>On the other hand, you increase your audit risk when you try to hide income or overstate your expenses. And while it&rsquo;s fine to round numbers to the nearest dollar, rounding to tens or hundreds can give the IRS the impression that you&rsquo;re just making up&nbsp;numbers.</p>
<h2>4. Don&rsquo;t pay overly high salaries to employees who are&nbsp;shareholders.</h2>
<p>If you have a C corporation, paying your executives a high salary can be a way to minimize corporate profits and therefore pay lower taxes. For this reason, unusually high salaries may open your tax return to scrutiny. Know what a reasonable salary range is for your industry, and don&rsquo;t exceed&nbsp;it.</p>
<h2>5. Be careful of independent&nbsp;contractors.</h2>
<p>Businesses are more likely to get audited if they have a high ratio of independent contractors to employees, because using independent contractors can be a way to avoid paying payroll taxes. The IRS has clear guidelines on who can be an independent contractor and who must be classified as an employee. Make sure you know and follow the rules, and when in doubt, get&nbsp;small business advice&nbsp;from a tax lawyer or&nbsp;accountant.</p>
<h2>6. Only claim a home office if you can legitimately take the&nbsp;deduction.</h2>
<p>Home offices have a bad reputation as red flags for tax audits, but these days you can safely take a home office deduction if your space legitimately qualifies. For most people, this means that the home office must be a separate room that&rsquo;s used exclusively for business&mdash;a desk in the corner of the living room won&rsquo;t work. However, a home office can still create an audit risk if you have large expenses for maintenance or utilities, or you claim a home office and also rent office space&nbsp;elsewhere.</p>
<h2>7. Pay your estimated small business&nbsp;taxes.</h2>
<p>If you expect to owe at least $500 in taxes for your business entity&nbsp;at the end of the year, you should be making quarterly estimated tax payments. Failing to make these payments can result in penalties and can put you at greater risk for an&nbsp;audit.</p>
<p>If you keep good records and are honest on your tax return, you don&rsquo;t need to fear a tax audit. But if you&rsquo;re unsure of the income you should report and the deductions you&rsquo;re allowed to take, it&rsquo;s always a good idea to seek&nbsp;tax advice&nbsp;from an&nbsp;accountant.</p>
<p>Should you have tax questions or need tax advice, you can&nbsp;<a href="https://www.legalzoom.com/attorneys-lawyers/legal-plans/" target="_blank">consult with independent tax professionals</a>&nbsp;through the LegalZoom business and personal legal&nbsp;plans.</p>
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<div id="article-disclaimer">
<p><em>This portion of the site is for informational purposes only. The content is not legal advice. The statements and opinions are the expression of author, not LegalZoom, and have not been evaluated by LegalZoom for accuracy, completeness, or changes in the&nbsp;law.</em></p>
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			<title>Insuring Your Business: 5 Questions and Answers About Business Insurance</title>
			<link>http://businessresources.legalzoom.com/article-center/article/-insuring-your-business-5-questions-and-answers-about-business-insurance</link>
			<comments>http://businessresources.legalzoom.com/article-center/article/-insuring-your-business-5-questions-and-answers-about-business-insurance#comments</comments>
			<pubDate>Tue, 24 Nov 2015 09:54:00 -0800</pubDate>
			<dc:creator>Steven Chic</dc:creator>
						<category><![CDATA[Managing Your Business]]></category>
						
			<guid>http://businessresources.legalzoom.com/article-center/article/-insuring-your-business-5-questions-and-answers-about-business-insurance</guid>
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<p>Fires and car accidents happen; people slip, fall, get sick, and even die. And all of these things can occur in your business. This is why all businesses, whether they are one-person operations or multimillion dollar corporations, need business&nbsp;insurance.</p>
<p>Here are answers to five of the most...</p></div></div></div>
<p class="blog-read-more"><a href="/article-center/article/-insuring-your-business-5-questions-and-answers-about-business-insurance">Read more</a>]]></description>
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<p>Fires and car accidents happen; people slip, fall, get sick, and even die. And all of these things can occur in your business. This is why all businesses, whether they are one-person operations or multimillion dollar corporations, need business&nbsp;insurance.</p>
<p>Here are answers to five of the most frequently asked questions about business insurance to help you choose the best coverage and policies for you and your&nbsp;enterprise.</p>
<h2>1. What Is Business&nbsp;Insurance?</h2>
<p>The term "business insurance" encompasses all the different types of coverage available to protect business owners from losses. Through business insurance, you can cover your property and business vehicles, insure against legal claims against the business such as liability or workers' compensation, and also provide health insurance for your employees, among other&nbsp;things.</p>
<h2>2. Why Do I Need Business&nbsp;Insurance?</h2>
<p>Even if you don't think your business has enough assets to be sued, or if you believe because your business in incorporated, you're shielded from personal liability through the so-called "corporate veil," you still need business insurance.&nbsp;Why?</p>
<p>Because absolutely anyone can be sued, judgments can be collected through wage garnishments and bank account seizures, and even corporate veils can be pierced under certain circumstances; indeed, the smaller your business is, the more likely that you can be held personally liable for debts through your personal&nbsp;assets.</p>
<p>Your business needs business insurance because of the many risks and potential threats to its successful and continued operation; good, tailored business insurance policies can help protect you and your venture as much as&nbsp;possible.</p>
<h2>3. What Types of Business Insurance Are&nbsp;Available?</h2>
<p>The main types of business insurance you should consider&nbsp;include:</p>
<ul>
<li><strong>Property and Casualty Insurance</strong>:&nbsp;Property insurance covers the physical location of the business (even if it is rented or leased) and its contents from things like fire, theft, flood, and earthquakes&mdash;although read the terms carefully to make sure they include everything you need. Casualty insurance, on the other hand, covers the operation of the business, but the two are usually grouped together in policies.</li>
<li><strong>Commercial Auto Insurance:</strong>&nbsp;Commercial auto insurance covers your business for loss or damage to vehicles used by your business and for damage to others caused by your business vehicles. Note that vehicles used for business are not covered under your personal auto insurance policy even if a vehicle is used for both business and personal purposes.</li>
<li><strong>Liability Insurance:</strong>&nbsp;Liability insurance covers you in the event someone sues you for negligence, which can occur, for instance, if someone falls on your property.</li>
<li><strong>Product Liability Insurance:</strong>&nbsp;Product liability insurance covers your business for damages caused by a product designed, supplied, or manufactured by your business.</li>
<li><strong>Business Interruption Insurance:&nbsp;</strong>Business interruption insurance can make up for lost cash flow and profits incurred because of an event that has interrupted your normal business operations.</li>
<li><strong>Health Insurance:</strong>&nbsp;Health insurance provides health coverage for you and your employees.</li>
<li><strong>Life and Disability Insurance:</strong>&nbsp;Life and disability insurance covers your business in the event of the death or disability of key owners, partners, or employees.</li>
<li><strong>Workers' Compensation Insurance:</strong>&nbsp;If you have employees, you must, by law, participate in workers' compensation programs; workers' compensation insurance covers employees if they are injured on the job.</li>
</ul>
<h2>4. Can I Get a Policy that Combines Different Types of&nbsp;Insurance?</h2>
<p>Yes. A business owner's policy (BOP), often appropriate for small to medium-sized businesses, usually includes property, casualty, liability, and business interruption coverage; you're likely to pay less expensive premiums with a package deal instead of buying the policies&nbsp;separately.</p>
<p>Other choices are the home office policy, which combines homeowner's and business insurance, and a "business pursuits" endorsement to your homeowner's policy, which provides the least&nbsp;protection.</p>
<h2>5. How Do I Buy Business&nbsp;Insurance?</h2>
<p>In order to buy business insurance, you will go through an insurance professional, either a broker (usually for larger companies) or an agent&mdash;and you should choose carefully. Recommendations from your local chamber of commerce or other businesspeople you trust should certainly be&nbsp;welcome.</p>
<p>The best way for you to prepare to make an informed decision about choosing an insurance professional is to know exactly what your business does (and doesn't do) as well as its future direction; then find out a bit about the types of coverage you think might be helpful in your line of work before going and talking to your insurance&nbsp;professional.</p>
<p>Choose an insurance professional who is licensed and doesn't have a record of ethical or administrative discipline procedures, and make sure he or she understands your type of business and the risks it incurs. Then be ready to have an open and forthcoming dialogue about what you want insurance to&nbsp;cover.</p>
<p>Check out LegalZoom's&nbsp;<a href="http://businessresources.legalzoom.com/offers/insurance-security/insurance" target="_new">Business Resource Network</a>&nbsp;to get quotes from trusted insurance&nbsp;partners.</p>
<p>More info: Gregory Boop's&nbsp;<a href="http://businessinsure.about.com/" target="_new">About.com Guide to Business Insurance</a>&nbsp;</p>
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<div id="article-disclaimer">
<p><em>This portion of the site is for informational purposes only. The content is not legal advice. The statements and opinions are the expression of author, not LegalZoom, and have not been evaluated by LegalZoom for accuracy, completeness, or changes in the&nbsp;law.</em></p>
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			<title>Top Ten Small Business Owners Under 16</title>
			<link>http://businessresources.legalzoom.com/article-center/article/-top-ten-small-business-owners-under-16</link>
			<comments>http://businessresources.legalzoom.com/article-center/article/-top-ten-small-business-owners-under-16#comments</comments>
			<pubDate>Tue, 24 Nov 2015 09:51:00 -0800</pubDate>
			<dc:creator>Steven Chic</dc:creator>
						<category><![CDATA[Success Stories]]></category>
						
			<guid>http://businessresources.legalzoom.com/article-center/article/-top-ten-small-business-owners-under-16</guid>
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<p>If necessity is the mother of invention, she has spawned some very young inventors. The following entrepreneurs took advantage of childhood to solve pint-sized problems and fatten their piggy&nbsp;banks.</p>
<p><strong>Jacob Dunnack&nbsp;</strong>developed the&nbsp;JD Batball&nbsp;at age six. Jacob was frustrated when he'd rememb...</p></div></div></div></div>
<p class="blog-read-more"><a href="/article-center/article/-top-ten-small-business-owners-under-16">Read more</a>]]></description>
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<p>If necessity is the mother of invention, she has spawned some very young inventors. The following entrepreneurs took advantage of childhood to solve pint-sized problems and fatten their piggy&nbsp;banks.</p>
<p><strong>Jacob Dunnack&nbsp;</strong>developed the&nbsp;JD Batball&nbsp;at age six. Jacob was frustrated when he'd remembered his bat but forgotten his ball during a visit to his grandmother's home. To prevent future mishaps, Jacob came up with the idea for a plastic baseball bat with a removable cap for storing balls. Jacob and his parents went to a designer to submit the idea to Toys "R" Us. The toy megastore liked Jacob's idea so much they started carrying the product. Now, that's one idea that definitely turned into a grand&nbsp;slam.</p>
<p><strong>Krysta Morlan's</strong>&nbsp;experience with her own cerebral palsy pushed her to invent the portable&nbsp;Cast Cooler&nbsp;in tenth grade. Several surgeries had left Krysta trapped in hot, uncomfortable casts. Krysta's solution: the&nbsp;Cast Cooler, a battery-powered machine that funnels cool air into a cast via a plastic&nbsp;tube.</p>
<p>And, she has already developed a second invention, although Krysta has yet to even graduate high school. Prompted by months of tedious physical therapy in a swimming pool, Krysta created the&nbsp;Waterbike. It is semi-submerged, fin-powered, and has a rudder for steering. This idea definitely didn't sink since the bike can be used for therapy or&nbsp;fun.</p>
<p><strong>K-K Gregory</strong>&nbsp;has also sought to make life a little more pleasant. At the ripe age of ten, she invented&nbsp;Wristies&uml; to keep freezing snow out of her coat sleeves. K-K's&nbsp;Wristiescan be worn under mittens or gloves. Fingers are free and cuffs stay dry. Her samples were such a hit with her Girl Scout Troop that she brought her design to a patent attorney. The result? Nine years in business and going&nbsp;strong.</p>
<p><strong>Adam Cohen</strong>&nbsp;is another born problem solver. In the fifth grade, he invented an alarm clock to wake him up with a pre-recorded message. By age twelve, his bedroom had become a laboratory stacked with his award-winning inventions. One invention was a nanoscale patterning technique using an electrochemical scanning tunneling microscope (STM) resulting in an&nbsp;Electrochemical paintbrush.&nbsp;Needless to say, Adam was not your average teenager. He became a Harvard student. With over 200 ideas pending, he hasn't slowed down on the&nbsp;inventions.</p>
<p><strong>Richie Stachowski</strong>&nbsp;was both a corporate founder and a president by age 13. His product,&nbsp;Water Talkies,&trade;&nbsp;reaps about a half-million annually. At age eleven, Richie was snorkeling on a Hawaiian vacation. Frustrated that he couldn't communicate with his dad about undersea discoveries, he came home and designed an underwater megaphone. He used the internet for research, his home pool as a test lab, and $267 of his savings for startup capital. Richie's company, Short Stack, LLC, negotiated with major retail chains to carry his product. Water Talkies&trade; were a hit in the summer of 1997 and have kept people communicating underwater ever since. Who says vacations can't lead to great&nbsp;ideas.</p>
<p><strong>Kelly Reinhart</strong>&nbsp;was another kid in need of practical solutions. She designed&nbsp;Thigh Packsat age six. The Thigh Pack is a holster for carrying kid's necessities, like portable video games. By age nine, she was chairperson of TPak International, a company with nearly $1 million in orders. Improvements and patenting followed. Plans have been discussed with Pentagon officials to see if the packs could be used by the military.&nbsp;</p>
<p><strong>Kristin Hrabar</strong>&nbsp;was nine years old when she was inspired by necessity to design herLaserdriver Tools. She was holding a flashlight for her dad during a routine home repair. Kristin thought it would be easier if the tool had its own light. She then designed the illuminated nut driver for her third grade science fair. Kristin patented her product by her eleventh birthday. Business was already looking bright by the time she turned&nbsp;12.</p>
<p><strong>Kavita Shukla</strong>&nbsp;had two patents (Smart Lid&nbsp;and&nbsp;Fenugreek-treated paper) and a company of her own by the time she finished high school. At 13, she invented a lab safety device for bottles containing hazardous material. She patented her "Smart Lid," which is still used. Shortly afterwards, Kavita accidentally drank contaminated water on a trip to India to visit her grandmother. Her grandmother's home remedy made from fenugreek seeds prevented Shukla from getting ill. The seeds that saved her inspired Kavita to develop packaging paper treated with fenugreek. The paper's purpose? To preserve and protect food. She is the cofounder and CEO of&nbsp;SAFEH2O.</p>
<p><strong>Elise and Evan Macmillan</strong>&nbsp;co-founded and own&nbsp;The Chocolate Farm. This custom chocolate company has a twist - a farm animal theme. Elise started making chocolate with her grandmother at age three. She and her brother, Evan, started their own company about six years ago. The siblings are now teen millionaires thanks to the popularity of their cow-shaped chocolate lollipops and other chocolate&nbsp;treats.</p>
<p><strong>Abbey Fleck&nbsp;</strong>was eight years old in 1992 when she invented&nbsp;Makin' Bacon. This device hangs bacon away from fat while it cooks in the microwave. Abbey's grandfather took out a loan on the family farm so they could produce the 100,000 dishes Wal-Mart required for initial distribution. Now, Abbey and her father co-own A de F, Inc. Each year the company produces and sells about 640,000 Makin' Bacon dishes. Abbey really is "makin' bacon" - her company brings in more than $1million annually in royalties.&nbsp;</p>
<p>These amazing kids all invented things to express their creativity and solve problems. They all had the support of adults who encouraged and protected their creativity while helping them get access to the adult world. The result? Amazing products that came to life and proved adults don't have a monopoly on great&nbsp;ideas.</p>
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<div id="article-disclaimer">
<p><em>This portion of the site is for informational purposes only. The content is not legal advice. The statements and opinions are the expression of author, not LegalZoom, and have not been evaluated by LegalZoom for accuracy, completeness, or changes in the&nbsp;law.</em></p>
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			<title>5 Things To Consider Before Printing Business Cards</title>
			<link>http://businessresources.legalzoom.com/article-center/article/-5-things-to-consider-before-printing-business-cards</link>
			<comments>http://businessresources.legalzoom.com/article-center/article/-5-things-to-consider-before-printing-business-cards#comments</comments>
			<pubDate>Tue, 24 Nov 2015 09:49:00 -0800</pubDate>
			<dc:creator>Steven Chic</dc:creator>
						<category><![CDATA[Marketing Your Business]]></category>
						
			<guid>http://businessresources.legalzoom.com/article-center/article/-5-things-to-consider-before-printing-business-cards</guid>
			<description><![CDATA[
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<p>Many new entrepreneurs may think that getting business cards printed is a relatively easy thing to do. But, it is important to remember that your business card provides not only your contact information but a snapshot of your brand. Here are our top 5 key things to consider before going to p...</p></div></div></div></div>
<p class="blog-read-more"><a href="/article-center/article/-5-things-to-consider-before-printing-business-cards">Read more</a>]]></description>
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<p>Many new entrepreneurs may think that getting business cards printed is a relatively easy thing to do. But, it is important to remember that your business card provides not only your contact information but a snapshot of your brand. Here are our top 5 key things to consider before going to print so that you portray your company in the best&nbsp;light.</p>
<h2>Selecting your Company Name, Logo &amp;&nbsp;Brand</h2>
<p>Be sure to choose the right name for your business, and also make sure that the company name is cleared for use. Using the name of your corporation, LLC or DBA is a common choice. Additionally, you may also want to brand your company name with either a logo, graphic text or&nbsp;both.</p>
<h2>Logo &amp;&nbsp;Branding</h2>
<p>Many entrepreneurs will try to cut corners by designing their own logo or using stock images from the local printer. This is cost effective and very inexpensive. However, the final design could look "homemade" and "unprofessional". Remember your business card represents you and your company. A professionally designed logo is worth the&nbsp;investment.</p>
<p>LogoWorks' Startup Package is perfect for the serious business owner, which and includes a logo design, stationery design, 3 page website and 500 free business cards. All for under $1500. They also offer stand-alone logo design services, where a team of professional designers will create your company logo from $300 to $600.&nbsp;<a href="http://www.logoworks.com/legalzoom/?source=LGZM%7CS1%7CWL%7C11&amp;lpn=Legal+Zoom+Landing" target="_new">Click here</a>for more information, plus get $30 off any&nbsp;service.</p>
<p>If you have the resources (i.e. money), hiring a graphic designer or a branding consultant to create your logo is a great option. The only drawback is cost which can range from hundreds to several thousands of dollars. During the startup phase, spending tons of money for a logo may not be the right choice, especially when cutting costs is crucial. One alternative that many entrepreneurs have relied upon is outsourcing to online logo companies to get their creative projects designed without the high ad agency&nbsp;fees.</p>
<p>Now once your logo is complete, the final task is to&nbsp;<a href="http://legalzoom.com/trademarks-patents-copyrights/trademark-overview.html">trademark</a>&nbsp;your company name and logo to protect your logo from infringement and&nbsp;imitators.</p>
<h2>Company Website and Email&nbsp;</h2>
<p>If you haven't done so already, you will want to secure the website domain name(s) and showcase the website address on your business card. Regardless if you're an internet business or not, you should invest in a company website. You don't have to have full website up and running before you start handing out business cards. Just be sure to buy the domain name(s) and put up a "coming soon" page with your company contact&nbsp;information.</p>
<p>Once you have the domain name, you can also set up email accounts so you can send and receive company email. You can start thinking about how to design and build your website later when you have time to plan and develop your website&nbsp;strategy.</p>
<p><a href="http://www.legalzoom.websitepros.com/" target="_new">WebsitePros</a>&nbsp;has a great, no-strings-attached, free website trial offer where they build a completely functional website. You can decide in 30 days whether or not to purchase. If you are only looking to secure your domain name and set up your company email,&nbsp;<a href="http://ads.networksolutions.com/landing?code=P13C658S520N0B11A1D0E0000V100&amp;PROMO=BCXXX01477" target="_new">NetworkSolutions.com</a>&nbsp;offers low cost domain names services with strengths in website security and is one of the most established domain name providers in the&nbsp;industry.</p>
<p>Some business owners may use free email (and website) services to cut costs such as Hotmail, Yahoo Mail (and MySpace). The drawback is that you may compromise the professionalism that is conveyed with an address from&nbsp;name@yourcompany.com.</p>
<h2>Phone and Fax&nbsp;Numbers</h2>
<p>You should also put some thought into what phone and fax numbers to print on your business card. Depending on the type of business, you will want make sure you secure proper communication services for your operations. Many startup entrepreneurs will consider using their cell or home phone as their main phone line. This is another way to cut costs, especially during the start up phase. However, you'll want to make sure to maintain the professionalism of you and your&nbsp;business.</p>
<p>Ring Central offers a free 30-day trial for a fully functional virtual phone system.&nbsp;<a href="http://www.ringcentral.com/partners/legalzoom.html?bmid=LZ1007&amp;pid=1010&amp;aid=7124" target="_new">Click here</a>&nbsp;to learn more. GotVmail also inexpensive virtual phone systems designed for entrepreneurs. Make your company sound " big" with GotVmail, starting only at $9.95/month (with a 30-day money back guarantee).&nbsp;<a href="http://www.gotvmail.com/index.html?sp=25288&amp;img=3&amp;kbid=1373" target="_new">Click here</a>&nbsp;to learn&nbsp;more.</p>
<p>Fonality is another option for those of you that need a little more sophistication and functionality with your phone system.&nbsp;<a href="http://www.fonality.com/legalzoom" target="_new">Click here</a>&nbsp;to learn more about their cost-effective, enterprise-class business phone systems. Be sure to ask for a free&nbsp;consultation.</p>
<h2>Business &amp; Mailing&nbsp;Addresses</h2>
<p>For startups and home-based businesses, using your home address or a P.O. Box as your business address initially is probably fine. Let's face it until your business is successful and stable, committing to a multi-year, commercial lease can be risky (which is probably why you're running the business from your&nbsp;home).</p>
<p>Another alternative is to consider using a virtual office service which allows you to use a real business address in most metropolitan cities across the U.S without the risk of committing to a multi-year commercial lease. You can also take advantage of mail forwarding, answering services (live or automated), meeting/conference rooms, internet access, work stations, and more. Ranging from high-end "Park Avenue" locations to standard commercial spaces in your local area, a virtual office can help your company look more established and stable as a company. If you need to set up a virtual office, Regus.com is a the industry leader with over 350 locations in the U.S.<a href="http://www.regus.com/VirtualOfficesUS/home.asp?VOsem=&amp;ssid=32300202028062007150851-legalzoom" target="_new">Click here</a>&nbsp;to learn more. LegalZoom members also get one month's rent&nbsp;free!</p>
<h2>Printing&nbsp;Services</h2>
<p>There are a variety of options for getting your business cards printed. But before you do, go through your Rolodex of business cards and rate them in terms of design, layout and overall branding. You'll notice some businesses have invested time and money on the layout and design of the card, whereas other companies have used standard templates and stock images. The differences should be night and&nbsp;day.</p>
<p>If you're serious about your brand and image, have your business card designed by a professional. If you're using designer to create your logo, you may want to also request company letterhead and business card designs to complete your corporate identity&nbsp;package.</p>
<p>Once you're ready to go to print, you'll have a few options. Your local printer is one option, especially if you need that face-to-face service and local access. Printing online has also become very popular and inexpensive, as well. Be sure to get a few quotes and comparison shop. Another good resource would be your graphic designer, as she/he will usually have a few good printing contacts in your area. VistaPrint offers a variety of free (and low cost) printing services. To learn more about free and premium business cards,&nbsp;<a href="http://www.vistaprint.com/vp/gateway.aspx?S=1175720081" target="_new">click here</a>. LegalZoom members also get 25% off any&nbsp;service.</p>
<h2>Are you ready to get&nbsp;started?</h2>
<p>As you can see there are a variety of things to consider before printing and handing out your business cards. Regardless if you like it or not, your business card makes a statement about your company. Good luck with your new business. Feel free to email any questions or comments to&nbsp;ekim@legalzoom.com.</p>
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<div id="article-disclaimer">
<p><em>This portion of the site is for informational purposes only. The content is not legal advice. The statements and opinions are the expression of author, not LegalZoom, and have not been evaluated by LegalZoom for accuracy, completeness, or changes in the&nbsp;law.</em></p>
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			<title>Why You Need a Business License</title>
			<link>http://businessresources.legalzoom.com/article-center/article/-managing-your-business</link>
			<comments>http://businessresources.legalzoom.com/article-center/article/-managing-your-business#comments</comments>
			<pubDate>Tue, 24 Nov 2015 09:10:00 -0800</pubDate>
			<dc:creator>Steven Chic</dc:creator>
						<category><![CDATA[Managing Your Business]]></category>
						
			<guid>http://businessresources.legalzoom.com/article-center/article/-managing-your-business</guid>
			<description><![CDATA[<p>Why You Need a Business License</p><p class="blog-read-more"><a href="/article-center/article/-managing-your-business">Read more</a>]]></description>
			<content:encoded><![CDATA[<p>When you're caught up in the excitement of starting a new business, it's easy to ignore the need for licenses and permits. However, licenses and permits are mandatory, and before you can legally begin to operate your business, you need to have all its licenses and permits in place. Additionally, if your business has employees or sells taxable goods or services, you need to register with the taxing authorities. Requirements vary by industry and depend on how and where you conduct&nbsp;business.</p>
<h2>Who Issues Business&nbsp;Licenses?</h2>
<p>Business licenses, permits, and tax registrations are issued and administered by all levels of government, federal, state, and local, which includes county and municipal governments. In many cases you may need licenses on each governmental level. Furthermore, there are various agencies and departments involved in the licensing&nbsp;process.</p>
<p>There are over 40,000 separate licensing jurisdictions in the United States, and each has its own particular licensing&nbsp;requirements.</p>
<h2>Why are Business Licenses&nbsp;Required?</h2>
<p>Licenses are required for three main&nbsp;purposes:</p>
<ul>
<li>To identify your business and make sure you are accountable for your actions</li>
<li>To protect the public health and safety</li>
<li>To keep track of your finances for tax purposes</li>
</ul>
<h2>What are the Pitfalls of not Being&nbsp;Licensed?</h2>
<p>Not being compliant with all licenses, permits, and tax registrations could leave you unprotected legally, may lead to expensive penalties, and can jeopardize your&nbsp;business.</p>
<p>With pressure against raising traditional taxes, governments are always on the lookout for alternative revenue streams, which means ever increased vigilance for business license evaders. Many even resort to hiring third party collectors. The pitfalls of not being properly licensed&nbsp;include:</p>
<ul type="disc">
<li>You cannot open your new location</li>
<li>Your location may be padlocked</li>
<li>You may be hit with costly penalties and interest, or even personal liens</li>
</ul>
<h2>What are some Common Licenses, Permits, and Tax&nbsp;Registrations?</h2>
<p>Common licenses, permits, and tax registrations that a business may need include but are not limited&nbsp;to:</p>
<ul>
<li>Business License</li>
<li>Home Occupation Permit</li>
<li>Zoning Permit</li>
<li>Building Permit</li>
<li>Health Department Permit</li>
<li>Sales Tax License</li>
<li>Sellers Permit</li>
<li>Fire and Police Department Permit</li>
<li>Withholding Tax Registration</li>
</ul>
<h2>Which Licenses does my Business&nbsp;Need?</h2>
<p>If you asked this question, you are not alone. This is a question asked by almost every entrepreneur. While you may want to research the requirements yourself, most people find it impossible to do it on their own. You may contact you local City Hall, but that alone will not help you determine your licensing requirements on the county and state levels, and vice versa. Governments do not offer a one-stop-shop where you can go and get all your licenses, permits, and tax&nbsp;registrations.</p>
<p>LegalZoom to the Rescue with a Business License Compliance&nbsp;Package</p>
<p>LegalZoom has teamed up with&nbsp;<a href="http://www.businesslicenses.com/incorporators.php?hash=331-c7ad0e21d736c6539f37b272c283a423&amp;return=research-request-form.php" target="_new">BusinessLicenses.com</a>&nbsp;-- a company specializing in business licenses and providing assistance to thousands of small companies as well as Fortune 500 companies -- to provide LegalZoom customers with its Business License Compliance&nbsp;Package.</p>
<p>The&nbsp;<a href="http://www.businesslicenses.com/incorporators.php?hash=331-c7ad0e21d736c6539f37b272c283a423&amp;return=research-request-form.php" target="_new">Business License Compliance Package</a>&nbsp;will solve your entire business licensing headache. You will receive an individualized package in electronic format, delivered via e-mail, that will provide you with all the licensing applications, forms, associated documents as well as all the necessary instructions and related&nbsp;information.</p>
<h2>The Business License Compliance Package&nbsp;includes:</h2>
<ul>
<li>An overview of the licenses, permits, &amp; tax registrations required for your business</li>
<li>Licensing authority contact information, including name, address, telephone number, etc.</li>
<li>Detailed information on how much money to send with each application, and where to send it.</li>
<li>The actual license, permit, &amp; tax registration applications &amp; associated documents</li>
</ul>
<p>Click here to learn more and order your Business License Compliance Package today:<a href="http://www.businesslicenses.com/incorporators.php?hash=331-c7ad0e21d736c6539f37b272c283a423&amp;return=research-request-form.php" target="_new">My Business&nbsp;Licenses</a>.</p>
<p>If you are ordering a&nbsp;<a href="http://www.legalzoom.com/legal-incorporation/incorporation-overview.html" target="_new">corporation</a>&nbsp;or an&nbsp;<a href="http://www.legalzoom.com/limited-liability-company/limited-liability-company-overview.html" target="_new">LLC</a>&nbsp;with LegalZoom, you will have the opportunity to select your Business License Compliance package with your business formation&nbsp;order.</p>]]></content:encoded>
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