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At any age, starting a new business can be an exciting and fulfilling venture. Deciding to start a business after you've already completed a long career takes additional considerations that don't necessarily apply to young professionals. Before making that decision, retirees should take into account these factors... Consider Your Favorite Hobbies and Interests Regardless of your reason to start a new business, whether to keep busy or for financial purposes, make sure a new career as a business owner is something that you're...
Identity fraud is an all too-common story these days. Consumers are becoming vigilant in protecting their private data, and that may mean thinking twice before handing out credit card information. But no matter how loyal your customers are, they would likely question the trustworthiness of your business if their personal information was stolen or misused. Many businesses collect "sensitive"data or information from consumers - such as social security numbers, financial records, credit details - for sales or other business...
Complying with business regulations often makes people think of labor and employment issues or financial and tax regulations but another very important aspect of regulatory compliance deals with the environment. The Environmental Protection Agency (EPA) establishes laws and regulations for businesses to minimize negative effects on our great planet. Do I need an environmental permit for my small business? Many small businesses do require some form of environmental permit to operate legally. Consider if your business activity will...
Understandably, small business owners voice confusion over intellectual property law (patents,trademarks, and copyrights). Matters can get even trickier for online businesses, because the Web is still a relatively new territory for many entrepreneurs and law makers alike. Protecting your Web site's content isn't required by U.S. law, but doing so can provide important benefits. Read on to learn more about the eligibility requirements for patent, trademark, and copyright protection of online businesses. Understanding the...
Regardless of their structure, industry, or size, all businesses must comply with many different government regulations. Non-compliance with these regulations can result in a wide variety of penalties: additional fees, operational restrictions, and a bunch of other hassles you don't want to deal with. As a federal government community, it would be easy to focus only on federal regulations. However, it is important to understand and comply with all state and local regulations as well. Similar to many federal requirements, state and local...
Today the Federal Trade Commission (FTC) announced “a new law enforcement crackdown on scammers trying to take advantage of the economic downturn to bilk vulnerable consumers through a variety of schemes, such as promising non-existent jobs; promoting over-hyped get-rich-quick plans, bogus government grants, and phony debt-reduction services.” The sweep, called “Operation Short Change ,' includes 15 FTC cases, 44 law enforcement actions by the Department of Justice, and actions by at least 13 states and the District of...
Before registering a new business, you will need to check if someone else has already registered your business name. Business name registration requirements vary by state and may depend on whether or not you incorporate your business. Business name registration is commonly known as making a 'Doing Business As' (DBA) filing. DBA filings are also known as assumed name or fictitious name registrations. A business registers a DBA name when the name of the business is something other than the business owner’s legal name, or the name...
Breaking into the U.S. market can be a rewarding venture for many foreign businesses. Because U.S. citizenship and residency are not required, foreign nationals are able to start or expand on U.S. soil without experiencing much more red-tape than an American-born business owner would. Steps to Starting Up a Foreign Business in the U.S.: Foreign business entities are incorporated at the state level in the U.S. The process will vary from state-to-state, but generally involves two steps: applying to register in that particular state, and...
Expanding your business into the federal marketplace can be lucrative, and provide numerous networking and growth opportunities. But winning a Federal contract also means complying with laws and regulations unique to those doing business with the government. Many new contractors, especially small businesses, are unprepared for the rules and regulations they must follow, which can lead to cost errors and potential legal problems. The resources below will help you become familiar with the regulations that apply to most Federal contractors....
Small business certifications are like professional certifications. They document a special capability or status that will help you compete in the marketplace. Unlike permits and licenses, you do not need to obtain certifications to legally operate. However, in order to take advantage of business opportunities, such as government contracts, you may need to obtain some certifications. Federal, state and local governments offer businesses opportunities to sell billions of dollars worth of products and services. Many government agencies...
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by JamieD, Former Moderator on Tuesday, July 21, 2009 - 10:22