Looking for funding to incorporate and expand existing business concept
by OregonJosh, Performer
- Created: October 30, 2009, 9:12 pm
In early 2007, at age 15, I started an LLC and began offering internet services to a multitude of clients around the world. Over the past two and one half years I have learned a lot about how to run a business and more importantly, what not to do when running a business. My LLC began turning a profit approximately three months after offering my services to the public and it has been profitable ever since then.
The problem is that I have hit a wall. In order to expand my business I need to hire a professional to design a new website and a programmer to develop some custom code. Once those things are done my business will be much more appealing to potential customers and just as important, it will appear and function in a professional manner.
Ideally I would like to setup a corporation funded with a small business loan. This new corporation would essentially be the 2.0 version of my LLC and the loan would be used to build it into a successful, free standing entity. Some time after the corporation offers services to the public, I would somehow arrange for it to swallow my LLC and move the LLC's customers to the new architecture of the corporation. After some rough estimations I believe that building this corporation from the ground up to be much more functional and profitable than the LLC would require approximately $25,000 in investment before it could support itself. Please suggest how I should go about finding funding.
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