Hobby vs. Business:
You should really spend some
quality time thinking about how you want to run your Trading
Assistant business. Do you plan to sell just enough to make
a little extra spending cash? Maybe you have plans to grow
the business where you will own a retail eBay Trading Post
Drop-off store with several employees!
 Writing
out a business plan will help you organize your thoughts and
goals. This often overlooked but crucial step will help you
determine how the business should be structured and can be
used as a tool to measure your successes. Many businesses
fail due to a weak or non-existent business plan. Also, this
is required if you seek to borrow money from a financial
institution.
Sole Proprietor vs.
Corporation:
Running a small business
can be a rewarding and profitable venture. It also exposes
you to liabilities with your clients, customers and
employees. Careful consideration should be taken when
deciding how to structure your business. There are several
options to choose, from a Sole Proprietor to the different types of
corporations including the very popular Limited Liability
Corporation (LLC).
Each business structure has
its pros and cons. A sole proprietor is the simplest
business structure to setup but also has to most risk to
personal assets. Corporations can provide tax advantages and
help minimize personal risk but are usually much more
complicated to setup. A Limited Liability Corporation offers
the simplicity of a sole proprietor business and reduces
personal risk like an incorporated company.
Many business owners want to incorporate their businesses...but don’t know where to turn for fast, reliable & affordable incorporation
and LLC services. Look no further!
Get incorporated or form an LLC with The Company Corporation®
It’s the wisest decision you’ll ever make.
For a FREE “How To” Guide, Click Here
There is a wealth of
information on the web that will help explain these
different options and how to start and run a small business. A good place to start is the
government run
Small Business Administration (SBA) website.
PLEASE NOTE: Always consult with your Attorney
and Accountant for professional advice and assistance in the
creation of your eBay Trading Assistant business.
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