IncPlan.net works with Start-Ups from all over the globe. We find it incredibly exciting to work with people who are pursuing their dreams with energy and success. So to encourage Start-Ups to succeed we started Start-Up Questions of the Week which features questions asked by real Entrepreneurs answered by our Start-Up Experts. Do you have a question about your business or Start-Up idea? Post your questions to IncPlan’s Facebook Wall or Email us. If we answer your question we will send you $20 via paypal. Yes, It really is that simple. Get paid to get your question answered!
“Why should I do incorporation of my company?” asked Zhivko Slavov from Bulgaria.
Incorporation of a company offers the owner of the company several benefits and protections not granted to it under a sole-proprietorship. The benefits included are possible tax savings, deductions, and privacy protection. However, the single greatest reason people incorporate their business is for the liability protection a corporation affords you. By the simple act of incorporation you are able to insulate your personal assets from those of the corporation and shield them from litigation should your company be sued. Find out more by clicking here.
“I started a personal home painting business. So, what can I do to improve the business?” asked Indrajit Kundu from India
When it comes to construction the number one thing to always get right is the bid. Bidding correctly allows your company to be more profitable and to minimize losses. When bids are done incorrectly such as a job takes more time then estimated your company’s profit margin will shrink. Secondarily, make sure all bids have an expiration date you do not want someone coming back 2 years after a bid expecting the same price. Make sure you have a portfolio you can show prospective clients. This would include pictures of work that you have done and people they can call as references. Finally, try to go to local trade shows and have booth with business cards and materials about your company to try and generate leads. If you wish for further information please click here.
“What are the Capital Requirements to Register a Company in Delaware?” asked Olya Skrabatun from Belarus
There are ZERO capital requirements in the State of Delaware to form and register a company. You can find out more about Delaware company formation here.