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Choosing the Right Business Entity: Does Everyone Need to Incorporate?

Written by Renee Hykel, Esq. of LegalZoom.com on Monday, 07 January 2013 18:34.

Question #1: Do you need to protect your personal assets from the liabilities of the company? If you’re debating whether to form a legal entity or to be a sole proprietorship, one issue to consider is whether or not you need to protect your personal assets. The biggest benefit of formal entity formation is that the individual(s) owners of the corporation are shielded from the liabilities and debts of the entity. For some businesses, however, the cost of formation, including tax consequences, may outweigh the benefits, especially if the business can be thoroughly insured.

Rise of Black-Owned Businesses

Written by Featured Organization on Monday, 24 September 2012 16:40.

On a national level, black-owned businesses have increased drastically according to the data from Survey of Business Owners: Black-Owned Business: 2007 on the U.S. Census Bureau website. The start-up of black-owned businesses has increased by 55.1 percent to $137.5 billion annually in national commerce, according to the survey of business owners. Black-owned businesses have also increased by 60.5 percent to 1.9 million, which exceeds the national rate of 18.0 percent. From 2002 to 2007, four in 10 black-owned businesses operated in the fields of health care, social assistance, repair, maintenance and laundry services. 

Dr. Ronda Beaman Guides Others to Success

Written by Ronda Beaman on Monday, 24 September 2012 16:36.

If you made it through childhood, you have a story to tell – the question is, are you willing to share it for the sake of making someone else's path through life easier? Are you willing to be a guide? A guide literally is someone who shows the way by leading, directing, or advising.; one who serves as a model for others.

Blacks Still Struggle To Qualify For Personal and Business Credit; New Web Site Wants To Help

Written by Featured Organization on Tuesday, 04 September 2012 15:49.

A recent Washington Post article emphasized how poor credit makes it much tougher to secure loans and gain access to credit, especially for African-Americans. The article entitled, "For Black Americans, Financial Damage From Subprime Implosion is Likely to Last" (see link below), sheds light on what has been an ongoing problem for many decades: Minorities, particularly African Americans, continue to make up a huge population of people and business owners who are unqualified for credit.

The Power of the Hispanic Dollar

Written by Featured Organization on Monday, 13 August 2012 15:02.

Hispanics have quietly become the new “Super Spender”. There has been an increase in the cultural influence of the Hispanic community. Shopping centers and grocery stores are being built, targeting Hispanics. For many Hispanics, their culture and heritage is a major influence. They don’t shy away from tradition, instead they embrace it. They are looking, searching, seeking for the same ingredients Abuela used to prepare meals or for the beautiful lace dresses for their daughters.

Hispanic Leadership and Advancement is Needed for Economic Growth in America

Written by Featured Organization on Monday, 30 July 2012 15:38.

Center for Hispanic Leadership (CHL) will be launching its Hispanic Training Center on August 6, 2012, the first and only interactive video-based online training center designed to accelerate the advancement of Hispanics in America – as corporate leaders, as small business owners, and as consumers who can help influence how organizations build their brands. According to CHL Founder, Glenn Llopis, “As Hispanics, we are quickly waking up to the need to hold on to our cultural values and use them for leverage as we reach for success.

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