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Listen in! Pick up some expert advice to a reader's question that we selected from CyberSchmooz.
Featured Biz Question I'll soon be starting a business with my partner. We want to have a national corporation: I have some q's about the subject. We plan on starting a prototype retail store first. Can this still be a corporation? Is it a small business? A partnership? How do you become a corporation? What's the difference between an S-corporation and a C-corporation?
Answer from our Guest Expert Kent Capener of Capener Consulting Hi, There! Your biz appetizer menu has definitely brewed up several cogent questions. Before we dive into some of them, let's look at the unasked one first. What's that, you ask? How Can You Start Your Business as Partners and Make it a Corporation? Past pre-corporate businesses have included every type of friendship, including those based on social or money bonds. These friendships or relationships can be from your best dreams or worst nightmares. Regardless of the type of relationship with your partner, the secret to a successful merger -- be it as a partnership or corporation -- is how you approach maintaining the "spirit" of where you started in to the business future. Never mind whether you're a novice or a well-seasoned entrepreneur, it's this spirit (good or bad or in between) that keeps a biz boat afloat. With that said, let's see about your partnership and corporation questions.
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About the Expert Kent Capener Kent is an expert on marketing; advertising; print, radio, and TV production; biz plan writing; trade show services; and direct response television. He relishes helping start-ups grow. more
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