Starting your own business is an exciting venture but can cause many concerns and worries. While you prepare for your business by obtaining business licenses, conducting market research, writing your business plan, and obtaining financing, there are other things that can cause a new business owner stress. Where will your customers or clients come from? Will you be successful? Will your business be sustainable throughout the ups and downs of the economy?
Friday, January 2, 2015
With the New Year upon us, many solicitations begin to show up in the mail seeking payment for annual fees from unsuspecting businesses. Be wary of solicitations for annual report filings, business license requirements, corporate consents, records in lieu of meeting minutes, or annual minutes requirements as they are not always from the government agency where your business is qualified. They may appear to be genuine requests from the state but be sure to read the fine print. These “required” filings will say that they are not endorsed by any government agency. This will help you determine whether the form is legitimate or not. There will be a high filing fee and a warning of penalties and fines if not paid timely. If you are unsure of the form you receive, check with the state where you are registered to do business or check with your registered agent.