Today the Small Business and Entrepreneur Council released it new report:
SMALL BUSINESS SURVIVAL INDEX 2009:
RANKING THE POLICY ENVIRONMENT FOR ENTREPRENEURSHIP
ACROSS THE NATION
It is important to understand what is happening in the policy development of our various states. It is not only what the Feds do in regards to their supposedly limited role in commerce according to Section 1 of the Constitution but more importantly what are the affects of local and state legislators.
It is unfortunate that most of us engaged in the SMB, entrepreneurial and investment communities are running hard and fast to keep the lights on; therefore, we don't always have the time to deal with policy issues that affect us. I appreciate the work of the SBE and the conservative approach to business that makes life better for us all.
I have learned that policy affects how business is done as much as the market and customer demands. I've also learned that where we establish our business entity matters when it comes to net profits. I always tell those that I have the opportunity to consult with that we need to look at what the ultimate legacy will be of the business entity and then choose the correct entity type and where it will be initially registered.
I would encourage you to look at the report to see where your state ranks. As you consider what your business entity is and if there are areas of concern, give me a shout and I'd be glad to have a chat.
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