Obama Calls Small Business The Little Engine that Could
President Obama gave a speech Thursday directed towards small business owners, calling them “the engine of job growth in America.”  In his continuing efforts to get the nation behind his health care initiative, Obama addressed not only small business owners and organizations from across the country but also members of the U.S. Chamber of Commerce and the National Federation of Independent Business. The text of the speech can be found in its entirety at  The White House Press Secretary’s website,  or you can see the video of the 15-m

Overpromising? “Limited” Liability and Small Business
If you are just starting a small business or have a sole proprietorship, you have probably thought about and received advice about either incorporating or forming a limited liability company (LLC). What protections do these business entities actually offer to the small business owner? The Promise You have probably heard that by incorporating or forming an LLC,  you, as the owner, will be protected from personal liability, whether  through contract (from creditors) or tort (from intentional or negligent wrongful act, injury or damage other than breach of contract). This is true to a great extent.  However, as a small business owner you are probably not tot

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Small Businesses and Federal Tax Help
I love recommending government resources.  Many of us wonder where our tax dollars go.  It helps a bit to realize that there are resources provided by the federal government specifically designed to help the small business owner. The Internal Revenue Service maintains a Small Business and Self-Employed Center section on its website dedicated to providing tax help and information to small business owners and sole proprietors. The site  links to workshops designed to help small business owners understand their federal tax responsibilities.  If a small bu