Bill Myers has released the “Tip of the Week” June 3. The tip for this week: Building a legitimate business.


Bill Myers has released the “Tip of the Week” June 3.

The tip for this week: Building a legitimate business.

Contents

The contents of the Newsletter are:

– Running the numbers: using your head and your heart

– Recent articles posted at Bill Myers Online:

– Building a Business for Resell – steps to starting a web business with resale potential

– Running the numbers: using your head and your heart

– Project Idea: Syndicating Content to Web Site Owners

– Quickly find popular niches and product ideas

Tip of the Week

Myer starts the tip of the week talking about creating a legal identity for your business:

“Building a legitimate business

If your business is more than just a hobby, something that you expect to grow and last for the long term, it can be a good idea to make sure it has its own identity.

By creating a legal identity for your business, you not only reduce personal liability for yourself, but you can gain significant tax advantages, as well as pave the way for future buyout opportunities.” [source]

Myer discusses this point in detail.

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