VERY SMALL BUSINESSES ARE VERY DIFFERENT
from larger businesses, including larger small businesses
different tax advantages
different asset protection
different financing methods
different owners and employees
different marketing opportunities
and different risks and opportunities
The very small business is more
likely to be a direct reflection of its owners than a larger
business. The marketing of the very small business is not typical
because its most valuable asset is usually its relationships, not its
inventory.
The very small business is often more fragile than a larger, more
established business and therefore more likely to stumble or fail.
But the people involved in the business need not fail so long as their
assets are protected from the liabilities of their business.
The very small business usually has less money to spend than the larger
business and cannot afford to waste any of it. Tax and asset
planning for the very small business can usually help create and conserve
business and personal resources. There are tax opportunities which
are uniquely beneficial to the very small business.
The very small business: more risky, more personal, more creative
than a larger business--using imagination and energy as capital.
Billy was featured in the October 2005 issue of "The Virginia Lawyer", the official publication of the Virginia State Bar.
Check out the article.
Make an appointment with Billy Ellyson, or call 804-780-0880 x2