As a mild spring finally melts into the heat of summer, perhaps you'll soon take a moment to enjoy a small cup of lemonade from a small business on a sidewalk near you. After all it is National Small Business Week.
But while you enjoy your refreshment, consider taking the moment to pay homage to small business and ponder the following questions: What is so unique about a small business? What is it about some small businesses that set them above the rest? When it comes to the legal aspects of business, how can business owners be active rather than passive and what are the payoffs? What are the legal considerations inherent to owning and operating a small business? What about a grown-up's small business can ensure it is any less transient than the venture which sold you your beverage?
If you are a prospective or current small business owner, you likely know first-hand the value of answering such questions earlier rather than later. During the creation of a company and after it is formed, the legal concerns which come into play should be dealt with head-on. Like the rest of a savvy entrepreneur's endeavors, the legal tasks of business organization and transactions, when accomplished both properly and skillfully, are their own reward.
Without a doubt, small businesses are the workhorse of the U.S. economy, representing 99.7 percent of all employer firms and generating 65 percent of net new jobs over the past 17 years (Source of data: U.S. Small Business Administration). The benefits small businesses render to local economies are no joke. An organization we support, The 3/50 Project, recognizes this reality and is setting out to "save the brick and mortars our nation is built on" in a way that is turning heads. No matter what your relation may be to the wonders of small business ownership, consider celebrating the week by exposing yourself to the simple mission of The 3/50 Project and learning in under a minute how you can very practically help to "save your local economy."