Downturns in the economy are actually a great time to start a business that runs more efficiently than competitors. This is because companies are examining every expense for ways to save. If you can offer a better price than their current vendor, you will have a decent chance of winning their business — and growing your new company rapidly.

It’s ironic. When you purchase an existing business from someone else, you’re typically not buying the business itself. You only purchase its assets.

Why? You want to get a clean start for the business, without inheriting the problems of the business’ former owner.

There’s a popular Chinese proverb that’s etched in the mind of many successful entrepreneurs that goes something like this: The BEST TIME to plant a tree is always 20 years ago. The second best time? Right now.

One of the most satisfying aspects of being the leading online formation company is seeing your customers succeed.

In April of 2004, BizFilings helped Mark Zuckerberg form a company called ‘thefacebook LLC’, a social networking website that helped connect Harvard students with friends. It would have been hard to predict that in less than five years the business startup would become one of the fastest growing online communities.

The team at Business Owner’s Toolkit recently released a free webinar on setting up a home-based business. It’s a great resource for anyone who’s in the early planning stages of starting a new business or home-based business.

In this episode of the Business Owner’s Toolkit radio show, we had the opportunity to speak with Karen Nathan, coauthor of the book Incorporate!: An Easy Step-By-Step plan for Entrepreneurs, about choosing the right legal structure.