Did you know that you can access your retirement nest egg to finance certain types of small business investments? Did you know that alternative funding -- that is, other than credit cards, banks, and your family -- are becoming more popular and more regulated each year?
If you're like many people, you have a great idea to start a small business, but you need capital to get the ball rolling. The above article outlines some unorthodox ways to finance new projects. I've already talked about crowdsourcing as an alternative to using venture capital firms. This article posits some other ideas, like government grants and asset-backed or collateralized loans.
If you are curious about non-bank financing, such as the Small Business Administration (part of the federal government) or state-based tax breaks and incentives, this article is a great place to start.
It's always a good idea to discuss ways to protect your major assets with a financial advisor or tax professional. Whether you need a trust, a Limited Liability Company, or a power of attorney, Hawley Legal Resources is at your service to help protect your assets when you take risks to finance your dream.
If you're like many people, you have a great idea to start a small business, but you need capital to get the ball rolling. The above article outlines some unorthodox ways to finance new projects. I've already talked about crowdsourcing as an alternative to using venture capital firms. This article posits some other ideas, like government grants and asset-backed or collateralized loans.
If you are curious about non-bank financing, such as the Small Business Administration (part of the federal government) or state-based tax breaks and incentives, this article is a great place to start.
It's always a good idea to discuss ways to protect your major assets with a financial advisor or tax professional. Whether you need a trust, a Limited Liability Company, or a power of attorney, Hawley Legal Resources is at your service to help protect your assets when you take risks to finance your dream.
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