answersLogoWhite

0

becouse , they don`t feel secure of getting a profit and there is a higher risk of losing thier money.

User Avatar

Wiki User

13y ago

What else can I help you with?

Related Questions

Who do you have to register a small business with?

The agencies you register your small business with depend on several factors, primarily your business structure and location (state and local). There's no single universal authority. Federal Registration: Internal Revenue Service (IRS): Almost all businesses need to register with the IRS to obtain an Employer Identification Number (EIN), also known as a Federal Tax Identification Number. This is crucial for tax purposes, even if you're a sole proprietor without employees. You'll use your EIN for various financial transactions. State Registration: Secretary of State's Office (or equivalent): For most business structures beyond sole proprietorships (like LLCs, corporations, partnerships), you'll register your business with your state's Secretary of State's office or a similar agency. This establishes your business as a legal entity within the state. The specific requirements vary by state. State Revenue or Taxation Agency: You'll also need to register with your state's revenue or taxation agency to handle state taxes (sales tax, income tax, etc.). Local Registration: County or City Clerk's Office: Depending on your location and business type, you may need to register with your local county or city clerk's office. This often involves obtaining business licenses or permits specific to your area. Some jurisdictions may require registration for a "Doing Business As" (DBA) name if your business operates under a name different from your legal name, even if you've already registered with the state. Additional Considerations: Business Structure: The type of business you form (sole proprietorship, partnership, LLC, corporation, etc.) significantly impacts registration requirements. Sole proprietorships often require less formal registration, while corporations and LLCs require more extensive state-level filings. Industry-Specific Licenses and Permits: Certain industries (e.g., restaurants, healthcare, construction) require additional licenses and permits from state or local agencies, beyond general business registration. These are not always handled through the same offices as business registration. Fictitious Business Names: If you're operating under a name different from your own, you'll generally need to register that name (DBA) with your state or local government. In summary, registering a small business involves multiple steps and agencies. You should consult your state's government website and potentially seek advice from a business lawyer or accountant to determine the exact requirements for your specific situation.


Do you think more small business will participate in global trade in the future?

Yes, small businesses will participate in global trade now and in the future. Many small business owners outsource their work overseas each day.


What is another name for a small business owner?

Another name for a small business owner is "proprietor." In the US, if the owner is doing business as an LLC, he is a "member."


What is a name for a business owner?

Another name for a small business owner is "proprietor." In the US, if the owner is doing business as an LLC, he is a "member."


What are the best small business ideas?

The best small business ideas are based on short-term growth of your business and handle your investment well to avoid any problems in the future and that earnings grow up fast.


Why are there no repercussions for people doing hair out of their homes with no buisiness licsence?

There can be repercussions. If someone operates any type of small business they are supposed maintain a license for doing business in that county.


What are health regulations for small business?

Health regulations depend not on the size of a business but on what the business is doing that might present a health hazard to employees, customers or the community.


What are the benefits of purchasing a small business for sale?

The benefits of purchasing a small business is that you have an established track record to start with and don't have to worry about initially building up the business. Keep in mind you may want to simply buy the assets of the business to avoid assuming any liabilities it has.


What is a Little Guy?

It can mean a small person, but used as an idiom, it usually means a small company or business. You see this phrase used in business when one company is doing business with smaller ones - you have the Big Guy and the Little Guys.


What is the best way to advertise a small buisness?

You can also advertise with Facebook, YouTube, Google etc.


Can a small business with 11 owners taxed at the corporate level after distributed to the owners retain its corporate status but otherwise avoid this double taxation If so how?

A small business with 11 owners will be taxed at the corporate level after distributed to the owners.


How can application monitoring be applied to a small business?

"Application monitoring can benefit a small business because it will keep the boss up to date on how the internet is being used, whether someone has downloaded copyright material or spent the day doing productive work for the business."