If you’ve had an interest in starting your own business in San Diego, you may think your start-up will have to wait out the recession, but there are those who believe that the time to act is now. At first glance it may seem that there aren’t any advantages to starting a business now, but consider whether you can benefit from recession-created incentives and opportunities like those discussed in Entrepreneur and USA Today. For example, with a larger employment pool, you can hire qualified people at reasonable rates. You can also keep costs down thanks to cheaper office space, equipment, and goods.
As recently reported in a Wall Street Journal blog, the Small Business Administration (SBA) is approving more loans as it continues implementing new provisions under the American Recovery and Reinvestment Act. According to the SBA, the stimulus program will help in making small business loans easier and cheaper to get, and will likely motivate lenders to make more of these loans by giving lenders new incentives.
If you decide to start a business, you can depend on San Diego Law Firm’s expertise to help you protect your personal assets and minimize tax liabilities by setting up the right business structure, such as a corporation or LLC, and assisting you to obtain the right business licenses and permits. If you’ll be buying commercial real estate, we’ll handle the necessary legal issues to help ensure you’re making a quality investment.
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