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Why Certify Your Small Business
- To legally create a corporation, obtain a Certificate of Incorporation. It limits liability, enables tax benefits, increases credibility, allows growth by offering shares, and makes financing easier.
- Certifying your small business can help successfully compete for government contracts, where billions are awarded annually.
- To get a certificate of good standing you must comply with state regulations like paying taxes and filing documents.
Business Certification Process
- The certification process includes passing an exam. Preparatory courses can be taken at community colleges or through the organization.
- Legal fees for certification exceed $30,000 at Series A funding. Lawyers typically charge $300-$1,000 to review a contract.
Benefits of Business Certifications
- Many certifications are not required for employment but can help individuals stand out, gain better jobs, promotions, opportunities, and higher pay.
Business Certificate Importance
- A business certificate, also known as a professional certification, is awarded to individuals demonstrating knowledge, expertise, and competency in a business area.
- Yes, a business administration certificate is worth it for many students. Earning this credential can enhance your resume and help advance your job.
Business License in California Guide
- In California, most businesses need to obtain a business license at the county or city level for tax purposes.
- Business licenses are administered by cities in California, with prices typically ranging from $50 to $100.
Starting a Business in California
- If you plan to start a business in California, you’ll need to establish it properly, which includes several legal and operational steps.
- Funding options include loans, personal savings, or crowdfunding. Profit from taco stands can typically be seen within 1-3 years.
