Episode 157 – So You’re Ready to Start a Business… with Brett Shapiro
So You’re Ready to Start a Business… with Brett Shapiro is our latest episode of Business Growth Time
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About Brett Shapiro:
Brett Shapiro is a co-owner of GovDocFiling. He had an entrepreneurial spirit since he was young. He started GovDocFiling, a simple resource center that takes care of the mundane, yet critical, formation documentation for any new business entity.
Time Stamped Show Notes:
02:49 – Let’s get to know Brett Shapiro
- He’s actually built a very cool system to help you get started with all the paperwork and corporation filing docs that you need to deal with.
04:50 – They talked about Brett journey how he got into this business
- They try to help new small business owners, entrepreneurs, through the documentation and starting a business.
- They help entrepreneurs get through this process, get it filed correctly, and then support them through their journey.
06:24 – What is the difference between an LLC and a corporation?
- LLCs are by far the most popular because they’re the easiest to set up, they require the least amount of maintenance and it’s a pass-through entity which means that anything the business makes, it just gets passed through.
- S-corps and C-corps get a little more complicated they require a lot more accounting, so, it just depends on what type of business you’re going to be running, what type of activities you’re involved.
10:23 – Why Brad says ” You know what, this is a problem and I’m going to solve it.”
- They set out to provide entrepreneurs, new business owners, a kind of simplified resource that really packages services together and gets them started, gets the formations done correctly and then they provide a number of follow-up steps and suggestions and partnerships that can help them really start to build and grow their business.
13:03 – Full-Service, Online Payroll Services for Small Business
- Janet used “Gusto” as her payroll management for $25 dollars a month.
15:34 – Episode 130 understanding business credit with Ty Crandall and Managing your Business Money Episode 151 with Danielle Hayden
- Take a look back in our past episodes if these things are important to you.
16:07 – What percentage of business owners go in to get started and set up the right way?
- More people now are leaning towards a kind of using some type of service provider, there’s a lot out there, there are some big names.
17:18 – Why might someone use a business with Brett Shapiro as opposed to a CPA or an attorney to starting a business?
- They are definitely cheaper than attorneys and CPAs as well.
- What they tried to do is understand that at the beginning, sometimes entrepreneurs have an idea, but they don’t have a lot of money or assets or startup expenses that they want to try.
- They packaged five essentials called, Essential Legal Documents and then they had a lot of their partners kind of help out and walk people through the process.
- They get a free tax analysis, they have a business insurance consultation that they have provided, they put together a business setup guide.
20:05 – Did Brett company do a GDPR Privacy Policy?
- They worked with their legal team to make sure they’re compliant.
- If you’re online and you’re concerned about the GDPR, it’s probably best to kind of consult some kind of attorney or someone to make sure that your privacy policy is compliant.
20:59 – What Is GDPR and Why Should You Care?
- Yes, they mainly affect those who live inside the EU. But non-Europeans should pay attention too.
- It will change how companies handle consumer privacy and will give people new rights to access and control their own data on the internet.
22:22 – A Step by Step Guide to Starting a Business with Brett Shapiro
- There are some suggestions and there are some service providers that might help at this stage in your company.
- They’re always constantly having to be in touch with the different secretaries of state and to make sure that the correct fees are being allocated to each customer.
26:10 – Really kick-ass story about living in L.A.
29:59 – Where you can find Brett Shapiro
- Visit his website, here
- You can reach GovDocFiling via e-mail 24/7 at orders@govdocfiling.com or by filling out the form if you have any questions or to inquire about our services.
33:29 – Actions Steps:
- Just drop on your boots and go out and give it a try, starting a business pretty inexpensively and then you just gotta go and see how it goes.
- They encourage people to go and try their ideas and get started.
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