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by Duckpaddle2 5251 days ago
If entrepreneurship is such a force for good in our society, why doesn't the government promote the small business interests more? What I am speaking of is the truly overwhelming amount of paperwork and taxes that must be satisfied from day 1. Just to beat a dead horse, the requirement for the 1090 forms for all, including corporate payees, would have absolutely choked most small businesses. And woe be unto those who through ignorance or arrogance didn't file. My plea is to all readers, think before you vote this year. See who is really promoting a better environment for small business, and vote for them. Let us reduce the risk for entrepreneurs and build a better society!
3 comments

It is in the best interest of corporations (which are made of people like you and me) to relentlessly lobby the government to continue to make laws favorable to their existence at the expense of others including SMBs which could eventually threaten their business.

If I run a large bank it might be in my best interest to push for laws that mirror my company's current practices to make competitors play catch-up and to shut out upstarts.

You are presupposing that the general social interest is well aligned with those of government/bureaucrats/legislators.
Truly overwhelming amount of paperwork and taxes that must be satisfied from day 1?

I can form an LLC in my state online in 30 minutes for less than $200. You could just fill out a "Doing Business As", but the LLC takes the place of that. Once that is done, then open a business checking account using the LLC name. Do you live in California or New York?