Calling All Nurse Entrepreneurs!

These are exactly the kinds of questions that are discussed when writing a business plan; they are great questions.

I recommend contacting your local Small Business Association (SBA) and your local Chamber of Commerce to see what classes are offered for you locally.

I took a class on Entrepreneurship last year. The information is invaluable. You write a business plan and learn within an unbrellas of experts in their field (accountants, lawyers, bankers, and several others) how to view your business dream and make it a reality. I recommend this class highly.

As far as the business license, I am sure there is a licensing board of some sort. This varies greatly from state to state. For example, WY does not require certification except in certain counties and Colorado requires a certain amount of hours and certificate to get certification and license within the state. Again, contact the local Chamber of Commerce or SBA for specific information in your area.

There may be a website that answers some of your questions in your state. What worked for me is to have people to discuss issues with in a class environment. The Entreprenuer Class is one of many offered. All topics in the book they provide and every imaginable scenario is discussed with learned professionals.

Here is a little something that I found via the Internet regarding S Corp. Deffiniition:


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Subchapter S Corporation

A Subchapter S Corporation is a general corporation that has elected a special tax status with the IRS after the corporation has been formed. Subchapter S corporations are most appropriate for small business owners and entrepreneurs who prefer to be taxed as if they were still sole proprietors or partners. When a general corporation makes a profit, it pays a federal corporate income tax on the profit. If the company also declares a dividend, the stockholders must report the dividend as personal income and pay more taxes. S Corporations avoid this "double taxation" (once at the corporate level and again at the personal level) because all income or loss is reported only once on the personal tax returns of the stockholders. For many small businesses, the S Corporation offers the best of both worlds, combining the tax advantages of a sole proprietorship or partnership with the limited liability and enduring life of a corporate structure.

Good luck to you and let us know how you are doing and how we can help.

Wecome John! Thank you for registering.

What type of business do you have? Is it nurse related? We do learn a great deal from all types of business.

Again, welcome. We look forward to hearing about your business and your feedback on postings.

I just set this post up as a "sticky" so others will benefit from reading about the many varied Nurse Entrepreneur endeavors.

Don't hesitate to post. We learn so much from each other.