Tag Archive: small business


Last Friday, President Obama announced that SBA Administrator, Karen Mills’, position was moved to Cabinet status. Reports state that, “President Obama actions are a reflection of the importance he places on small business, economic growth, and job creation.”

The SBA explained that the President,  “Asked Congress for the authority that Presidents like Hoover and Reagan have had to reorganize and modernize the federal government.  This authority lapsed in 1984, but, today, the federal government needs to be updated to ensure that it meets the demands of entrepreneurs and small business owners in the 21st century.”

Karen Mills went on to say in an article on www.sba.gov that,  “The President’s first proposal under this authority would be to create a unified department focused on economic growth and job creation, so that we can be more effective at helping businesses do what they do best – create jobs.”

“For the entrepreneurs and small business owners that SBA and other agencies serve, this is very good news.  A more integrated approach would ensure that small businesses would have access to all of the federal government’s programs in a more seamless, coordinated, and coherent way.”

Mills continued, “I’m honored to become a member of the President’s Cabinet, and I’ll continue to provide input to the President on how we can grow the economy and empower entrepreneurs and small business owners.  At the SBA, we will work to build on the accomplishments we’ve made over the past three years, such as the record $30.5 billion in SBA lending support we provided to over 60,000 small businesses last year.”

So what are your thoughts on the President’s move to make the SBA a higher priority?

Is this a strategic effort on his part to gain votes from skeptical Americans who’ve continued to see consistent job loss and economic downturn?

Or is this is a geniune effort to get America back to work?

Give me your feedback here or drop me a line at aaronyoung@laughlinusa.com  and tell me what you think.

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As the CEO of Laughlin Associates, leader in small business incorporation services and seminars for small business, I was lucky enough to be on hand for the launch event of the An Empowered Woman Foundation on September 11, 2011.

Laughlin served as sponsor of the “Do I Feel Lucky” scholarship that was awarded to Bridgette Shemone, a Northern California actress and entrepreneur.

The event took place on the largest yacht in Marina Del Rey, CA. Among the guests and participants were financial guru, Loral Langemeier, Radio Personality and author, Les Brown, and CEO Space California President, Chimene Holmes.

The An Empowered Woman Foundation (AEWF) was organized to assist women striving to start a business but are in need of resources including mentoring and funding. Each year the foundation will sponsor 100 aspiring entrepreneurs and help them on their path to business development.

The scholarship winner, Shemone, accepted her winnings and promptly returned that amount back to the AEWF to help future female entrepreneurs achieve success and reach their dreams.

Desiree Doubrox, the CEO of An Empowered Woman, enthusiastically declared, “Now that’s what I call ‘An Empowered Woman!’” when asked about Shemone’s donation of her scholarship funds.

The AEWF mission is to annually support 100 women in launching a sustainable business that would positively impact their families and communities. This mission is supported and actualized by companies like Laughlin Associates that are contributing education and resources to assist such female entrepreneurs. For more information visit www.AEWFoundation.org.

 Laughlin Associates offers small business incorporation services in all 50 states, seminars for small business, advice for entrepreneurs on choosing an LLC vs. a Corporation, consultations on how to properly protect your assets, and Nevada resident agent service.

*Thank you to Ian Foxx of Foxx Media Group for the photos from this event.

One of the great pleasures of my job is getting to meet fascinating people who are doing fascinating things and to listen to their stories. I love it when those stories include efforts to help of small businesses succeed. One such company that is making a difference is An Empowered Woman (AEW). They have recently set-up a foundation specifically aimed at helping women who want to launch a company but may have challenges that make it especially difficult.  

I had the privilege of visiting with the Desiree Doubrox, CEO of An Empowered Woman, yesterday in anticipation of their “Dream Catcher” event that will serve as the official launch of the foundation (and in which Laughlin Associates will participate). The work that  AEW does to help women fulfill their dreams of owning their own business is truly remarkable. I encourage you to take a look at their web site (www.anempoweredwoman.com) and let women everywhere know about this terrific resource.

 

Click here to listen to the interview.

 

 

 

Today, the State of Oregon joined other high tax states in choosing to have their huge budget hole filled by the least number of people possible. Measures 66 & 67:

  • Increase the minimum corporate tax by over 1000%
  • Increase the state personal income tax by almost 20% for people making over $250,000 per year.

The TV ads made it clear to the masses that “If your family makes less than $250,000 per year, you will pay nothing!”  Translation? Let the business owners pay the bill.

It will come as no surprise to you that the city of Portland and the state of Oregon are struggling to attract and keep new businesses. Rather, long time businesses are scrambling to leave Oregon and are moving to neighboring states like Nevada

  • Where taxes are low and…
  • Legislation is geared to encourage the formation of companies and to protect their management teams.

I have an unusually good seat from which to watch all of this unfold as I live in Oregon and work in Nevada. At my company we have seen this exodus for years as California companies move over the boarder to set up shop in the Reno area.

My son Adam, who was sitting in a college business class this morning when he heard the news about passage of the tax hike, texted me and asked, “What does this mean for us?”  I think he asks a good question. As business owners, we need to do our part to help our communities. The trouble is that too many politicians have never run a business or had to make a payroll. They make decisions that attempt to fix an immediate problem, but end up hurting everyone in the long term. They cook the goose that lays the golden eggs.

We all know that in the end it will not be the “wealthy” that will pay for this tax increase. The rank and file employees will take the hit.  Jobs will evaporate and employers will have to cut back, close up or move on.

“What does this mean for us?” I would like to hear your answers to that one.