Payroll expenses constitute a major cost for most businesses, and many companies are looking for ways to reduce payroll costs without sacrificing quality. Payroll outsourcing has become a popular choice for small to medium sized companies for three reasons- it reduces the time spent on the process allowing staff more time to develop the business, it makes complying with tax and government regulations less challenging, and using a payroll service company results in significant savings due to specialization.

Many new business owners are surprised to find out that they are not legally required to form a corporation in their home state or where the business is physically located. The decision to incorporate your business is a big step in the future of your company, but choosing which state to incorporate in can be equally important. While most business owners choose to incorporate in the same state where they are located, there are some good reasons to consider incorporating in another state. The primary advantages of incorporation in a "corporation friendly" state fall into three categories- total cost of incorporation, taxation on the new business, privacy concerns. If you are considering incorporation, here are a few reasons that you may want to pick a different state.

Choosing the right bank to support your business as you grow is an important step in determining your future financial success.