This is for those of you who are contemplating opening a new business from scratch, again, I would not suggest this unless you have 3-5 years worth of operating cost and have no interest in outside funding for your company. I again, would suggest that you acquire an existing company, preferably and LLC or a C Corp as they hold more weight in term of financial viability than a sole proprietorship. In addition to that, the length of time you have been in business also carries weight in obtain these government bids. The government wants to see stability and longevity and tend to give the larger more lucrative contracts to these companies. Just keep that in mind when considering starting a company:)
Posted on: Mon, 28 Jul 2014 22:13:11 +0000