The highest rate of entrepreneurship in the U.S. has shifted to people aged 55-64, according to a press release from U.S. Senator Bill Nelson’s office (FL).
“Today, we’re seeing more and more older entrepreneurs make a positive mark on our economy,” Nelson said. “As their numbers continue to rise, so too does our responsibility to reduce barriers to entrepreneurship, and ensure seniors receive the support they need to create successful start-ups.”
As with any other age group of entrepreneurs, it is important for you as a baby boomer entrepreneur to incorporate your business properly. If you are in the baby boomer age range, then you need to make sure your personal assets are protected not only for yourself, but also for your children, grandchildren, and other loved ones.