The Startup Magazine Scams Startups Need to be Aware Of

Starting your own business is never easy, but it can be made even more difficult by scammers who try to trick you into giving up your money. Startups are often targeted by criminals because they are seen as less experienced than big companies, but by educating yourself about some of the common scams, you will be in a much better place to avoid startup scams and ensure the success of your venture.

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One of the most common ways criminals communicate with startups is through phone calls, which is why it is so important to be wary of unknown numbers. Instead of answering calls from numbers you don’t know, use a website like To try to find out who is calling. Services like these will show you if others have had bad experiences with the number that called you, so you can block them before you get into trouble.

Whether you think you have been targeted by scammers before or you just want to research anything that could go wrong, this blog will feature some common startup scams to help you avoid them in the future.

Late tax payment scams

Everyone knows that not paying your taxes can have serious consequences, which is why scammers use this as a way to get your money. You may receive a call, letter, or email telling you that you need to pay a fine to pay taxes too late. The amount can be large or small, but whatever it is you should not pay it. Once the scammers have your details, they will be able to empty your bank account. Always check with the tax office before responding to these notices, as they are likely to be fake.

Company registration scam

Sometimes criminals try to get you to give up your money by telling you that your company has been incorrectly registered or that you need to pay a fee to continue operating/trading. These messages can seem very real, so a lot of startups don’t hesitate to pay just in case they shut down their business. The early months and years of running a business are tough, so the last thing you want is to have to put operations and trading on hold. As with the tax scam, you need to communicate with the relevant authority to let them know what is happening.

False investment opportunity

Startups often look for fundsCriminals are taking advantage of this and offering entrepreneurs ways to grow their money quickly. These scammers will sometimes ask you to pay money on what appears to be a promising investment opportunity, allowing you to grow your money and launch your startup. needless to say, Get Rich Quick Schemes You rarely get good results and you are likely to lose all your money in the process. Stick with real investors who have money to spend on your business to help it grow.

Remember that no matter the contents of a phone call, email or letter, you need to think critically before taking any action. This way, you can avoid startup scams and keep your business safe.

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