Business Formation

Decision-making is one of the vital skills business owners need. To take your business to the next level and manage it competently, you need to make the right choices in all stages, including during formation. The steps you take during the first stages can affect your...

When choosing between an S corp and a C corp, it helps to understand the differences before making the call. That way, you will make an informed decision that is aligned with your business objectives. The major difference between the two types of corporations that...

Employees can do a lot of damage to the company that hired them if they perform their jobs improperly or take certain actions after leaving the organization. Employers often have to carefully protect themselves by adding certain restrictive terms to their employment...

When you’re in the process of setting up a new small business, it can be difficult to know what type of entity to choose. Where there are two or more of you running the business, the often obvious choice is to set up a partnership.  If you’ve been considering setting...

People who are staring a new business need to decide what structure they’re going to use. While some small businesses default to a sole proprietorship, this might not be their best option. Many businesses are better suited for the limited liability company (LLC)...

One way that you may decide to protect your business is by having your employees sign non-compete agreements. You can do this when they first start with the business, or you may ask existing employees to sign one after the fact. A non-compete agreement is supposed to...

In the United States, family businesses are incredibly common. Many business owners use their companies as a way to provide for their family, and then they expect to leave them to their children when they are ready to retire or when they pass away. If you know that...

Crowdfunding is one way that business owners sometimes get their company off of the ground. This often happens when they have a good idea or they’ve even invented a product, but they simply don’t have the financial backing to put it into production. For example, a...

To avoid disputes and give your business the best chance of success, you need to find the right business partner. If you already know that you want to work with someone else but you haven’t chosen that person yet, then it’s important to consider what you want to look...

You’ve spent many years working for other people but there has also been a burning desire to start your own business. You launched your company as a side project and it soon became very popular. In fact, you’re beginning to wonder if this is where you should be...