Business Formation

If you’re a small business owner, you may have ready about limited liability companies, or LLCs, in the past. An LLC is a business structure that offers some protections that you won’t get as a sole proprietor. If you’re ready to expand your business or want to make...

There is an old saying about location in the real estate business. Exactly who came up with it is a topic of debate, but the quote essentially goes like this: “There are three things that matter in property: location, location, location.” This is used as general...

Every business has contracts that it has to abide by or use to make sure it protects itself. Your business contracts need to be protective, easy to understand and legally binding. Some of the most common clauses to add to business contracts include liability clauses,...

When people decide to start businesses, one of the first questions they have to ask themselves is if they're going to start the business on the side or if they would like to quit their job and go all-in on the new company. Studies have found that starting a side...

You have a great business idea, which is really just a product that you've developed. You're looking to form a business to produce and distribute this product. You don't have that in place yet, but you know that it can succeed with the right infrastructure. To get the...

There's a lot to be said for studying what you should do when you start your own business, but you want to make sure you also do the opposite. Take a look at the mistakes that other people have made, and you may be able to avoid them yourself. With that in mind, here...

Often, starting a new business comes with long hours and tasks without pay. Friends and family can be great at supporting you as you start your new business. As your friends and family help you on your way to success, you may find one of them has a different view of...

You’re looking to start a business. You’ve already come up with the name and done a lot of your branding. Then you find out that there is already a company with that name.  What you want to know is if you can still use it or not. If you can’t, it would mean starting...

Love and business aren’t particularly intertwined in your world, so why would you or your business partner need a prenuptial agreement before either of you get married? Frankly, it would be foolish not to make prenups a part of your partnership agreement. Without...

A lot of budding entrepreneurs and business owners operate as sole proprietorships because there's really no complex paperwork involved. But is sole proprietorship wise? Before you decide that this is the type of structure you want to use for your business, you should...