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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...
The open forum of the internet makes it easy for people to let others know about their experiences with companies. Many business owners don’t fully understand how they can use reviews to their benefit. They also don’t realize that their responses to reviews could land...
It can be hard to think far ahead when starting a business or beginning a new business relationship. Yet, doing so will be crucial in the contracts you create. Here are some of the future areas to think about: 1. What happens if prices change? Running a successful...
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)...
You’re looking to start a small business, and you already have a partner and a business plan. The two of you are simply looking for some commercial properties that you can buy, that you can use as your new business headquarters. But when you find a property that seems...
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...
