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...
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...
You have many critical decisions to make before you open the doors of your new small business to the public. If you are still forming your company and have not yet chosen its legal structure, take some time to consider all your options. Those looking to one day obtain...
A business partner can be like a spouse. The two of you combine your resources and try to build something new and special that is valuable to both of you. You have some responsibility to one another and can massively influence one another's financial or legal...
Imagine this, you’re walking down the street when you pass a Marilyn Monroe print posing in modern designer shoes. A few blocks down Elvis Presley is singing and dancing in a cleaning advertisement. Just around the corner, a Dr. Seuss cutout sits in the window of a...