For the love of your business
For the love of your business
Hiring independent contractors (ICs) can be an essential way to boost productivity and streamline your resources, especially during the startup phase, when you have limited access to capital and can’t afford to hire a full roster of employees. And even after your operation grows beyond its fledgling period, contractors are often vital for completing one-off […]
Read MoreQ: How do nonprofits stay in business if they aren’t allowed to turn a profit? —Wondering A: Dear Wondering: The term “nonprofit” can be confusing. Nonprofits can and do earn a profit—they wouldn’t be able to survive otherwise. However, unlike for-profit businesses, nonprofits don’t distribute their profits to their members as personal income. Instead, […]
Read MoreAlthough you can invest in many different types of insurance to protect your business from lawsuits and other liabilities, one of the greatest liabilities you simply can’t avoid, especially if you are the sole owner of your business, is your incapacity or death. To make certain that your business—and the income it generates for your […]
Read MoreGoing into business with your spouse or romantic partner can be an amazing opportunity—but it can just as easily be an absolute nightmare. Regardless of how amazing your love life may be, there’s no guarantee you’ll be equally compatible in a working relationship. And if things don’t work out, it has the potential to wreck […]
Read MoreStarting your own business can be both exciting and scary, and you are bound to make numerous mistakes along the way. But you’ll often discover that some of your biggest mistakes will later become your greatest strengths. This was exactly the case for Family Business Lawyer™ mentor, Ali Katz, who went from losing $1 million […]
Read MoreIncluded within the 2021 National Defense Authorization Act passed on January 1, 2021, the Corporate Transparency Act (CTA) requires certain small businesses based in the U.S. to report the identities of their owners and organizers to the Department of Treasury’s Financial Crimes Enforcement Network (FinCEN). The CTA is an update to the federal government’s anti-money […]
Read MoreStarting a nonprofit organization can be a great way to give back to your community, while working for a cause you are passionate about. That said, if you are starting a nonprofit simply to avoid some of the more unsavory aspects of running a business, you should seriously reconsider. As the founder of a nonprofit, […]
Read MoreQ: How do nonprofits stay in business if they aren’t allowed to turn a profit? —Wondering A: Dear Wondering: The term “nonprofit” can be confusing. Nonprofits can and do earn a profit—they wouldn’t be able to survive otherwise. However, unlike for-profit businesses, nonprofits don’t distribute their profits to their members as personal income. Instead, […]
Read MoreQ: What is a SAFE investment, and could one benefit my company? —Seeking Funding A: Dear Seeking: SAFE stands for “Simple Agreement for Future Equity,” and a SAFE investment is basically an agreement between an investor and your company that provides rights to the investor for future equity in your company. In exchange for the […]
Read MoreStarting a nonprofit organization can be a great way to give back to your community, while working for a cause you are passionate about. That said, if you are starting a nonprofit simply to avoid some of the more unsavory aspects of running a business, you should seriously reconsider. As the founder of a nonprofit, […]
Read MoreWith the government shutdowns and economic fallout from the pandemic, 2020 was a rough year for many businesses. But thanks to recent legislation aimed at helping business owners recover, you could see a silver lining in the form of significant tax-saving opportunities when you file your annual tax return this spring. First up, although it’s […]
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