For the love of your business
For the love of your business
The Association of Certified Fraud Examiners has reported that companies with fewer than 100 employees lost an average of $155,000 annually as a result of fraud, identity theft and cybercrime. Here are some tips for protecting your small business from becoming a victim: Protect bank accounts and credit cards. First, be sure that your personal […]
Read MoreSooner or later, you are going to have a client who doesn’t pay you for services or products provided. Customers who do not pay are a fact of life for every business, so what are your alternatives? Here are some options: In-house collections – Designate someone in your firm to contact the buyer personally to […]
Read MoreMost small business owners are aware of the importance of protecting their personal assets from business liabilities. However, the reverse is just as necessary – protecting your business assets from personal legal troubles. For example, if you are at fault in a serious auto accident that injures someone and you own a business, the assets […]
Read MoreAnyone involved in a family business knows that working with family has its pleasures and its pitfalls –incurring these legal pitfalls can prove deadly to your family business, so here’s how to fix them: Mixing family & business finances. Unfortunately, we live in a litigious society, so as soon as your family business is up […]
Read MoreIf you operate a family-owned business, or are considering starting one up, there are four potentially lethal legal mistakes you should take care to avoid, including: No employment agreements. Family members who work together are usually hesitant to confront one another if someone isn’t pulling their weight. Having an employment agreement for everyone ensures that […]
Read MoreA new piece of federal legislation known as the Marketplace Fairness Act has passed the Senate and is now awaiting a House vote that most politicos expect to pass as well. If the bill becomes law, and your business conducts business over the Internet, you will be expected to collect taxes on all purchases and […]
Read MoreA logistical speed bump is going to delay the number of insurance plan options for small businesses under Obamacare for at least a year, according to a Wall Street Journal report. The U.S. Department of Health and Human Services (HHS) is now proposing that small businesses have only one insurance plan option to offer employees […]
Read MoreWhether you are already a small business owner or the entrepreneurial spirit has grabbed you by the collar and you plan to get your startup off the ground this year, there are certain legal aspects to operating a small business that you just can’t ignore (and we know you want to). Ignoring the legalities of […]
Read MoreAccording to SBA data, more than 79 percent of small businesses have no employees – meaning that a majority of small business owners are doing it all. And when tax season rolls around, it can mean plenty of stress for owners of small businesses. A recent Washington Post column provided these five tax season tips […]
Read MoreRepresentative Dave Camp (R-MI), the chairman of the House Ways and Means Committee and one of Congress’ top tax lawmakers, has released his proposal for small business tax reform and it contains a number of drastic changes to the current code. A Forbes article takes an in-depth look at the proposal: Section 179 Expenses. Permanently […]
Read MoreWhether the result of the recent recession or the desire by baby boomers to embark on a new professional path, new business startups are growing fast. Here are 10 legal tips for entrepreneurs who are striking out on their own for the first time: Choose the right entity. Decide if you will be operating your […]
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