Most people hear the word “audit” and hit the panic button, including business owners. But there is an incredibly powerful tool called the LIFT Foundation Audit that can change the way you run your business for the better. The LIFT (Legal, Insurance, Financial, Tax) Foundation Audit is a process we walk through with our business […]
Read MoreThere are currently 13 states with laws governing an employer’s access to employees’ personal social media accounts, and 20 other states have similar legislation pending. According to recent research, 73% of American adult Internet users also use social media, so it is probably a good bet that most of your employees are on social media. […]
Read MoreEarlier this year, Microsoft was on the wrong end of an English court ruling that found the software giant had infringed on the trademark of British broadcasting company BSkyB with its SkyDrive cloud storage service. Instead of appealing the ruling, Microsoft decided to rebrand the service. Before your company has a misstep with intellectual property […]
Read MoreIf you have built a successful business and plan to leave it to your heirs or business partners, doing so is not a process that just happens naturally after you retire or die. If you don’t have a buy-sell agreement, a business succession plan, a business transition plan or a business preservation plan in place, […]
Read MoreSocial consciousness at the corporate level has become an increasingly more important point of differentiation for many companies, and some companies today exist primarily to fill a social purpose. So what is the best business structure for these companies? There are several from which to choose: Benefit Corporations. Seven states, including California, allow for Benefit […]
Read MoreInc. magazine recently wrote an article that made me realize many business people are flying blind about the legal parts of business. These are all places you could get in trouble, if you aren’t awake, aware and doing business with your eyes wide open. Personal assets are protected by the right business entity. Choosing a […]
Read MoreAccording to the Kauffman Index of Entrepreneurial Activity, approximately 300 of every 100,000 U.S. adults started a business in 2012. The Index found that over 514,000 new firms were started every month in 2012 – but how many will succeed? Of course, in business –as in life – there are no guarantees. According to the […]
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 […]
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