For the love of your business
For the love of your business
As you grow your company, you may discover that it’s time to move beyond leveraging your personal credit to fund your business, whether through business or personal credit cards, and look for outside investors or lenders. When it comes to securing funding for your business, you must first decide what form of investment is right […]
Read MoreIt’s a popular myth that it’s always best to incorporate your business in a business-friendly state, like Delaware, Wyoming, or Nevada in order to save on taxes, benefit from increased privacy, and possibly have an easier time raising capital. However, for many businesses, incorporating in these states is completely unnecessary—and it may even cost your […]
Read MoreNovember 6, 2020 is “National Love Your Lawyer Day,” which started in 2001 as a way to celebrate lawyers for their positive contributions and encourage the public to view lawyers in a more favorable light. As Family Business Lawyers, we’re dedicated to improving the public’s perception of lawyers by offering business-centered legal services specifically tailored […]
Read MoreYou might assume that growth is always a good thing. But if you aren’t prepared, rapid growth can lead to serious problems—and even cause your business to fail as a result of implosion. Growth is only sustainable if you have the systems and resources to support it. As your company expands, so do your costs […]
Read MoreThe year 2020 has been extremely challenging for most entrepreneurs. The COVID-19 pandemic and economic downturn have seriously disrupted some businesses and completely shuttered others. And at this point, it doesn’t appear like things are going to go back to normal anytime soon. In light of this ongoing uncertainty and turmoil, you may need to […]
Read MoreA couple of weeks ago, I covered making the choice to accept Emergency Injury Disaster Loan (EIDL) money, and got into some of the nuts and bolts of what that might mean for your business. If you’ve been offered EIDL money, you might still be on the fence about it. Maybe you’re scared that, if […]
Read MoreYou may have opened your inbox in the last couple of weeks to discover an email from the Small Business Administration (SBA), finally offering you Economic Injury Disaster Loan (EIDL) money you applied for a couple of months ago. Many business owners just like you jumped at the opportunity to get money from the EIDL […]
Read MoreIf you have not yet applied for your stimulus money, please read this article that I shared last week and get on that right away. As an update, some of what we are hearing is that Paycheck Protection Program (PPP) applications are being processed and banks are asking for the information to make loans under that […]
Read MorePeople start their own businesses for all sorts of reasons. Sometimes it’s a lifelong dream. Sometimes it’s a desire to have more control over one’s time and money. Sometimes it’s just old-fashioned necessity, like if you’ve been laid off from your job and are having trouble finding a new one in your field. But if […]
Read MoreWith the proliferation of web-based mobile technology, consumers have come to expect a variety of digital payment options. From online payment platforms, such as PayPal and Venmo, to mobile wallet services like Apple Pay and Google Wallet, today’s business owners have a number of different payment systems to choose from. But perhaps the most innovative […]
Read MoreStandard operating procedures (SOPs) are detailed instructions describing the procedures for carrying out recurring business tasks. At first, creating SOPs for your company’s processes might not seem very important. After all, if it’s just you and a couple other people doing all the work, creating step-by-step instructions for each key task might seem like a […]
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