For the love of your business
For the love of your business
Q: Is an Operating Agreement the Same As Bylaws? – Curious A: Dear Curious, Bylaws are internal documents that govern a corporation, and operating agreements break down an LLC’s operating procedures. Operating procedures in the corporate bylaws lay out specific rules for members executives, employees, and shareholders. They typically include contact information for the corporation, […]
Read MoreQ:My Trademark Is Being Infringed Outside of the United States: What Should I Do? – Infringed On A:Dear Infringed On, Before you take any action, take a breath and ask yourself this question—how will this infringement actually affect your business? Taking on international infringement takes time, money, and energy. If the company does most of […]
Read MoreQ: Is there a way to temporarily pause my LLC business? – Needing a Break A: Needing a Break, It’s completely normal to go through uncertain phases with your business, even in the best of times. You may need some time to regroup and figure out whether you want to pivot with your business or […]
Read MoreQ: Since I’m unemployed due to the pandemic, I want to promote myself as a digital marketer while working from home. Do I need a business license? – Anxious Entrepreneur A: Dear Anxious: While some recently unemployed American’s are looking for a side hustle while anticipating returning back to work, many entrepreneurs overlook the fact […]
Read MoreQ: Can Bankruptcy Save My Business? – Concerned Entrepreneur A: Dear Concerned: If you’re struggling with debt, but don’t want to shut down your business, bankruptcy might be one way to save your company. While this may sound paradoxical, many big corporations— American Airlines, General Motors, and Kodak—have successfully used bankruptcy to restructure debt and […]
Read MoreQ: What insurance do I need? – New Biz Owner A: Dear Biz: Liability insurance is a valuable form of protection needed by most businesses. Choosing the right policy for your business can be tricky, so it’s important to understand what liability insurance covers before you make the investment.cl If you get sued for personal […]
Read MoreQ: What is cyber insurance? -Tech Newbie A: Dear Newbie: Cyber insurance offers protection against damages resulting from threats to your company’s computer systems and data, such as hacking, data breaches, network failures, and other events. If your computer network is breached and your data is lost, stolen, or compromised, the cost to recover and […]
Read MoreQ: Why would I want my LLC taxed as an S corporation? -Tax Saver A: Dear Saver: Outside of personal liability protection, one of the biggest benefits of an LLC is the flexibility the entity offers for taxation. LLC owners, or members, get to choose how they want to be taxed: as a sole proprietorship, […]
Read MoreQ: What are the penalties for misclassifying employees? -Concerned CEO A: Dear Concerned: Hiring independent contractors (ICs) can be a great way to save on labor costs and avoid the HR hassles that come with traditional employees. But misclassifying workers, even unintentionally, can lead to serious consequences, which could potentially destroy your business. In today’s “gig” […]
Read MoreQ: What tax breaks does Trump’s new tax law offer small businesses in 2019? -Penny Pincher A: Dear Pincher: The biggest break offered by the Tax Cuts and Jobs Act (TCJA) was lowering the tax rate for C corporations from 35% down to 21%. But very few small businesses are structured as C corporations, so […]
Read MoreQ: Is my business website considered my intellectual property? -Concerned Coder A: Dear Concerned: Your website is most certainly intellectual property (IP). But whether or not it’s your IP depends on whether or not you were the one who originally created the website. When it comes to IP, patents protect inventions, trademarks protect brand names, […]
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