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Articles to LIFT Your Life and Business

Time to Change Your Practices if You Are an IC or Employ an IC in CA

If you are an Independent Contractor in California, or you have any team members in California that you have hired as an Independent Contractor, you must contact a Family Business Lawyer™  immediately to discuss your options. You can read the summary of AB5 on Wikipedia, including legal challenges to the law. And, you can read […]

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Make Sure You Actually Own The Work You Pay Contractors To Produce

While hiring independent contractors (ICs) offers a range of valuable benefits in terms of cost savings and convenience, it also opens your business up to some unique legal and financial complications. This is particularly true when it comes to your company’s intellectual property (IP).  Unlike employees, with whom you generally own automatic copyrights to everything […]

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Protect Your Business With Restrictive Covenants

Employment agreements are a vital tool for laying out the specific terms and conditions of the employment relationship, so your employees and contractors understand exactly what’s expected of them while working for you. But employee agreements can also be used to prevent workers from harming your company after they leave your employment. Whenever an employee […]

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Questions and Answers About Sending 1099s For 2019

The end of the year is always a hectic time for business owners. Between managing your day-to-day operations, planning for the upcoming year, and dealing with the holidays, the period from Thanksgiving through the New Year can feel like a rollercoaster ride. Of course,  if you are properly handling taxes for your business, the end […]

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The New Tax Law Makes Hiring Your Kids Smarter Than Ever

One of the biggest advantages of running a family business is being able to employ your minor children. By hiring your kids, you have the opportunity to teach them the value of hard work, give them experience managing money, and allow them to save for their future. In turn, you get workers who have a […]

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4 Ways To Significantly Reduce Your 2019 Tax Bill

As we approach the end of 2019, you should be working with your bookkeeper and tax advisor to project your company’s year-end tax liability and implement strategies for saving as much money as possible. Most tax-saving strategies need to be in place before the end of the year, so make sure you get this process […]

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3 Strategies For Engaging and Managing a Remote Workforce

There are numerous advantages to running a business with a remote workforce. Without a physical office, startup costs and overhead are significantly lowered. You aren’t limited to hiring locally, so you have a much better chance at attracting top talent. And increased employee autonomy typically increases job satisfaction, which can boost productivity and morale, while […]

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New Bill Stands to Dramatically Alter Worker Classification in California

State legislators in California recently passed a controversial new bill that requires many companies like Uber and Lyft, which rely primarily on independent contractors, to reclassify their contractors as employees. The bill, known as Assembly Bill 5 (AB 5), stands to upend the business model of the affected companies in California and potentially impact the […]

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Have Independent Contractors? Read This…

As more and more businesses take advantage of the numerous benefits of using independent contractors (ICs) in lieu of full-time employees, the line between worker classifications can get somewhat blurred. Understanding the difference between the two can be complex, but getting it right can be one of the most important business decisions you’ll ever make. […]

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4 Invaluable Benefits of Creating a Thriving Company Culture

Mention developing your corporate culture these days, and many people think of having a relaxed dress code, allowing your team to bring pets to work, or adding a ping pong table to the break room. But your company culture is much more than that. A strong corporate culture is integral to your business. It affects […]

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Avoid These 3 Frequent Causes of Small Business Lawsuits

It’s challenging enough to run a successful business without having to worry about getting sued. But in today’s highly litigious society, lawsuits are all-too-common, and you should take every necessary precaution to protect your company from unnecessary litigation. One of the worst aspects of lawsuits is that even if you win, you’re still on the […]

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