For the love of your business
For the love of your business
Q: Should I get a business credit card? -Wondering A: Dear Wondering: Business credit cards come with numerous advantages, along with significant risks. But when used wisely, these cards can be a valuable source of short-term investment capital. Advantages of business cards include high credit limits of $50,000+ and rewards like airline miles, gas rebates, […]
Read MoreNike, Anheuser-Busch, Walmart, Porsche—what do these companies have in common? Outside of being globally recognized brands and generating billions in revenue, they’re also family-owned businesses. Though family businesses definitely aren’t for everyone and come with some unique challenges, for those who are able to make them work, they offer an array of benefits that simply […]
Read MoreOne of the most challenging aspects of running a business is effectively managing staff conflict. Dealing with people and personalities is vastly different than most of your other duties, where the goal is comparatively straightforward and simply requires talent and time to achieve. Though good management can go a long way toward preventing many disputes, […]
Read MoreWith the rapid rise of the “gig economy,” which primarily relies on independent contractors instead of W2 employees, there’s been an equally steady climb in the number of Independent Contractor (IC) misclassification cases filed against businesses. Most misclassifications are not the result of intentional violations of federal and state law, but rather, unintentional mistakes made […]
Read MoreJust about every business owner—whether they know it or not—has created some form of intellectual property (IP) during the life of their company. IP is an extremely important part of your business. Indeed, valuation experts estimate that IP makes up 40% to 90% of the total value of some companies. When it comes to IP […]
Read MoreQ: Do I need trademark protection? —Concerned Business Owner A: Dear Concerned: As a business owner, it’s vital to not only protect your tangible assets—office space, equipment, and finances—but also your intangible assets—inventions, branding materials, and written documents. These creative works are known as intellectual property (IP), and to protect IP from being stolen […]
Read MoreIt’s a simple fact of entrepreneurship: Small businesses fail all the time and for many different reasons, some of which are outside of the owner’s control. If you’re falling deeper and deeper into debt by keeping your company open, sometimes the best business decision you can make is to shut down the business and cut […]
Read MoreAs a small business owner, you’ve likely spent plenty of time working with your business plan. But have you dedicated the same amount of time to planning for the continued success of your company after you retire? Or if you were to suddenly die or become incapacitated? If you’re like most business owners, the answer […]
Read MoreOne of the primary reasons business owners set up corporations and limited liability companies (LLC) is to shield their personal assets from debts and other liabilities incurred by the business. Indeed, corporations and LLCs exist as separate legal entities from their owners, meaning the business itself can acquire assets, enter into contracts, and take on […]
Read MoreThese days, you’ll find all sorts of advice about how best to launch a business. But with so much information out there, it’s hard to know what you should heed and what you can ignore. To make things simple, we’ve compiled a list of five fundamental tips for starting a business that you can’t afford […]
Read MoreQ: What is involuntary bankruptcy, and can it happen to my business? —Concerned Borrower A: Dear Concerned: While uncommon, creditors who believe they have no other recourse to get paid by a business debtor can force that company into what’s known as “involuntary bankruptcy.” Though involuntary bankruptcies against businesses do happen, several rigid conditions must […]
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