For the love of your business
For the love of your business
It’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 MoreWhen launching a new business, one of your first priorities should be to secure the appropriate legal protection for your company’s intellectual property (IP). Depending on the type of IP involved, this can require securing patents, trademarks, and/or copyrights. Among the very first IP elements you’ll want to protect is your company’s brand name and […]
Read MoreWhen launching a new business, one of your first priorities should be to secure the appropriate legal protection for your company’s intellectual property (IP). Depending on the type of IP involved, this can require securing patents, trademarks, and/or copyrights. Among the very first IP elements you’ll want to protect is your company’s brand name and […]
Read MoreWhen launching a new business, it’s crucial that you put the right insurance in place. In addition to having the correct legal entity set up, insurance is the primary way to protect your personal assets from the activities of your business. Without the right insurance—or with too little of the insurance you do need—you could […]
Read MoreWhen launching a new business, it’s crucial that you get the right insurance in place for your company. In addition to having the correct legal entity set up, insurance is the primary way to protect your personal assets from the activities of your business. Without the right insurance—or with too little of the insurance you […]
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 MoreAlthough cash is the lifeblood that sustains every business, far too many entrepreneurs don’t have a proper handle on their cash flow. And this is despite the fact that statistics consistently show that running out of money is one of the primary reasons startups fold. Trying to run a business without meticulously managing your cash […]
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 […]
Read MoreWhether you’re looking to start your very first business, or you’re an established business owner looking to develop another income stream, launching a side hustle can be an ideal way to do so. By developing your business as a part-time side gig, you can greatly reduce the personal and financial risk that comes with starting […]
Read MoreOne of the most frustrating things for an entrepreneur is coming up with a great business idea, but being unable to get the concept off the ground due to a lack of financing. With banks often unwilling to loan money to startups that have yet to make at least two years of income, unless you […]
Read MoreUpon first glance, starting a business with your spouse can seem like the ideal opportunity. You get to spend more time together, make money, and build your own company with someone you implicitly trust. If you have an amazing marriage, you should be just as successful at running a business together, right? Unfortunately, it’s not […]
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