For the love of your business
For the love of your business
One of the biggest risks small business owners take is not properly protecting their personal assets from business liabilities or judgments. In a recent Entrepreneur.com article, Mark Kohler, author of The Tax & Legal Playbook, offered these 8 asset protection strategies for business owners: Choose the right business structure. Operating as a sole proprietorship offers […]
Read MoreEntrepreneurs often make up in enthusiasm what they lack in business experience, but passion alone is not enough to ensure the success of a startup. If you’re starting a new business, you need to watch for the following six legal snares that could potentially sink your startup: Lease agreements. A commercial lease is much different […]
Read MoreAs lenders ease credit conditions following the Great Recession, new business formation in the U.S. is on the rise. If you are starting a business in 2015, be sure you pay attention to the following prerequisites: Discuss with legal counsel which corporate structure is best for your business: sole proprietorship, partnership, corporation (C or S), […]
Read MoreAccording to the U.S. Small Business Administration, more than half of small business startups in the last 10 years have been home-based. Whether you are contemplating setting up shop at home as a consultant, a baker or a handy man, there are certain legalities that need to be considered to ensure you have protected yourself […]
Read MoreThese days, many people are reinventing their work lives by investing in a franchise. Franchises offer the benefit of a proven business model, making them attractive to new business owners who seek to manage risk and protect their investment. However, franchise agreements are not forever and there are circumstances when a franchise owner chooses — […]
Read MoreIt’s pretty amazing to think of all the things we do online today that would have been unthinkable just a few years ago. But just because you can do something online doesn’t necessarily mean you should. And that certainly applies to fulfilling your company’s legal needs. Here are three reasons why do-it-yourself legal documents won’t […]
Read MoreWhether you are creating a written contract or letter of agreement to formalize a business deal, there are certain items that must be included in order to minimize risk in case of litigation as well as clarify the terms of the business relationship. These include: Official Names of the Parties – Be sure to sign […]
Read MoreIf you are starting a new company or have an unincorporated entity that has grown to the point where protection of your personal assets may be desired, the selection of the proper business entity can be critical to the future success of your business. There are 10 essential questions you need to ask as part […]
Read MoreIt is a common misconception that oral contracts are not enforceable. It is true that certain agreements must be in writing to be enforceable. For example, the statute of frauds requires agreements involving real property, marriage, performance over multiple years and the sale of goods over $500 to be in writing. If an oral agreement […]
Read MoreMany business owners encounter cash flow problems at one time or another, primarily due to slow collection on past due invoices. However, the way you invoice can help you avoid late payments. Here are six tips to good billing practices: Identify each service or good being provided along with its cost. Be sure to include […]
Read MoreBoomers are now the fastest growing segment of new entrepreneurs, according to the Kauffman Index of Entrepreneurial Activity. This is not really surprising since most boomers have the skills acquired from decades of work that are needed to start a business, and have a network in place to help them succeed. Here are some tips […]
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