For the love of your business
For the love of your business
The constant whirlwind of excitement and activity surrounding the launch of your startup can leave you feeling overwhelmed. You can get so focused on the day-to-day tasks and responsibilities involved with getting your operation up and running that you neglect some of your company’s most vital legal components. Because you are so busy and likely […]
Read MoreYou may be wondering why so many business owners choose January 1 as the start date for their company. Surely, it’s not because everyone has the same New Year’s resolution, right? The fact is, there are a number of distinct advantages to launching your Limited Liability Company (LLC) at the beginning of the new year, […]
Read MoreWhen you first realize that your biggest personal and business expense—bar none—is taxes, it can come as quite a shock. Seeing so much of your hard-earned money wind up in the government’s hands can feel like a shakedown. That said, focusing a relatively small amount of time and effort into strategically reducing your taxes can […]
Read MoreQ: How can I determine if the business I’m looking to buy is properly valued? —Interested Investor ______________________________________________________________________________ A: Dear Interested: When buying an existing business, determining the true value of the operation is one of the most important factors. In fact, every single other factor about the business can be totally perfect, but if […]
Read MoreAlthough paying taxes is a largely unavoidable part of running a business, you might be pleasantly surprised to learn that there is one common type of tax you can often avoid paying—capital gains taxes. That said, the only way you can avoid paying capital gains taxes (at least legally) is if you plan in advance. […]
Read MoreMany entrepreneurs structure their business as a limited liability company (LLC) because like corporations, LLCs offer personal liability protection for their owners. But unlike corporations, LLCs are not legally required to adhere to many of the same corporate formalities required of corporations. Given that LLCs offer the liability protection of a corporation, without all of […]
Read MoreThe employment landscape has changed over the last few years and many small and mid-size companies today operate with outside help – contractors or freelancers who perform important tasks but who are not full-time employees on your payroll, or even third-party companies who consult on a new product or service. While companies that contract with […]
Read MoreQ: How does the Democrats’ newly proposed tax bill affect the capital gains tax rate? —Tax Saver ______________________________________________________________________________ A: Dear Tax Saver: The new bill would increase the long-term capital gains tax rate from 20% to 25% on individuals with taxable income over $400,000. The increase is set to be effective for the tax year […]
Read MoreAs a small business owner, you may be wondering why you need to hire a lawyer to help you run your company. This is especially true today when you can access just about every conceivable legal document online for cheap from the countless online do-it-yourself document services like LegalZoom and Rocket Lawyer. But here’s the […]
Read MoreIt seems that everywhere you look, a new start-up is trying to make it big with a game-changing idea. But it’s only the ones that can turn that idea into reality that reach business success. Too many start-ups fail to make the transition from idea to execution or encounter major setbacks along the way. In […]
Read MoreAs with so many things in life, some of the same qualities that help small businesses succeed can also lead to their demise. Fortunately, much of that risk can be lessened through operational excellence. For example, the owners and managers of small businesses often know each other before they go into business together. Sometimes, they’re […]
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