For the love of your business

Articles to LIFT Your Life and Business

The Legal Issues Developing A Mobile App

Along with websites, e-newsletters, and social media, in today’s digital-everything world, many companies now have their own mobile apps. In fact, some companies’ primary digital platform is their mobile app. And as smartphones, iPads, e-tablets, and other mobile devices become more popular, having an app may soon become as ubiquitous for businesses as having an […]

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Ensure Your IP Is Fully Protected

Although intellectual property (IP) has always been an essential part of most companies’ overall value, with the rapid rise of internet-based technology and e-commerce over the last few decades, IP is increasingly becoming the primary source of value for businesses both large and small. In fact, studies show that today up to 80% of the […]

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Ways You Can Save On Company’s Tax Bill

In light of the pandemic, the rules and programs governing income taxes for businesses have changed numerous times over the last two years, which has caused confusion and headaches for more than a few business owners. And while many of the pandemic-inspired programs and tax breaks have already ended or will end soon, a few […]

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Q&A Is the ERC still available?

Q & A: QUESTION ______________________________________________________________________________ Q:    Can my company still qualify for the Employee Retention Tax Credit in 2021?   —Curious CFO   ANSWER ______________________________________________________________________________ A:     Dear Curious:   The Employee Retention Tax Credit (ERC) is a fully refundable tax credit created in 2020 to encourage businesses to keep employees on their […]

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Must-Have Business Insurance For Startups

When you are just starting your business, it’s easy to lose sight of just how many potential risks your company faces. Yet a single accident or lawsuit can wipe out your company before it even has the chance to get off the ground. While setting up a business entity like a limited liability company (LLC) […]

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5 Strategies For Boosting Your Startup’s Cash Flow

Although cash is the lifeblood that sustains every business, far too many business owners fail to properly manage their cash flow. And this is despite the fact that statistics consistently show that running out of money is one of the main reasons new businesses go under. Trying to run a business without carefully managing your […]

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3 Red Flags To Watch For When Dealing With Problem Clients

If you’ve ever had clients who were more trouble than they were worth, you know how stressful such toxic relationships can be. Yet, it can be difficult to drop a client, especially if your business is just getting off the ground or cash is tight. That said, when dealing with certain problem clients, sometimes the […]

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Q&A Can my family take over my business after-death?

QUESTION ______________________________________________________________________________ Q:    How can I make sure that my family will be able to successfully take over my business once I’m gone? —Ready to Retire   ANSWER ______________________________________________________________________________ A:     Dear Ready: There are countless stories of family members assuming control of multi-million dollar companies and running things into the ground in […]

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Understanding The Limits of Limited Liability

One of the main reasons for setting up your business as a corporation or limited liability company (LLC) is to shield your personal assets from debts and other liabilities incurred by your business. Corporations and LLCs exist as separate legal entities from their owners, which allows the business itself to acquire assets, enter into contracts, […]

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3 Best Practices To Avoid Misclassifying Employees As Independent Contractors

In the last decade, the rise of the gig economy has fueled an unprecedented increase in the number of independent contractors (ICs) in the U.S. workforce. And that growth has only accelerated in the wake of the pandemic, with more companies relying on remote work arrangements, and many workers laid off during the shutdowns and […]

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Protect Your Business and Family With a Buy-Sell Agreement

Whenever you have a partner or multiple owners in a business, one of the most important—but often overlooked—aspects of the relationship is planning for how it will end. It’s crucial that you come up with a clear exit strategy, and do so at the start of your relationship when things are going well, and not […]

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