For the love of your business
For the love of your business
While various types of insurance can protect your business from lawsuits and other liabilities, perhaps the greatest liability of all—especially if you’re the sole owner of your business—is what could happen to your company when you die or if you should become incapacitated by accident or illness. To ensure your business—and the income it provides […]
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 MoreQ: What is an arbitration clause, and how does it work? -Engaged Entrepreneur A: Dear Engaged: Arbitration is a form of alternative dispute resolution in which two parties settle their dispute without litigation. An “arbitration clause” in an agreement requires the parties entering into the agreement to go through arbitration before taking a dispute to […]
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 MoreAs an entrepreneur, you’ve probably put lots of thought into the best ways to start and grow your business. But you likely haven’t put nearly as much effort into thinking about how you’ll sell it or exit it, in general. And if you decide that selling is the way to go, you’ll want to start […]
Read MoreWith more and more Baby Boomers reaching the later stages of seniorhood, the media is abuzz over what’s being called “The Great Wealth Transfer.” This refers to the coming intergenerational transfer of wealth that will occur over the next few decades, as Boomers die and pass on their wealth to younger generations. Because no one […]
Read MoreWhen running a business, it’s practically inevitable to experience minor disputes of one kind or another. Whether it’s a customer who refuses to pay their bill, a vendor who doesn’t deliver the goods you’ve ordered, or a contractor who fails to meet the terms of their agreement, such conflicts are a simple fact of doing […]
Read MoreGetting your business off the ground can be challenging in many ways: long hours, tough decisions, and ruthless competition, to name just a few. But perhaps the most challenging aspect of launching a startup involves financing. Indeed, getting the cash flowing and keeping it flowing is the lifeblood of your operation. Without proper financing, sometimes […]
Read MoreQ: What is employment practices liability insurance, and do I need it? -Befuddled Boss Employment practices liability insurance (EPL) protects your business from lawsuits that originate over employment disputes, including suits brought by current employees, former employees, and even potential hires. EPL is one of several different types of businesses liability insurance, such as general […]
Read MoreYou’ve undoubtedly heard news stories about big companies like Target and Equifax having their computer networks breached and their customer data stolen. Depending on the nature and severity of the breach, these companies can face massive lawsuits, hefty fines, and see their reputations negatively impacted by the resulting media fallout. To guard against cyber threats, […]
Read MoreSetting up your business as a corporation or limited liability company (LLC) is a crucial way to protect your personal assets from debts and other liabilities incurred by your business. The ability of a corporate entity, such as an S Corp or LLC, to separate and safeguard your personal assets is often referred to as […]
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