For the love of your business
For the love of your business
Business owners concerned about protecting their personal assets from business liabilities often choose to operate their companies as a Limited Liability Company (LLC) or Corporation (usually as an S-Corporation), since these business structures provide what is known as a “liability shield”. However, a court can dissolve this liability shield if the proper steps are not […]
Read MoreAccording to the Family Business Institute, less than one-third of family-owned businesses make it past the second generation of ownership and only 1 in 10 survives through three generations. Based on a New York Times study of family businesses, here are some tips on how you can ensure your family business survives: Reinvention. Businesses that […]
Read MoreChoosing the right business entity for your new or growing company is one of the most important decisions that you as a business owner will make, since your decision will impact important things like compensation and taxation. If you’ve given more thought to your company logo than the structure under which your business will operate, […]
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 […]
Read MoreOne of the most common questions business owners want to know is what kind of legal agreements they need. And while the answer to this question depends a lot on what kind of business you operate, there are four key legal agreements that virtually every business owner will need to protect and operate their business […]
Read MoreAre you thinking about launching a new business in 2014? If so, you need to set the right legal foundation or risk costly consequences down the road. Here are five legal tips for entrepreneurs: Find a legal adviser. The best time to have a business lawyer is when you’re just starting out. He or she […]
Read MoreEarlier this year, Microsoft was on the wrong end of an English court ruling that found the software giant had infringed on the trademark of British broadcasting company BSkyB with its SkyDrive cloud storage service. Instead of appealing the ruling, Microsoft decided to rebrand the service. Before your company has a misstep with intellectual property […]
Read MoreSection 179 of the tax code is provides a great opportunity for small business owners to save on their taxes by allowing you to deduct in one year the cost of any new or used personal property that you purchase and use in your business more than 50% of the time. Some of the items […]
Read MoreDecember is the month that many business owners spend extra time winding down the year and planning for the new year. Here are five year-end tax planning tips to prepare your business for 2014: Review subcontractor information. If you paid any subcontractor more than $600 during 2013, you are required to send each subcontractor a […]
Read MoreOn Nov. 27, the federal government announced a one-year delay for small businesses to sign up for insurance plans using HealthCare.gov. The enrollment deadline is now November 2014 for coverage that will take effect in January 2015. The government said the delay was necessary to allow individuals impacted by the well-known technical difficulties with the […]
Read MoreWith the U.S. divorce rate at around 50% for first marriages and even higher for second marriages, a divorce’s impact on the fate of your business should be cause for concern. The best thing that business owners can do is take preventive measures to ensure their companies will not suffer from a divorce – either […]
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