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Many entrepreneurs have innovative business ideas with the potential to generate great profits but don’t have enough money to launch a company. Taking on investors seems like a logical means of raising startup capital. For example, high-net-worth individuals,...
Starting a business can be exciting, as you get to execute the ideas you are passionate about. In your earliest days, you may have operated mostly on “handshake deals” and verbal agreements, but that’s not something that you should continue. You need written contracts...
Those who are savvy enough to start their own business likely have enough business acumen to know that certain liabilities come with owning a business. There are steps that business owners can take to reduce this risk. When used wisely these steps can mean that...
Entrepreneurs often start with a great idea for a product or service. This product or service is the backbone of the business. If successful, the business may consider expansion — but how do successful business owners take advantage of this opportunity without losing...
You have completed your due diligence; you know the market and your product or service and are ready to take the plunge and start your business. You think you will use an LLC but are not quite sure what that means. This piece will help provide basic information to...
Business owners throughout the country are weathering difficult times. Although the National Bureau of Economic Research (NBER) claims that we are not currently in a true recession, we cannot argue the fact that economic activity is not what we had hoped for and many...
The United States Bureau of Labor Statistics most recent data from 2021 states that 20% of all businesses fail during their first two years of operation, 45% close their doors within five years, and 65% within ten years. The agency reports that only 25% make it 15...
Employees are an important part of your company’s success. Without a strong workforce, your business is unlikely grow. One element that may help attract and keep quality employees while also reducing the risk of employment disputes is a practical employee handbook....
Business owners confront constant risks. These can destroy a business or inflict costly and substantial damage. Anticipation and preparation for these risks can help to better ensure owners protect their business interests. Five of the most common to account for...
Business leaders looking to incorporate need to consider various factors when making their decision. For some, a limited liability company (LLC) or partnership may make sense. For others, a corporation. But why and which one? There are different types of corporate...
