While it may seem like a far-off reality, legacy planning for the business you’ve worked hard to build is an essential ingredient in running a successful business for the long haul. Here are some of the key questions to consider when creating your buy-sell agreement. So, you’ve done it. Your lifelong dream of being a […]
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9 Things To Do Before Launching Your Business In 2023
After the last couple of years, launching a business might not be at the top of your to-do list for 2023. Let’s be honest. There’s never a right time to jump into the business world. But if you take the proper steps, 2023 could be the perfect year to start your business. As a proud […]
Should you start a small business with a partner or fly solo? Consider these factors
It’s lonely at the top. Even if, by the “top,” it’s just heading up a brand-new business. That’s why many great companies were started by partners: Ben and Jerry. Steve Jobs and Steve Wozniak (Apple). Larry Page and Sergey Brin (Google). Starting a business with a partner offers many advantages. You have: Someone to share […]
8 Types of Business Ownership for a Growing Small Business
Benefits and limitations of the most common types of business structures to help you weigh your options and make an informed choice. When you’re looking to launch a new venture or take your existing small business to a higher level, it’s important to choose an ownership structure that can support your goals. The main considerations when choosing […]
What to Do If an Employee Sues You or Your Compan
Stay calm, getting sued by an employee does not mean you’ll experience into an insurmountable loss. Research reveals that over one in every 10 small business owners get sued by their employees or customers. A study from the U.S. Chamber Institute of Legal Reform also showed 43% of small businesses were either threatened with a lawsuit or battled with […]