A Limited Liability Company (LLC) can be your golden ticket to financial independence, and setting one up might be easier than you think. Although an LLC isn’t required to bring your side hustle or business idea to life, having one gives you liability protection; should your business ever go under, your personal belongings won’t be up for grabs. LLCs also […]
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What Is a Buy-Sell Agreement and Why Is It Vital for a Successful Partnership?
For entrepreneurs starting or building a business with a partner or partners, one of the must-haves is a buy-sell agreement. This agreement establishes protection for all parties and the company should something happen or if an exit occurs for one of the business partners. Without such an agreement, many variables can emerge, such as a […]
16 Important Legal Requirements for Starting a Small Business
Starting a new business is a challenging pursuit. Part of what makes it so complicated is all the legal implications that come with starting a business. As a business owner, you want to make sure you have covered all your legal bases to avoid any fines, lawsuits, or—worst case—even jail time. Fortunately, there are plenty […]
6 Critical Questions to Answer When Drafting Your Buy-Sell Agreement
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 […]
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 […]