Staying up to date on the ever-changing rules and regulations that apply to businesses can be challenging. Small business owners are often acutely aware of the laws and regulations facing their businesses. However, these laws are constantly being updated, and with the constant demands of day-to-day business operation, it can be easy to overlook them. […]
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Seven Essential Steps for Business Startups
7 essential steps for business startups Pick a business name and check availability Before you order stationary, signage, and other branding for your startup business, make sure the name you have chosen for your product or business will not conflict with an existing business. To do that you will need to perform a trademark search to […]
What is a General Partnership?
While inexpensive to set up, a general partnership, potentially saddles the partners with big personal liability. As your business grows, consider a business structure that limits liability for owners, such as a limited partnership, limited liability company or corporation. Pros and cons of a general partnership Here are some of the pros and cons to […]
How to Protect Your Business From a Lawsuit
As a small business owner, you face the risk of a lawsuit every day. It can cost money, time, your reputation and cause stress. Lawsuits can also put some companies out of business. It may not be possible to avoid every legal claim against your business, but it’s important to limit your risk of a […]
If you own a small business, either alone or with partners, consider forming a limited liability company.
If you own a small business, either alone or with partners, consider forming a limited liability company. With an LLC, your personal assets are protected from business creditors and from business-related lawsuits. At the same time, you maintain flexible management and are taxed only on your share of the profits. Consult a business formation attorney […]