Starting a business venture is always a bit of a gamble. If your business eventually fails, though, you do not want your personal wealth to be in jeopardy. According to reporting from Yahoo!, protecting personal assets from the business's creditors is one of the more...
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Business Law
3 mistakes to avoid in business contracts
Contracts may not be anyone's favorite thing to deal with, but ironclad agreements serve as protection when doing business. However, many companies rush the process and leave terms unclear or missing. Being careless with contracts can be costly, as in the example of a...
3 reasons why many small business owners form LLCs
The United States is a land rich in businesses, small, medium and large. According to the U.S. Census Bureau, it was home to almost eight million small ones in 2022. When starting a small business, one of the major decisions entrepreneurs must make is what kind of...
How can you create solid business contracts?
As a business owner, a large part of running your operation involves forming ongoing agreements with employees, suppliers and customers. For this reason, creating business contracts is something your organization likely does on a regular and ongoing basis. According...
Reviewing data on employment discrimination as a business owner
Understanding your options is crucial if you run a firm currently facing an employment discrimination case. It is helpful to go over data on employment discrimination to understand the prevalence of these cases. Business owners should also take steps to prevent...
What should you know before forming an S corporation?
Understanding the type of business formation you wish to use is essential to making the right choice. If you have decided that you want to form an S corporation, it can help to learn a little about the unique aspects of this choice. The IRS states an S corporation's...
How can you vet charitable organizations for your business?
Giving back to charity can give your business a sense of purpose and strengthen your connection to your community. Often, charities will approach business owners for donations, especially toward the end of the tax year. Unfortunately, not every charity wants to give...
When is it time to form an LLC?
Anyone can form a sole proprietorship. However, it makes more sense to transition into a limited liability company or corporation at some point. Most businesses that turn a profit benefit from incorporating. If you have a growing business, continue reading to learn...
What you should know before starting an LLC
When you start a new business, there are several different ways you can structure it. Each business structure has its own strengths and weaknesses. If you start a limited liability company, you can combine the advantages of several different business structures in...
How to deal with business disputes
Disputes are quite common in business. Disagreements can occur between partners, between an employer and employee, between the company and a vendor or between the company and a customer. When disputes do occur, there are various ways to resolve them. There are also...