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...
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Business Law
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...
How can you decrease your cyber threat?
Cyber-attacks are a real threat to your business. As many as 88% of companies fear becoming vulnerable to an attack. According to the U.S. Small Business Administration, in 2020, cyber-attacks will cost businesses $2.7 billion. Fortunately, there are ways small...
What does an LLC designation do for you?
Starting a business may afford you the chance to run things your way, but before launch, you have to develop a solid plan for legal incorporation. A popular classification for new business ventures is the limited liability company or LLC. While the IRS sets out...
Avoiding worker misclassification in your business
Worker misclassification is an easy mistake to make if you are running a small and close-knit business. Even if you do not intend to take advantage of your team members, you may be overlooking some of their rights. Worker misclassification is when an employer...
Is a trust beneficial to your family?
Even though it is not pleasant to consider your death, creating an estate plan can help your family through a difficult time. A prominent issue after a loved one's death is access to money during probate. Since the court process may take a few months, your money and...