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Common Ways to Finance a Small Business

Common Ways to Finance a Small Business If you have decided to take the plunge into the world of small business, you are likely evaluating finance options. Most businesses require some initial influx to cover startup costs. Before you embark on the exciting journey of owning a small business, however, it is important that you…

Do You Need a Shareholders’ Agreement??

Consider a shareholder for any type of business? If you are considering going into any type of business with others and are looking for some protection and peace of mind about your future relationships and protecting your assets with them, you should consider a shareholders’ agreement. What is it? A shareholders’ agreement is a document…

KNOW THE CONTRACT YOU ARE ABOUT TO SIGN?

DIY’d a contract? it could come back to haunt you. Imagine this. You’re in a courtroom getting sued. You’ve done nothing wrong, except sign a contract you did not fully read nor comprehend. Now, your choice to DIY a contract has come back to haunt you, causing expensive litigation. This unfortunate scenario is not a…

Best Practices for Business Partnership Agreements

The Partnership Agreement Will Become the Cornerstone of Your New Enterprise?   Starting a new business can be an exciting time, but one of the most important steps in forming a partnership should never be rushed.  The partnership agreement will become the cornerstone of your new enterprise and needs to both define everyone’s roles and…

How Do I Keep Track of All These Tax Deadlines?

How Do I Keep Track of All These Tax Deadlines? If you own a business, particularly if it is a new business, you are probably concerned about how to track tax deadlines. Fortunately, the Internal Revenue Service has developed several methods to help with this very problem. First, though, you must know which taxes you…

Sports Authority Files Chapter 11 Bankruptcy

  The Downfall of Sports Authority Just last month, the nation’s former largest retailer of sports apparel and equipment filed for Chapter 11 bankruptcy protection. What can small business owners learn from Sports Authority’s failed business plan? After all, if the retail giant that owns the naming rights for Denver’s Mile High Stadium can’t make…

You Can Improve Your Work-Life Balance

You Can Improve Your Work-Life Balance A major topic of discussion in the business community is work-life balance. Business owners are concerned about this issue because they do not want quality employees to burn out; employees are concerned about this issue because they want to have meaningful personal lives, as well as purposeful jobs. The…

Why Diversity?

Most of us have been exposed over the years to discussions in the media around the issue of diversity. The concept is applied to most of the structures of our society — schools, employers, governmental bodies, and so on. For businesses, the interest in diversity stems largely from legal mandates such as the federal Civil…

Your Most Valuable Resource and How to Reclaim It Now

As a business owner, you likely spend most of your time thinking about money, profit margins, and cash flow. But, your most valuable resource is actually your time and it’s time for you to invest a lot more of your energy using the money, which is infinitely renewable, to free up what’s nonrenewable your time,…

Your Business Entity Could Save Thousands on Next Year’s Taxes

Your Business Entity Could Save Thousands on Next Year’s Taxes If you have a newly incorporated LLC or Corporation, you only have until March 15 to elect S-Corporation status for the 2016 tax year, using IRS Form 2553. This is important because there could be significant tax consequences to you, if you do not elect…

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