June is a great time to take a look at how your small business spends money. And as long as you’re looking at how you spend it, you might as well look at how to preserve some. Those small saving steps can add up to serious cash over the course of the next twelve months. [...]
Money is tight right now. Banks are more selective than ever when it comes to approving loans, and that has had the effect of suppressing the market for small business start-ups. Nonetheless, working capital is essential if you want to succeed, regardless of whether you’re just getting started or if you’ve been in business for [...]
There are a multitude of reasons to have a living trust. We can’t begin to cover them all, but we will touch on three reasons very briefly here. Reason #1: Protecting Property for Certain Beneficiaries When most of us think about estate planning, we think about passing our property to our family and other loved [...]
You may have a number of reasons to consider starting your own business. The most important question you should consider is whether you want to be an employee or an entrepreneur. Even if you start your own company, you still have to determine whether you are going to work in or on your business. There’s [...]
Starting May 24, 2011, the Amendments to the Americans With Disabilities Act (ADAAA) are effective. The new rules provide for a much broader definition of “disability”. That means that more disabilities will be covered and afforded protection under the Act. As a small business owner, you need to shift your approach from verifying that an [...]
Hiring kids for summer jobs is a long standing tradition, especially for small businesses. It’s a win for everyone involved – the kids get a little work experience and some extra money and the businesses get a somewhat less expensive and highly energetic work force for the summer months. Well, at least it’s less expensive [...]
Most people, especially small business owners, are all too familiar with the concept of forming a corporation to protect and separate their personal assets from their business. But fewer people understand the corporate structure of the Limited Liability Company or “LLC”. Just as with many other changes to or new approaches in the field of [...]
Ever heard the old saying “An ounce of prevention is worth a pound of cure?” As a small business owner, you would do well to bear that sentiment in mind when you’re hiring employees. If you want to avoid employee problems, don’t hire problem employees. To avoid hiring the wrong people, you need to do [...]
Paperwork can be a pain. You never want to let it distract you from running your business, but crossing the proverbial “T’s” and dotting those “I’s” is very important. The reason is that your business entity protects you. It shields your personal assets from any liabilities that may be incurred by your business entity, whether [...]
So you’re in the planning stages of your new business venture… Or maybe you’ve been operating for awhile but just hadn’t gotten around to doing the “business” paperwork… Chances are your CPA has reminded you that no job is finished until the paperwork is done and you know it’s time to make your business structure [...]
