Law and Taxes

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Starting a New Business? Here’s What You Can and Can’t Deduct

If you’re planning to use your personal savings to launch a new business, you’ll be happy to hear that many of the costs you’ll incur are tax deductible. In this article, we’ll go through what you can and can’t deduct during the startup phase of a business, to help you spend strategically and get a...

By Cameron McCool | Shares

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5 Common Workplace Lawsuits and How to Avoid Them

Disclaimer: This article is intended to be general information only. Nothing in this article constitutes legal advice. Please consult with an attorney before making any legal decisions. Many employers assume that because they are “good” to their employees, they aren’t breaking any employment laws. Although this is sometimes the case, employers are often surprised to...

By Steven Cook | Shares

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Intellectual Property 101

Disclaimer: This article is intended to be general information and nothing in this article constitutes legal advice. Please consult with an attorney before making any intellectual property or other legal decisions. Does your business have intellectual property? If someone asked whether or not your business has Intellectual Property (IP) and your answer is “I do not...

By Mary Juetten | Shares

506 (c) and crowdfunding

506(c) Offerings and Crowdfunding: What’s the Difference?

In the last two years, regulations set by the Security and Exchange Commission (SEC) have undergone several changes. These changes were the result of the 2012 Jumpstart Our Business Startups Act. The JOBS Act, as it is more commonly known, was intended, in part, “to reduce barrier to capital formation, particularly for smaller companies.” In...

By Andrea Uptmor | Shares

What is a benefit corporation?

What Is a Benefit Corporation?

I recently wrote a post on social enterprise, discussing what it entails, and what some of the legal structure options are for a business when the focus is on a social mission. The benefit corporation option is one such legal structure. It’s a fairly new structure, with the first one of its kind coming into existence...

By Angelique O'Rourke | Shares

social enterprise

What Is a Social Enterprise?

A social enterprise is defined by its mission, specifically that it makes a positive contribution to a social cause. Because of this, the structure of a social enterprise can vary. Nonprofits are certainly social enterprises, but many for-profit companies fall into this category by making the conscious decision to have their focus be an altruistic...

By Angelique O'Rourke | Shares

What is an L3C?

What is an L3C?

In recent years, socially-minded entrepreneurs have begun testing a new type of business entity: the L3C, or Low Profit Limited Liability Corporation. A low-profit limited liability company, or an L3C, is a legal structure (a variation on a limited liability company or LLC) that is relatively new to the United States. The United Kingdom began...

By Angelique O'Rourke | Shares

4 Things You Should Know About Small Business Taxes

4 Things You (and Every Small Business) Should Know About Taxes

Recently our Bplans audience had the chance to attend a free webinar on Small Business Taxes, hosted by the CEO and founder of TaxAlli.com, Zach Olson. The webinar was extremely informative, and we had a lot of great questions from our attendees. As a follow up for our registrants, and in case you didn’t have a...

By Jonathan Michael | Shares

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