An LLC can offer small business owners the best of both worlds. Here's the rundown on how to form an LLC, or limited liability company.
As a business owner, tough decisions come every day—but are you handling things ethically within your business, and making ethical business decisions?
Understanding the risks involved in delivering goods will ensure that you're protected, and help to avoid your profits going down the drain if issues arise.
Not only are there legal considerations involved in setting up your storefront; when you set up the online arm of your business, there are additional considerations that you need to keep in mind as well.
To make your life a little easier, we’ve scoured a number of government websites and compiled a list of laws and regulations that affect every business.
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. Because some employment laws vary from state to state throughout the country, some of the information that follows may not be applicable to a particular business or employer....
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...
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...
Hiring professionals for a small business is an important process. The best attorney for your business will depend on what the legal needs are for your company. In fact, there is a good chance there is no one attorney who can handle everything, so the best attorney may actually turn out to be a law firm...
There are some tax mistakes commonly made by small business owners as well as some common deductions that aren't taken, many of which you want to avoid next spring when doing your company taxes for 2013.
So you’re starting a business…Great! But most likely you don’t start a business before thinking about it and doing some research. Did you know that you can get deductions for “startup” and “organizational” expenses related to thinking about starting a business? You do have to go on to actually start the business and earn money,...
It’s your responsibility as a business owner to make sure that your LLC or corporation stays compliant with state rules and regulations. By implementing these three simple tips, business owners will rest assured that their businesses remain in good standing.
Is it better to continue to concentrate on your main business, or should you focus on certain aspects of your company and grow those as their own ventures?
The bill was drafted to close what is seen as a tax loophole -- one that has allowed online retailers to avoid collecting sales tax. If the bill makes it through the House, President Obama has indicated he will sign it into law.
Are you trying to figure out how best to prepare your business for the the impending implementation of the Affordable Care Act (ACA)?
The world is quickly becoming a smaller place and it’s making more sense for companies to uproot and locate elsewhere, reducing staffing and production costs. Relocating your business isn’t a light decision though, no matter how much more cost-effective it may be. If you are considering moving your company to another country, we’ve outlined a list of things for...
You’re about to enter the big bad world of owning your own business, and you’ve been advised that becoming a ‘sole trader’ is the best option for yourself. But what is a sole trader, and do the positives out way the negatives? “A sole proprietorship, also known as the sole trader or simply a proprietorship,...
Filing for a ‘Doing Business As’ name is usually nowhere near the top of a small business owner’s to-do list. It costs money, requires you to fill out paperwork and, depending on where you do business, might mean running an announcement in a local paper for a few weeks. Many people just put it off,...
Running your small business without the proper insurance is a little like skydiving without a parachute. Many variables determine what sort of business insurance you should carry, including the size of your business, whether or not you have employees, and what sort of work you do. Wading through all of the insurance laws and recommendations...
As is the case with many small businesses, owners often don’t take a salary but do incur expenses. I attend many meeting and events to do with my business and am able to charge for my mileage. My accountant takes the total mileage into account at year end and any GST/HST owing is added to...