No one wants to end up dealing with a potential court case. Prevention is one of the best ways to cut down on the chance of ending up entangled in litigation. An employee handbook is one of the best tools of prevention available. It can help a business obtain its...
A well-written contract usually addresses the provision of work or services, how much they will cost and who will pay. What should you include in a contract to ensure that it achieves the goals the parties have in mind and is a legally binding document? Format and...
You are about to open your own consulting firm and you were originally considering launching it as a sole proprietorship. However, other options come to mind, and you may decide in favor of a limited liability company (LLC). What are the benefits and disadvantages of...
While there are many types of business structures in the U.S., few offer more protection for business owners than limited liability companies. After all, according to reporting from Business News Daily, LLCs protect personal assets from the company's creditors. This...
If you have a brilliant idea for a product or service, you may be itching to get it to customers. Still, you simply may not have the capital to turn your dreams into reality. You also may not have what it takes to do business on your own. Either way, you may be...
When you start a business, you will need to draft a business plan. This document is of the greatest importance. Your business plan acts as a roadmap for your company. It will help you to figure out all the essential details of how your business will run. The U.S....
If you want to start a business, you may be considering taking on a partner. There are many benefits of having a partner, especially if this is your first business endeavor, but you should think it through before making a decision. One of the most important things is...
As you form your business, you must decide how to structure it. One of the easiest formation structures is the partnership. When you have a general partnership, all partners have equal debt and liability. They have an equal say in the management of the company. When...
How much does the form you choose for your business matter? It is one of the most significant decisions you will make for your business because it informs just about every decision you make thereafter. Can you change your mind after you choose a business form? It...
Some business structures sound so similar that it is easy to confuse one for the other. However, even the slightest difference between business types could affect how your business operates. The distinction between a limited partnership and a limited liability...