Ignorance of the law does not constitute a defense. One small oversight in your LLC agreement, and you might lose control over your business - and every dime it brings in.
An LLC agreement tailored to your specific needs might be the difference between success and failure for your new business endeavor or startup.
Before you even start, know how to set up your LLC the right way by reading this article. Learn more...
Although being online is one of the best ways to market a company, many companies struggle to make money from it. While some companies are able to turn their company’s web presence into a successful marketing tool, others are still struggling with this issue. Here are five tips on how you can make money from your company’s online presence today. Read more here...
When you realize that your biggest personal and business expense is taxes, it can come as quite a shock. Seeing so much of your money wind up in the government's hands can feel like a shakedown. So, it's crucial to strategize to reduce your taxes. Some people resist enforcing creative tax strategies because they're worried it will get them in trouble with the IRS. However, as long as you do things properly, there's nothing illegal about strategizing to pay the least amount of taxes possible.
Democrats in the House of Representatives released a new $3.5 trillion proposed spending plan that includes a wide array of changes to federal tax law (increase in personal and capital gains tax rates, etc.). Yet, the proposed law is still under consideration and far from being finalized. If your business or personal finances stand to be impacted by any of these changes, you must act quickly to ensure that whatever actions need to be taken can be planned and executed before the end of the year.
Choosing the person to take over your business after your exit isn't about selecting someone who's exactly like you or even selecting someone you like. The most important thing is that you choose someone who's not only well-qualified for the role but also has the vision and skills to lead your company into the future. With so much riding on your decision, you should be careful to avoid these three common mistakes business owners often make when naming successors.