Posts tagged with "small business owners"



Business · October 05, 2022
4 Financial Hacks To Kickstart Your Startup
Starting a business may be challenging in a number of ways. The most difficult aspect of starting a business is raising funds in the early stages. The health of your business is dependent on creating and sustaining a consistent cash flow. If you don't have cash flow, your business can't pay your bills, hire employees, buy items, or keep consumers coming back. You could consider getting an MBA to help you make a lot of money. However, all you need is a little common sense on how to manage it.
Business · September 28, 2022
8 Questions To Ask Yourself Before Launching A New Business
If you're thinking about starting your own business, you must have a distinct vision for success. Many would-be entrepreneurs start the business field with exaggerated hopes for success. You must approach your new endeavor with an open mind, just like any serious endeavor. In light of this, the following eight queries should help you decide if company ownership is the correct career route.
Business · August 02, 2022
How Using The Right Legal Agreements Can Safeguard Your Intellectual Property
Using independent contractors (ICs) can give your company an edge in today's thriving gig economy, but if you're not careful, contractors can also be a serious liability. In fact, working with ICs comes with a number of unique legal and financial risks that can be potentially ruinous to your business if not handled properly.
Estate Planning · July 29, 2022
4 Essential Strategies For Protecting Your Family's Assets
You might think only the wealthy need to worry about asset protection planning. But the truth is that if you don't have millions, you may be at even greater risk. For instance, if you're a multi-millionaire, a $50,000 judgment against you might not be that big of a deal. But it could be devastating for a family with a modest income, savings, and home. Before it's too late, learn the strategies you may use to safeguard your assets.
Business · June 28, 2022
4 Fundamental Asset Protection Vehicles For Business Owners
Regardless of what industry you're in, the reality of being a business owner is that you open yourself up to a number of unique risks that most people don't have to worry about—and the more successful your business is, the more risks you face. And because most business owners aren't fully aware of all the potential risks that can affect their company or the options available to protect their personal assets from the risks of doing business. This is where asset protection planning comes in.
Business · June 21, 2022
6 Essential Strategies For Starting A New Business
If you are thinking of starting a business, you’ll find all sorts of advice about how to go about getting your new venture off the ground. Indeed, there are entire websites devoted to the topic. Yet, with so much information out there, it’s hard to know what you should heed and what you can ignore. To make things simple, we’ve compiled a list of six essential strategies for getting your new business up and running with the least amount of hassle and risk.
Business · June 07, 2022
5 Best Practices For Establishing Healthy Boundaries With Clients
Establishing and enforcing healthy professional boundaries with your clients is critical for all business owners, especially if you own your own business and work from home, where the lines between work and home life are easily blurred. If you need support establishing healthy professional boundaries, reach out to us, your Family Business Lawyer™.
Business · October 19, 2021
Why Operation Agreements Are A Must For Business Owners
Often owners and managers of small businesses often know each other before they go into business together. Sometimes, they're even related. Preexisting relationships can help propel small businesses forward, especially when there are high levels of trust and competence. However, familiarity is sometimes accompanied by a lax attitude toward operational formalities. So, it's best to have a skilled business lawyer who can help you structure your operational strategies properly.
Business · October 12, 2021
With Tax Laws in Flux: What Should Business Owners Do Now?
As we wrote last week, 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 laws that may affect your business and estate plan. While the proposed legislation is still under consideration and far from being finalized, and with the time it takes to plan and execute some of the financial and estate planning actions, we suggest you start strategizing now with your Family Business Lawyer.
Business · April 20, 2021
What You Should Know About the Corporate Transparency Act
Included within the 2021 National Defense Authorization Act passed on January 1, 2021, is the Corporate Transparency Act (CTA) that requires certain small businesses based in the U.S. to report the identities of their owners and organizers to the Department of Treasury's Financial Crimes Enforcement Network. It's an update to the federal government's anti-money laundering laws and designed to crack down on shell companies created for illicit financial activities.

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