Taking a break from your business will not only help your business and employees, it will also help you mentally, physically, and/or spiritually. While it can be hard to leave your business that requires your daily attention, taking a break will benefit it in many ways. A retreat will help your employees gain great learning opportunities and helping you discover business ideas as well as connect with other entrepreneurs.
You might think your corporation and limited liability company (LLC) will protect your personal assets, that may not be the case if you aren’t careful in the way you’re running your business or handling finances. There are several circumstances that can lead you to be personally liable for corporate or LLC debt. Here are some things to consider if are thinking of incorporating or already own a corporation or LLC.
One of the commonly made mistake for most new business owners is not having a solid legal foundation. To make sure your startup is protected, you must have a set of key legal agreements in place. These agreements will help you and your company stay strong through unforeseen situations and circumstances. Read what those 4 core legal documents are.
With the changes in the tax laws, it is very important that you are taking full advantage or are aware of the ways these changes can impact your business. Here are the major changes in the tax laws that can affect your business, be sure you understand them and are using them to help your business. You also want to be aware of the changes so your business is not being negatively impacted.
If you want your company to succeed, you will first need to make sure your employees are happy and healthy. By offering your employees simple benefits such as access to gym and healthier eating options, their productivity will increase significantly. As you do your best to make sure your employees are doing well, your employees in return will make sure they are doing their best for the company. Here are some ways to motivate your employees.
Intellectual property (IP) gives your company most of its value, which is often underestimated by business owners. Protecting your IP assets should be top priority so that your business is not at risk. There are a lot of assumptions made about IP, which can cause your business problems if not taken care of the right way. Check out these myths and make sure you are not following them.
There are many things to consider while estate planning, as well as after your estate plan has been created. Getting the process started is just the first step, you want to make sure it covers everything in your life just the way you desire. After it is complete, it must keep it updated with all the changes happening in your life. An estate plan is the most important plan of your life and you want to make sure it is done right. Read here how to avoid making some of the most common mistakes.
If you want to help pay for your adult child's college tuition, you can do so and deduct it as a business expense. It will continue to be harder to pay for college with costs guaranteed to rise over time, but you may find a little relief after discovering how to properly maximize your tax benefits and help your children or grandchildren at the same time. Here's some information to get you started, along with a checklist to make sure your adult child is eligible.
If you think it's awkward to discuss death while you are alive, it's even worse when your family members are left emotional and confused without some sort of guidance after your death or in an emergency. Putting off talking about these situations will do no good to you and your family. These famous celebrity stories highlight how important it is to not only to have an estate plan, but to also make sure it is regularly updated.