One of the most important steps when starting your business is deciding what you will name it. Choosing a name takes a lot of work and research because you want to make sure you have a unique name. It is also important to make sure your business is easily found online and not confused with others. Here are some more important points regarding the name of your business.
There are many things you are thinking about when starting your new business and it can all easily get overwhelming. One of the biggest questions you ask yourself might be whether to form a limited liability company taxed as a partnership (LLC) or a corporation making an S election (S corp). We have summarized the similarities and differences between both here for you so you can have a better understanding before making this important decision.
Closing down your business for any reason requires steps that must be taken before you move on. It is important that you do this process the right way so that you are not facing any difficulties in the future and are not personally liable for anything. Here are some of the most important steps you must take during the process of closing down your business.
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.