I recently created a video for The LLC Expert website- explaining why any business owner should always do business through an asset protection vehicle such as an LLC (limited liability company). Many think through this analysis of whether to start an LLC the wrong way. For example, it is improper to think that you do [...]
The Internet is fundamentally based on the creation of a widespread and viral method of sharing information and most information posted on the Internet is FREE. Despite this, the content posted by anyone on the Internet is protected by copyright laws. Republishing or otherwise copying any articles or other content without the permission of the [...]
The initial reaction in times of economic hardship is to buckle down and hoard money. So, many would not even consider the idea of making an investment of your time and money to start a business may not even enter into the minds of people. . . unless they have been laid off and are [...]
For any business, online or off, you should always be looking at complimentary services and products in your industry. Then, you should go and strike business deals with those companies to package your products or services together or to cross sell to your customers. This is very common in the online business world where affiliate, [...]
Another question I get often is whether an online business owner can register a domain name with a big name in their space. The goal here is that the search engines give some value from a search engine perspective to words in a domain name. For example, if someone sells a product or service related [...]
One big issue with the Internet is that it is really easy for competitors and other businesses to publish and share content on the Internet. Because many Internet businesses are so easily reproducible, the biggest competitive advantage you can create is developing your BRAND in your market. Think about the best brands on the Internet- [...]
Business owners seem to dread the obligation to provide their employees with reviews each year. Even if one will not come with a raise (which is likely this year given the economic environment), it is a good idea to conduct these annually. First, employees want to know how they are doing. Your employees are your [...]
I love business development deals because these are the one plus one equals three business arrangements that can make a business grow extremely fast. A business development deal is generally one when you partner with another business to create a business channel that benefits the businesses of both sides. Now, these deals can be a [...]
After working with small businesses for over 15 years, I have to answer this question with a NO. I always try to persuade any client who I work with not to ever have a 50-50 ownership business. This is always a tough conversation to have because in most instances, the new business venture sounds exciting [...]
My answer is very clear – NO. Given the very low costs to form a limited liability company or a corporation, and the relative ease of maintaining one of those entities, it just NEVER makes sense to operate a business without one. If you operate a business as a sole proprietor, you are 100% personally [...]