One really important step when starting a small business is coming up with a name for your company. There are two main areas of law to concern yourself about. The first is business organizations law. Whether you plan on using a limited liability company or a corporation, the name you use must be available for [...]
November 20th, 2008 | Posted in Business Planning,Legal | Read More »
A busy entrepreneur gets so engrossed in trying to handle all the different things that are required when starting and operating a business. One major mistake of many first time entrepreneurs is that they sign contracts left and right without ever looking at them. This can be a fatal mistake in business. I understand that [...]
November 12th, 2008 | Posted in Business Planning,Legal | Read More »
It amazes me that business owners still ponder over whether to run their businesses as a sole proprietor as opposed to using an asset protection vehicle such as a corporation or a limited liability company. All you have to do is look at the small business lawsuit statistics in this country to know that the [...]
November 10th, 2008 | Posted in Business Planning,Legal | Read More »
If there was only one tip I could give to business owners that will definitely reduce later problems, disputes and lawsuits, it would be to get every business deal and arrangement you strike IN WRITING. Memories fade and different people attach different interpretations to business arrangements. It is a fact of business that most plan [...]
November 10th, 2008 | Posted in Business Planning,Legal | Read More »