When starting a new business, an early decision involves choosing a legal structure for your operations. A popular choice for many is a limited liability company (LLC), which is relatively simple to set up and maintain. While an LLC is ideal for many, if not most,...
Starting a business venture is both exciting and stressful. Some things can go wrong, but you understand that with hard work comes success. Many entrepreneurs question whether they should have a sole proprietorship or consider a business partner. Understanding the...
Forming a business involves several aspects, including securing protection against unpredictable situations. Accordingly, business owners usually acquire business interruption (BI) insurance to protect their businesses from monetary losses due to certain events. If...
A business must set clear goals and outline methods to reach them. This is called a business plan. Understandably, those new to the business world may feel uncertain about where and how to establish their business plan. It begins with asking the following questions:...
If you are new to the business industry, you might hear about the concept of a company spinoff. A spinoff is when a division of an existing company or organization separates from it and becomes an independent business. Why does it happen? A spinoff could happen for...
Starting your own business can be an exciting experience; you get to be your own boss! But then comes the decision to decide whether your business will be a sole proprietorship or a limited liability company (LLC). Which one should you pick, and why? What are the main...
When you’re in the process of setting up a new business, it can feel like there are a million things that need your attention. It’s equal parts exciting and stressful. If setting up a limited liability company (LLC), one of the most important things you can do is to...
If you start a business with a partner, it is wise to create a partnership agreement at the beginning, which you will both sign. You are not obligated to do this, but there are many reasons that it can help. Nonetheless, some people are a bit hesitant, perhaps because...
Mergers and acquisitions are both ways that two companies can join together. While these terms are often used interchangeably, there are some specific differences. These can have a profound impact on the ultimate outcome of business operations. Mergers and...
The legal structure of your business will affect your relationships with investors, the government and even your creditors. Therefore, you need the proper business structure that meets your business needs. When choosing your business structure, it is necessary to...
