For the love of your business

Articles to LIFT Your Life and Business

Do We Really Have to Write It Down? Which Contracts Must Be in Writing?

Have you ever wondered which types of contracts must be in writing to make sure you get the benefit of your bargain? All of the U.S. states have some form of what is known as the “Statute of Frauds.” Under this law, or laws, some contracts must be in writing to be enforceable. The Statute […]

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Need Capital? Women Entrepreneurs Continue to Grapple with Gender Disparity in Business Capital Accessibility

The small business sector is a major force in the American economy, responsible for two-thirds of jobs in the private sector. But despite significant progress, female business owners continue to suffer from a gender gap in factors that influence small business financing. Often this is simply because women are less likely to identify what they […]

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Personal Growth as the Path to Support Financial Growth of Your Business

Many businesses can be started with a small financial investment. Online consignment, pet-sitting, and ride-share driver are just a few. But to grow your business, you need not just capital but internal insight. You need to understand just what makes you tick, otherwise the business will either quickly take over your life or it is […]

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Family Business Options When Dealing with Divorce

If you co-own a family business with your spouse and you are facing divorce, a likely concern is how your business will be handled through the separation proceedings. The good news is, it’s really all up to you. And, so much of it depends on the legal counsel you have representing you. Much of how […]

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Ways to Manage Increasing Healthcare Costs for Small Businesses

The good news about healthcare costs in the United States is that they have decreased from 6-7% per year to just around 4%. The bad news is that health care costs continue to rise faster than workers’ incomes. For small businesses, this is a recipe for disaster. They are caught between increased costs for employer-sponsored […]

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Common Ways to Finance a Small Business

If you have decided to take the plunge into the world of small business, you are likely evaluating finance options. Most businesses require some initial influx to cover startup costs. Before you embark on the exciting journey of owning a small business, however, it is important that you evaluate the financing options available to you. […]

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Partnerships and LLCs, Take Heed of New Tax Law

Beginning with tax year 2018, all partnerships and limited liability companies (LLCs) taxed as partnerships will be affected by a new federal tax audit law. In 2015, the Bipartisan Budget Act repealed the earlier audit system, known as TEFRA, and replaced it with entirely new taxation audit provisions. It is important for those affected by […]

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Sports Authority Files Chapter 11 Bankruptcy: Lessons for Small Businesses

Just last month, the nation’s former largest retailer of sports apparel and equipment filed for Chapter 11 bankruptcy protection. What can small business owners learn from Sports Authority’s failed business plan? After all, if the retail giant that owns the naming rights for Denver’s Mile High Stadium can’t make it, what hope is there for […]

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Important Deadline March 15 re Your Business Entity That Could Save Thousands on Next Year’s Taxes

If you have a newly incorporated LLC or Corporation, you only have until March 15 to elect S-Corporation status for the 2016 tax year, using IRS Form 2553. This is important because there could be significant tax consequences to you, if you do not elect for S-Corporation status. As the owner of an LLC interest, […]

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How Do I Keep Track of All These Tax Deadlines?

If you own a business, particularly if it is a new business, you are probably concerned about how to track tax deadlines.  Fortunately, the Internal Revenue Service has developed several methods to help with this very problem.  First, though, you must know which taxes you are required to pay. Which Taxes? The tax and information […]

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Benefits of a Home-Based Business

With the advanced connectivity options available through the internet and associated devices and applications, more and more people are earning a living by working from home. Many of us, however, may be so ingrained in the notion of being employed and reporting to work at a fixed location that we may not be able to […]

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