For the love of your business

Articles to LIFT Your Life and Business

Will I lose my home if my business files for bankruptcy?

Q: Will I lose my home if my business files for bankruptcy? —Homeowner/Business Owner A: Dear Homeowner: As a business operator, the line of liability isn’t always clear. You could lose personal assets—such as your home—if your business files for bankruptcy, but it depends largely on the way you have legally structured your business and the […]

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How can I foster transparency in my business?

Q: How can I foster transparency in my business? –Honest Business Owner A: Dear Honest: Transparency can help you identify and prevent potential legal and financial problems before they happen. So, how can you foster transparency in your business? Here are a few best practices to help you get started: Hire honest employees who won’t be […]

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How can a PLLC protect my business?

______________________________________________________________________________ Q: How can a PLLC protect my business? –Professional Entrepreneur A: Dear Professional: Deciding how to form your business entity requires finding the formation that provides you with maximum benefits and minimal investment. For licensed professionals, a PLLC (Professional Limited Liability Corporation) structure can provide many advantages while limiting your liability. Typically, any business that requires you to […]

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What Are the Tax Pros and Cons of LLCs?

Q: What Are the Tax Pros and Cons of LLCs? –Strategic Business Owner A: Dear Strategic: LLCs, or “Limited Liability Companies,” bridge the gap between sole proprietorships and traditional corporations, meeting an unmet need in today’s dynamic small business world. LLCs appeal to business owners because they combine the liability protection of a corporation with the tax advantages of […]

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How can I create an unhackable password for my business?

Q:         How can I create an unhackable password for my business? –Cautious Business Owner A:         Dear Cautious: Picking a strong password is a critical cyber security practice all business owners should master. Weak passwords can make your secure accounts vulnerable to hackers, increasing your risk of fraud, identity theft and security compromises. Strong […]

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How can I be smart about building my technology infrastructure?

Q:         How can I be smart about building my technology infrastructure? –Conscientious Business Owner A:         Dear Conscientious: Building or upgrading your technology infrastructure can be risky. Making the wrong decision about a system or device can result in decreased efficiency and unexpected costs down the road. Knowing what technology to invest in for […]

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How can I keep good records as a small business owner? What should I keep and what can I throw away?

Q:     How can I keep good records as a small business owner?  What should I keep and what can I throw away? –Conscientious Business Owner A:      Dear Conscientious: Keeping good records relieves stress and makes running your business easier and more enjoyable. But it may not look like what you think if you’ve […]

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Can I get a health care tax credit for my small business?

Q:     Can I get a health care tax credit for my small business?    –Curious Business Owner A:      Dear Curious: Health care tax credits can be a significant benefit for small businesses that want to provide healthcare for their employees. Not every small business will qualify for the tax credit. To determine if […]

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How can I protect my digital property?

Q:     How can I protect my digital property?       –Concerned Business Owner A:      Dear Concerned: As a business owner with a website, you know first-hand the time and resources put into developing effective and results-driven content. It takes planning, research, and designs to develop your site and your other pieces of digital property. […]

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Do I Need Insurance to Minimize Cyber Risk?

Q:     Do I Need Insurance to Minimize Cyber Risk? –Concerned Business Owner A:      Dear Concerned: Companies of all sizes are experiencing major data breaches at a startling rate. Many businesses are fortifying their cybersecurity to reduce this vulnerability. Nevertheless, some companies need extra protection, especially those that hold particularly valuable or vulnerable assets. […]

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Do I need to be worried about where my company might be sued?

Q:     Do I need to be worried about where my company might be sued? –Fretful Business Owner A:      Dear Fretful: As a business owner, you are smart to anticipate potential problems, and thinking about where your company might be sued (or, for that matter, where you might bring a lawsuit) is wise. Generally, […]

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