For the love of your business

Articles to LIFT Your Life and Business

3 Steps to Avoid Getting Taxed or Sued for Misclassifying Your Independent Contractors

With the rapid rise of the “gig economy,” which primarily relies on independent contractors instead of W2 employees, there’s been an equally steady climb in the number of Independent Contractor (IC)  misclassification cases filed against businesses. Most misclassifications are not the result of intentional violations of federal and state law, but rather, unintentional mistakes made […]

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Protect Your Intellectual Property With Copyrights

Just about every business owner—whether they know it or not—has created some form of intellectual property (IP) during the life of their company. IP is an extremely important part of your business. Indeed, valuation experts estimate that IP makes up 40% to 90% of the total value of some companies. When it comes to IP […]

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Do I need trademark protection?

Q: Do I need trademark protection? —Concerned Business Owner A: Dear Concerned: As a business owner, it’s vital to not only protect your tangible assets—office space, equipment, and finances—but also your intangible assets—inventions, branding materials, and written documents.   These creative works are known as intellectual property (IP), and to protect IP from being stolen […]

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The Ins and Outs of Chapter 7 Bankruptcy for Small Business Owners

It’s a simple fact of entrepreneurship: Small businesses fail all the time and for many different reasons, some of which are outside of the owner’s control. If you’re falling deeper and deeper into debt by keeping your company open, sometimes the best business decision you can make is to shut down the business and cut […]

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4 Things You Need to Know About Business Succession Planning

As a small business owner, you’ve likely spent plenty of time working with your business plan. But have you dedicated the same amount of time to planning for the continued success of your company after you retire? Or if you were to suddenly die or become incapacitated? If you’re like most business owners, the answer […]

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Corporations and LLCs Don’t Always Provide Personal Liability Protection

One of the primary reasons business owners set up corporations and limited liability companies (LLC) is to shield their personal assets from debts and other liabilities incurred by the business. Indeed, corporations and LLCs exist as separate legal entities from their owners, meaning the business itself can acquire assets, enter into contracts, and take on […]

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5 Essential Tips for Starting Your Own Business

These days, you’ll find all sorts of advice about how best to launch a business. But with so much information out there, it’s hard to know what you should heed and what you can ignore. To make things simple, we’ve compiled a list of five fundamental tips for starting a business that you can’t afford […]

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What is involuntary bankruptcy, and can it happen to my business?

Q: What is involuntary bankruptcy, and can it happen to my business? —Concerned Borrower A: Dear Concerned: While uncommon, creditors who believe they have no other recourse to get paid by a business debtor can force that company into what’s known as “involuntary bankruptcy.” Though involuntary bankruptcies against businesses do happen, several rigid conditions must […]

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Wellness Programs Boost Employee Health and Happiness—and Your Bottom Line

Business owners who launch workplace health and wellness programs can enjoy a wide-range of valuable benefits, not just for their employees, but for the entire company. Outside of a healthier and happier team, such programs can also increase productivity, save money, and even enhance your brand’s image among current and prospective employees. If you’re looking […]

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The Pros and Cons of Hiring Independent Contractors

If you’re a business owner, one of the most important choices you must make is whether to hire full-time employees or use independent contractors (IC). While the two classifications may seem quite similar, they both come with a wide array of unique advantages and disadvantages. What’s more, if you make a mistake when classifying your […]

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What Business Owners Should Know About Non-Compete Agreements

Non-compete agreements are commonplace in today’s workforce. According to reports from the U.S. Department of the Treasury, roughly 19 percent of American workers, or 30 million people, are currently covered by non-compete agreements. While non-compete agreements are fairly widespread, they’ve come under fire lately in the courts as being unfair to employees and imposing overly […]

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