For the love of your business

Articles to LIFT Your Life and Business

Does Your Business Need Commercial Liability Umbrella Insurance?

Nearly every week, the news is filled with headlines announcing that some big company lost or was forced to settle a lawsuit for mega millions. While big-name corporations may be able to survive such litigation relatively unscathed, for small and medium-sized businesses, just a single lawsuit could sink your entire operation. Even if your company […]

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The Cost of Misclassifying Employees as Independent Contractors

The rise of the “gig economy” has led to a dramatic increase in the number of businesses using independent contractors (IC) instead of traditional W2 employees. At the same time, there’s been a sharp uptick in the number of companies being penalized and/or sued for misclassifying workers as ICs. Indeed, within the past 10 years, […]

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Can Bankruptcy Save Your Business?

If you’re struggling with debt, but don’t want to shut down your business, bankruptcy might be one way to save your company. While this may sound paradoxical, many big corporations— American Airlines, General Motors, and Kodak—have successfully used bankruptcy to restructure debt and get a fresh start. The main difference between you and a big […]

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What Small Business Owners Should Know About Embezzlement

If you own a small company where you personally know and interact with everyone who works for you, it can be hard to fathom that one of those people would ever steal from you. But the fact is, embezzlement happens all the time, even at small, family-owned businesses. Indeed, according to a 2017 study on […]

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The GDPR—What It Is, Who It Impacts, and How to Comply

Like everyone else, you’ve probably been getting a ton of emails and online notices announcing that companies are updating their privacy policies and/or website tracking tools. Although businesses do this from time to time as part of routine updates, practically all of the latest notices are aimed at complying with a new European Union (EU) […]

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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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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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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 Types of Insurance Every Business Should Have in Place

Before you open your business, it’s imperative to have proper insurance coverage. A single lawsuit or catastrophic event can wipe out a company before it even has a chance to get off the ground. That said, there are many types of insurance out there, and some policies can be extraordinarily expensive, so it’s critical to […]

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5 Tips for Securing and Protecting Your Clients’ Data

All businesses big and small are responsible for protecting the personal and corporate data of their client base. This data can include everything from names and addresses to Social Security numbers and credit card account information. It’s not only good business sense to safeguard your customer data—it’s also a legal requirement. The Fair Credit Reporting […]

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4 Cryptocurrency Risks and Scams and How to Navigate Them — Part 2

Last week, we shared the first part of our series on cryptocurrency risks and scams, and if you haven’t read it yet, you can do so here. In part two, we discuss two more common traps for business owners to be wary of in their digital currency dealings. If you are considering using cryptocurrency as […]

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