Liability insurance is a valuable form of protection needed by most businesses. Choosing the right policy for your business can be tricky, so it’s important to understand what liability insurance covers before you make the investment. If you get sued for personal injury or property damage, general liability insurance will cover the cost of counsel […]
Read MoreQ: How can I boost my authority as a business owner? Business Owner– A: Dear Business Owner: Authority in the business world can be the decision-making influence that gets you hired. But many business owners don’t know how to practically establish authority. You can boost your authority as a business owner by: Developing a trusted […]
Read MoreFamily businesses tend to bring to mind small mom and pop enterprises that make a profit but aren’t necessarily industry leaders. True, you can find mom and pop at the helm in many family owned and operated businesses. But an analysis done by Boston Consulting Group found family controlled businesses account for more than 30% […]
Read MoreOperating a business dependent upon your skills and expertise makes you a very valuable person to your business, but could leave your income (and your family’s well-being) at risk if and when something happens to you. Maybe you have not considered how important estate planning is because you’ve just accepted the fact that your business […]
Read MoreYour partnership agreement is a legal document that outlines each partner’s rights and responsibilities as well as the operating procedures for the business. When a group of people come together to invest in a business venture, the partnership agreement can provide valuable protections. But drafting an agreement that provides you with the protections you need […]
Read MoreBusiness growth is a dream that sparkles in the eyes of many small business owners. But bigger is only better when your business operations are scalable. Significant growth without proper planning usually comes with extra costs and more work that could leave you and your business vulnerable and unprepared for the challenges of success. If […]
Read MoreAs it becomes increasingly common for businesses to conduct business online, the fees associated with online transactions rises to the top of the list of liabilities to be considered. The convenience of taking payments electronically comes at a cost. When looking for financially sound solutions to this problem, you may hear about Bitcoin and the […]
Read MoreQ: 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 […]
Read MoreThe startup life can be exciting and for many the learning curve is huge. In the midst of growth and opportunity, many entrepreneurs make costly legal mistakes which can be easily avoided with the proper preparation. Here are some of the most common legal missteps made by businesses in the startup phase: Not Drafting a […]
Read MoreThink business is all work and no play? It’s that mindset that will hold you back from reaching your potential. Your happiness matters. The problem is, the pressure of running a business can make it seem that prioritizing self care and your overall well-being is next to impossible, or even irresponsible. But, in fact, the […]
Read MoreSocial media as a marketing tool can be a blessing and a curse when it comes to building your business reputation. Friends, followers, and likes on social media platforms such as LinkedIn, Facebook, and Instagram can help your business gain raving fans with a tap or a click. Not only can you easily gauge the […]
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