Starting a new business is an exciting process. It requires that an entrepreneur handle a variety of practical challenges. They must hire workers and acquire materials or equipment. They likely also need to establish a commercial facility somewhere. Whether an...
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4 mistakes to avoid when dealing with unpaid bill collections
If you run a business, you know that avoiding unpaid bills and debts is almost impossible. How you approach the collections process can be crucial in maintaining good relationships with clients while ensuring timely payments. Ultimately, when collecting unpaid bills...
3 areas to address in a partnership agreement
You may consider starting a business without using a partnership agreement. But if you’re going to be working with someone else, this is generally not advisable. It can lead to serious disputes and legal issues in the future. By creating a partnership agreement, the...
The potential benefits of running a franchise
As an entrepreneur, there are several routes to go down in terms of running your own company. For instance, you may have an innovative idea and want to start your own brand from scratch. Another popular option is to buy into a franchise. While this is by no means...
Is an LLC structure the best option for your new company?
Deciding on the most suitable formation structure for a new company is an important step that can significantly influence its operational flexibility, tax liabilities and legal protections. Among the various business structures available, the limited liability company...
The importance of a buy-sell agreement in your partnership
You may be looking forward to a long, healthy relationship with your new business partner – but nothing lasts forever. Eventually, one of you will decide to move on, whether that’s because you ultimately decide on different goals or one of you just wants to retire. A...
The importance of a quality LLC operating agreement
Running a business in California isn’t easy by any measure. Part of that difficulty can certainly be the complexity of the thick volume of legal code every business is expected to adhere to in the state. This can become even more tricky when the business is a limited...
2 important elements of hiring new employees
Hiring new talent as a small business owner can be a big step. It can also be a stressful process as you try to find the best fit for your business while maintaining the day-to-day operations. Whether this is your first foray into the hiring process or not, you may...
Do you need a website for your small business?
Running a small business in this modern world can be rewarding but stressful. The to-do list never ends, and you must keep up with the business trends. One critical trend for businesses nowadays is maintaining a business website, though many small businesses do not...
California passes a new law requiring salary information in job postings
California has become the first state to pass a law requiring job postings to include specific details such as pay, hours, and benefits. This new law could limit the exploitation of workers and ensure they are appropriately informed of their rights when job-hunting....