So your business is no longer just a hobby but an actual, ongoing moneymaking venture. Congratulations! But you’ve got some homework: deciding what type of business entity you would like to form under your state’s business laws. “Wait, what if I’m not ready or even...
If you are a potential franchisee considering investing in a franchise, one key step in your due diligence is will be to receive and review the Franchise Disclosure Document, or FDD. The purpose of the FDD is to give you an informed understanding of the risks,...
There are a number of reasons to form an LLC, S-Corp, or other corporate form, but one of the biggest reasons is right there in the first two initials of an LLC: Limited Liability. By creating an LLC or similar corporate formation for your business, you can prevent...
A business partnership is like a marriage in a lot of ways. You and your business partners joined together because you had a common purpose that you both found worth pursuing for your mutual benefit. And, like a marriage, your partnership means you have rights but...
For many startup owners and entrepreneurs, following their passion by building their own business was at least in part a way to avoid cubicle life, spreadsheets, and generally uninteresting issues of corporate finance and compliance. But as your business grows, these...
