Purchasing Real Estate for Business
Business owners must constantly weigh risks versus rewards when evaluating growth strategies. An example is owning commercial property, which involves more responsibilities and expenses than leasing a space. However, over the long term and in the right circumstances, commercial real estate may be a smart investment with a high upside.
Should I Buy a Franchise?
Buying an existing business can offer the advantages of name recognition and a proven business model. The advantages can be even greater if the business is a franchise with hundreds or even thousands of locations.
What Every Business Owner Should Know About Cash Flow Statements
Cash flow statements measure how much cash is flowing in and out of a business. A positive cash flow is one of the strongest determinants of a business’s success. It shows that a company can fund its debts and pay for immediate needs such as equipment and staffing, and also that it has enough money in reserve to invest or survive a downturn.
How to Put Business Interests into a Trust
Each type of structure offers different levels of asset protection and affects how much you pay in taxes. But owners can exert further control over their business—both while alive and after they pass away—by placing business interests in a trust.
Legal Considerations for Buying an Existing Business
Buying an existing business can eliminate the initial legwork of establishing a customer base, training employees, and securing start-up funding, but it is not without its own challenges.
The Pros and Cons of Sole Proprietorship
Transitioning from being an employee to being self-employed is a goal of many American workers, and a growing number of workers have realized their goal in the wake of pandemic-related economic disruptions. Individuals often cite taking control of their careers as a top motivating factor for being self-employed. Self-employment frequently starts as a side hustle […]
What Small Businesses Should Know About Email Marketing
When it comes to getting the most marketing bang for the buck, email marketing is at the top of the list. A well-crafted email message will not only keep your audience engaged, but it will also generate valuable feedback that will enable you to fine-tune future campaigns.
Voting Rights in LLCs: Who Has a Voice?
On average, 4 million new businesses are started each year in the United States. Many of those businesses are organized as limited liability companies (LLCs). Combining the benefits of a corporation and a partnership, an LLC protects its members’ personal assets from business liabilities, avoids double taxation, and provides flexibility regarding its operations, management, and financial and voting rights.
Most Common DIY Contract Mistakes
Small business owners often wear many hats. On any given day, they might dabble in customer service, human resources, accounting, bookkeeping, and legal matters.
How Hiring Employees Increases Your Legal Risks
When hiring a new worker, companies have two choices: bring a new employee on board or hire an independent contractor. One of the main benefits of having employees is that you have much more control over the work they do. You can train them how you want, specify the hours they work, and require them to work only for you.
