Can I Provide Services Instead of Capital to a New LLC?
Small business owners put their blood, sweat, and tears into ensuring the success of their company, which, though difficult to measure, are no less valuable than capital contributions. At the same time, if you are investing your time and energy into a limited liability company (LLC), you should establish a method of valuation for your […]
How to Remove a Member of an LLC
As a business grows, its ownership structure may change and an owner may need to be removed. Removing an owner of a limited liability company (also known as a member) may become necessary if a member retires, dies, changes career, commits a breach of conduct, or has a dispute with other LLC members. When members […]
When Should I Think About Selling My Business?
Selling a business requires many of the same steps that it takes to build a business. You need to plan, execute a strategy, and in some cases, benefit from good timing.
Sales Tax: What You Need to Know
Different taxing authorities have their own regulations, tax rates, exemptions, and deadlines, which can be quite confusing, especially for entrepreneurs who have just started a new business.
What You Need to Know About Severance Packages
A severance package provides pay and sometimes benefits to a departing employee. There are a few reasons why you may want to consider offering severance package.
Why You Cannot Withhold Payment from Employees
Failure to pay employees could result in a lawsuit, an injunction, civil penalties, or even criminal penalties.
What Is a Business Grant and How Do I Obtain One?
A business grant is a form of financial assistance given to a company by a government agency or private organization. Grants, unlike loans, do not need to be paid back.
Hobby or Business: What Factors Does the IRS Consider?
The Internal Revenue Service (IRS), however, has its own rules for determining whether an activity is a business or a hobby.
Legal Issues You Should Consider Before Selling Your Product Online
Are you considering expanding your physical business or starting a home-based business? Selling your products online is a great way to reach a larger customer base. That being said, before you begin to sell products online, there are several legal issues you should be aware of to ensure your business is right with the law […]
