Business · June 16, 2023
Attention small business owners! Beginning January 1, 2024, the Corporate Transparency Act will require small businesses to file an annual report on the majority owners of the business, and failing to file the report comes with real consequences. So what exactly does this mean for you and your business? Read on to discover what to disclose, the consequences of non-compliance, and the steps you can take to ensure your business stays compliant.
Business · February 09, 2023
We're all aware of how essential client contracts are. After all, they protect us from potential legal issues and ensure that our clients follow through with their end of the contract instead of mid-way through just saying, "we're not gonna pay you" or something equally devious. But what exactly does a client contract need to include? Below are some essentials to ensure that you're protected in your work and that your clients know what to expect before entering a contract. Learn more.
Business · February 02, 2023
As a business owner, balancing your passion for work with your commitment to your family and personal pursuits can be challenging. You can pursue your passion without sacrificing the protection you give your family and assets. Don't risk doing anything - take action to safeguard your assets and personal life. Know more about prioritizing your personal life, protecting your business, and pursuing your passions. Read more...
Business · January 26, 2023
Many challenges may arise both during startup and after you've established your business. You have to safeguard assets and cut your losses as much as possible because of the possibility of legal action or bankruptcy. And yet, how would you handle them? In this article, I'll go through four essential asset protection vehicles you may use to safeguard your personal finances while you establish and grow your company. Learn more.
Business · January 19, 2023
According to the latest study, more than sixty percent of businesses operate from funds from individual accounts. That's risky! Using your money and resources in a business might lead to many unexpected outcomes. If you want to lessen the blow to your financial security, here are five simple, no-cost measures you can take now. Learn more here.
Business · January 12, 2023
Parents want their kids to work for them, but many are concerned about the potential of litigation from having minors on their payroll. But there are several benefits to hiring kids in your business. Learn how parents can keep their businesses strong, and kids gain the job experience they want without the risk. Read more...
Business · January 05, 2023
Ignorance of the law does not constitute a defense. One small oversight in your LLC agreement, and you might lose control over your business - and every dime it brings in.
An LLC agreement tailored to your specific needs might be the difference between success and failure for your new business endeavor or startup.
Before you even start, know how to set up your LLC the right way by reading this article. Learn more...
Business · November 17, 2022
Choosing the right business entity can have a big impact on your tax obligations. How do you decide? You need to start by understanding what relationship your business entity has with the government. In part 2 of this series, we'll cover the tax treatment of the remaining two entity structures: C Corporations and S Corporations along with discussing the benefits and drawbacks related to each one. Read more here...
November 10, 2022
Need to know how your choice of business entity affects your tax obligations? If you are not cautious, taxes can eat up a large chunk of your profits. Choosing the proper business structure can be complicated, but following our guidelines will help simplify things. Part 1 of this series looks into sole proprietorship, partnerships, and (limited liability company) LLCs. Read more here.
Estate Planning · July 29, 2022
You might think only the wealthy need to worry about asset protection planning. But the truth is that if you don't have millions, you may be at even greater risk. For instance, if you're a multi-millionaire, a $50,000 judgment against you might not be that big of a deal. But it could be devastating for a family with a modest income, savings, and home. Before it's too late, learn the strategies you may use to safeguard your assets.