Your brain is probably brimming with ideas for your startup, but ideas require action before they can take shape! Follow these 5 steps to ensure you meet the legal requirements for starting a business. [1] Step 1: Choose and Create Your Business Entity The first legal step towards starting a business involves choosing a business entity. [2] Sole proprietorships, partnerships, limited liability companies (LLCs), and Read More

Corporate governance is the term used to describe the balance among participants in the corporate structure who have an interest in the way in which the corporation is run, such as executive staff, shareholders and members of the community. Corporate governance directly impacts the profits and reputation of the company, and having poor policies can expose the company to lawsuits, fines, reputational damage, and loss Read More

There is a lot of confusion in the business world about copyright and trademark. Many people use them interchangeably or call a trademark a copyright and vice versa. The reality is that trademark and copyright are two separate and distinct animals with little overlap. While the two are very different, the good news is that the differences are easily defined and when applied in the business world, make a great deal of Read More

There are bumps in every road to success. That is part of the reason why having a written partnership agreement is so essential for business partners. Written partnership agreements clarify each partner’s rights and obligations in the relationship, but they also lay out what will happen if the unthinkable occurs, including death or incapacity of one of the partners. Every partnership should have a written partnership Read More

Individuals who must decide on business entities are faced with a variety of options including corporations, limited liability companies, partnerships, and sole proprietorships. There is also the question of what tax treatment your entity should receive. One of the best ways for individuals interested in selecting a business entity to decide which election to make is to understand the strengths and weaknesses of each Read More