So you are sitting in your office working on nailing down a contract, and the other party decides to send you their standard contract. Being the astute business person that you are, you look over the contract and find changes. You send your changes to them, they send changes to you, then you have to…
Let’s break down the two most common business structures — Limited Liability Company or LLC and sole proprietorship — so that you can make an informed decision about which one is right for your company. Deciding how to structure your business is one of the most important decisions you will make as a CEO. The…
The landscape of data privacy laws in the United States is changing rapidly, with several new state statutes coming into effect in 2023. These laws will have a significant impact on small businesses and nonprofits, requiring them to update their privacy policies and procedures. In this blog post, we’ll discuss the key provisions of these…
Incorporating your business can offer many advantages that may not be available to sole proprietorships and partnerships. These advantages include personal asset protection, increased credibility with customers and suppliers, and potential tax benefits. In addition, incorporating can also help you attract investors and obtain business financing. It is important to do your homework before taking…
In business, a partnership is an arrangement in which two or more people agree to share profit and losses. There are several types of partnerships, including general partnerships, limited partnerships, and limited liability partnerships. Each type of partnership has its own advantages and disadvantages. So, which type of partnership is right for your business? Here are…