HIRING INDEPENDENT CONTRACTORS These days, many small businesses and not so small businesses use independent contractors. Usually this is done to save on employment taxes as well as not having the responsibility of a full-time employee. An independent contractor is one who contracts to do a piece of work according to his own methods and…
Most business owners know that to obtain contracts from major corporations or government entities that they must come together with other businesses. The idea of using strategy when conquering a certain market is not new. Large corporations have been forming strategic alliances for years. Now, it seems that it is time for smaller companies to…
Intellectual Property Concerns for Businesses Intellectual Property (I.P.): A product of the intellect that has commercial value, including copyrighted property such as literary or artistic works, and ideational property, such as patents, appellations of origin, business methods, and industrial processes. Consider this: You have been operating your business and have a few good employees. You…
Many entrepreneurs are concerned about liability when starting their business. However, many of those same entrepreneurs fail to follow through on those concerns. Those concerns usually start with what type of business entity they should form. From a sole proprietorship to a corporation, entrepreneurs need to understand what each of these entities will mean for…
Cannot count how many times I have encountered clients with contracts that are worthless. I am often approached by business owners who have prepared or signed contracts which they thought would protect them but did not.Whether it is promissory notes, purchase agreements, service agreements, or anything else that requires a commitment, I can always tell…