Why You Should Consider Making Your Business an LLC

If you are starting up a new business, you probably realize that you have a number of options as far as how to organize the company. We’re going to take a closer look at an LLC, and why it may be a good option for your enterprise. What Is an LLC? LLC stands for limited liability company. This is a legal structure for a business that allows owners to serve as members. It can help to protect the personal assets

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Finding the Right Business Attorney for Your New Startup

A business attorney can be an invaluable asset for a new startup that is just getting on its feet. However, it is, unfortunately, easy to get burned by expensive legal fees if you don’t select your lawyer carefully. Here are a few things to think about when choosing a small business lawyer. Don’t Wait for a Lawsuit One mistake small business owners make when it comes to hiring a business attorney is only doing so if a lawsuit comes about.

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3 Reasons You Need to Consider Trademarking Your Logo and Company Name

Perhaps you are running a small, local business and never intend to turn it into a global corporation. Does that mean you should forget about trademarks? Absolutely not! Trademarks are beneficial for businesses of any size. Here are a few reasons why. #1 Trademarks Constitute a Company Asset If you ever sell your business, your reputation should be part of the overall value. Even small businesses can build a great reputation in the community. If you ever sell your business,

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Protecting the Copyright of Your Online Works

The Digital Millennium Copyright Act was a major step taken to protect all online content. As a result, anything you publish online is technically protected. You don’t even have to include the copyright symbol on every page of your site. Of course, there are plenty of unsavory businesspeople and others who are willing to cut corners even when it comes to online copyright law. So what can you do to boost the protection of your important web content? Why Protecting

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Advantages and Disadvantages of Forming an S Corporation

If you are ready to incorporate your business, one of the business formations you are likely considering is the S corporation (sometimes shortened to S corp). What is an S corporation? What are the advantages and disadvantages of using this particular type of business setup? Let’s take a closer look at how S corps work. What Is an S Corporation? An S corporation is a type of corporation that is used to eliminate double taxation, which may otherwise occur when

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3 Benefits of a Non-Disclosure Agreement (NDA)

A non-disclosure agreement (NDA) is also sometimes referred to as a confidentiality agreement. This business contract helps to protect confidential information that may have to pass between individuals for the sake of a business arrangement. Depending on the guidelines set forth in the NDA, both parties commit not to disclose confidential business information to any third party except in accordance with the rules stated in the contract. Here are some benefits of issuing an NDA. #1: Helps to Define What

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3 Types of Intellectual Property Every Business Owner Should Know

As the owner of a business, you need to protect your intellectual property from competitors as these ideas and trade secrets are your biggest advantage in the marketplace. Here are 3 types of intellectual property you should be concerned about as a small business owner. #1: Copyrighted Content All of the content that your company produces is protected under international copyright law. This includes print and digital content. For example, if you post blogs or video to your website or

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5 Steps to Selling Your Business in the State of California

If you are looking to sell your small business in the state of California, here are a few things you need to consider. #1 Proper Valuation of the Business Before you can sell your company, you need to have a general idea of what it is worth. It’s going to come down to things such as annual revenue, any existing liabilities, current assets, and the value of any intellectual property that will be part of the sale. #2 The Terms

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Does Your Business Structure Require an EIN?

Are you starting up a new business and wondering if you are going to need to get an Employer Identification Number for tax purposes? If so, there are a few factors to consider about your business structure, as these will have a bearing on whether the answer is yes or no. An Employer Identification Number – A Must for Employers The biggest factor is whether your company has any employees. If you need to withhold federal taxes in someone who does

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3 Tips for Better Commercial Lease Negotiation

When starting a new business, many entrepreneurs opt for a short-term agreement. No matter how confident you may be about your startup, it’s prudent not to jump into the deep end until you know if your idea will stay float. However, your next lease can be just as important to the success of your business. While you may not be making the kind of commitment that SpaceX is on their new long-term lease, getting roped into a bad commercial lease

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