How to Know If Your Small Business Requires an Employer Identification Number (EIN)
Many small business owners get confused as to whether they need an EIN. The secret is in what the acronym stands for – employer identification number. Clearly, this number, which is acquired from the government for tax purposes, is primarily for businesses with employees. With that in mind, a sole proprietorship falls into one of […]
What’s in a Business Contract Anyway
Business contracts are very important for small business owners. When drafted properly, they can protect your assets while helping you to determine the scope of much-needed business relationships. From lease agreements to employee contracts, here are a few things to look for in a business contract. Termination clause – If there are going to be […]
Read These Important Reminders Before Entering a Business Partnership
There are many ways that you can structure a business. When two people are going into business together, the first structure that you may think of is a partnership. What do you need to know before entering into a business partnership? Here are a few considerations. Is a partnership the best business formation for us? […]
How to Incorporate Your Business in California
You may be interested in the tax benefits of incorporating your small business in California, but perhaps the task seems too daunting. Here is a quick checklist to help you get the protection of forming your new business as a corporate entity. Come up with a name – Use the California Secretary of State website […]
How to Form Your New Business in Southern California
You’ve finally come up with that big idea that is going to help you break away from your 9 to 5 and finally be your own boss. But owning a business comes with a lot of big decisions. Here are a few things that you have to think about before you can go out on […]
Why Small Business Owners in Southern California Need a Business Attorney
If you are a small business owner in southern California, it is a good idea to have a business attorney that you can call. Here are a few times you will want to consult with your attorney to help your business run smoothly. When signing contracts or agreements – Before you sign a lease, a […]
