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Protecting Your Wealth With A Domestic Asset Protection Trust

Don’t Let Creditors Steal Your Wealth! Approximately 20 years ago, states like Delaware and Alaska became the first to create new trust laws to provide an attractive alternative for the thousands of Americans who were using offshore trusts to protect their assets. These changes allow for the creation of Domestic Asset Protection Trusts that shelter…

How To Structure Your Business

Know the right legal structure for your business. When starting a business, one of the most fundamental decisions you can make relating to taxes is the type of legal structure you choose for your company. Apart from taxes, this decision can also affect the amount of paperwork you will be required to file, the extent…

International Laws to Abide by in 2018

Do you want to compete globally? Do you want to compete globally? Then check out these tips to help you successfully expand your business internationally in 2018. Be Current on International Borders What if a foreign business listed Hawaii and Alaska as separate countries on its website? Think the U.S. government would be upset? The…

Business Opportunities in the Caregiving Market

Business Opportunities in the Caregiving Market A recent report from AARP, an organization focused on improving the quality of life of older people (who seem to be getting younger and younger all the time), shows ample business opportunity in the marketplace for caregivers. Already, there is a deficit in the number of caregivers, when compared…

Need Capital? Women Entrepreneurs Continue to Grapple with Gender Disparity in Business Capital Accessibility

Need Capital? Women Entrepreneurs Continue to Grapple with Gender Disparity in Business Capital Accessibility The small business sector is a major force in the American economy, responsible for two-thirds of jobs in the private sector. But despite significant progress, female business owners continue to suffer from a gender gap in factors that influence small business…

Your Family Business Legacy Matters Enough to Do These Three Things

Your Family Business Legacy Matters Enough to Do These Three Things Your family-owned and run business can be the greatest gift or the greatest burden to the people you love, if and when something happens to you. If you’ve planned well and properly for your business to be continued, managed or sold, it will be…

The Benefits of a Business Succession Plan

When most people think about planning for death, they envision personal estate planning. But even if you are already proactive in that area, you may not be finished if you own a business. Succession planning for business owners is at least as important as personal estate planning, maybe even more so because you have a…

Ways to Manage Increasing Healthcare Costs for Small Businesses

Ways to Manage Increasing Healthcare Costs for Small Businesses The good news about healthcare costs in the United States is that they have decreased from 6-7% per year to just around 4%. The bad news is that health care costs continue to rise faster than workers’ incomes. For small businesses, this is a recipe for…

Do You Need a Shareholder’s Agreement?

Consider a shareholder for any type of business If you are considering going into any type of business with others and are looking for some protection and peace of mind about your future relationships and protecting your assets with them, you should consider a shareholders’ agreement. What is a shareholder’s agreement? A shareholders’ agreement is…

Overcoming Small Business Challenges

Small Business Challenges and Operational Strategies As with so many things in life, some of the same qualities that help small businesses succeed, can also lead to their demise. Fortunately, many small business challenges can be lessened through operational excellence. For example, the owners and managers of small businesses often know each other before they…

Employee Poaching: How Can I Stop It?

How to Stop Employee Poaching by Competitors Due to the use of online marketing, business competition is fiercer than ever. This hypercompetitive environment causes many business owners to wonder how to prevent employee poaching by business competitors.. Obviously, this is best accomplished by treating your employees great, paying wages on the higher end of the…

Broaden Your Business Market Landscape: Venture Overseas!

Broaden Your Business Market Landscape: Venture Overseas! Today, we live in a truly global economy, so much so that it is often natural to consider expanding by doing business overseas. The Internet helps make this quicker and easier than ever before. Before moving to global operations, however, it is important to consider how that decision…

Family Business When Dealing with Divorce

Family Business and Divorce If you co-own a family business with your spouse and you are facing divorce, a likely concern is how your business will be handled through the separation proceedings. The good news is, it’s really all up to you. And, so much of it depends on the legal counsel you have representing…

KNOW THE CONTRACT YOU ARE ABOUT TO SIGN

DIY’d a contract? It could come back to haunt you. Imagine this. You’re in a courtroom getting sued. You’ve done nothing wrong, except sign a contract you did not fully read nor comprehend. Now, your choice to DIY a contract has come back to haunt you, causing expensive litigation. This unfortunate scenario is not a…

Best Practices for Business Partnership Agreements

This Partnership Agreement Will Become the Cornerstone of Your New Enterprise Starting a new business can be an exciting time, but one of the most important steps in forming a partnership should never be rushed.  The partnership agreement will become the cornerstone of your new enterprise and needs to both define everyone’s roles and responsibilities…

Sports Authority Files Chapter 11 Bankruptcy

The Downfall of Sports Authority Just last month, the nation’s former largest retailer of sports apparel and equipment filed for Chapter 11 bankruptcy protection. What can small business owners learn from Sports Authority’s failed business plan? After all, if the retail giant that owns the naming rights for Denver’s Mile High Stadium can’t make it,…

How Do I Keep Track of All These Tax Deadlines?

Keeping Track of Tax Deadlines While Owning A Business If you own a business, particularly if it is a new business, you are probably concerned about how to track tax deadlines. Fortunately, the Internal Revenue Service has developed several methods to help with this very problem. First, though, you must know which taxes you are…

Why Diversity?

Most of us have been exposed over the years to discussions in the media around the issue of diversity. The concept is applied to most of the structures of our society — schools, employers, governmental bodies, and so on. For businesses, the interest in diversity stems largely from legal mandates such as the federal Civil…

Your Most Valuable Resource and How to Reclaim It Now

As a business owner, you likely spend most of your time thinking about money, profit margins, and cash flow. But, your most valuable resource is actually your time and it’s time for you to invest a lot more of your energy using the money, which is infinitely renewable, to free up what’s nonrenewable your time,…

Your Business Entity Could Save Thousands on Next Year’s Taxes

If you have a newly incorporated LLC or Corporation, you only have until March 15 to elect S-Corporation status for the 2016 tax year, using IRS Form 2553. This is important because there could be significant tax consequences to you, if you do not elect for S-Corporation status. As the owner of an LLC interest,…

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