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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…

Work-Life Balance

Work-Life Balance: A Personal Perspective Pick up the latest copy of just about any business magazine, and you’re likely to find at least one article on work-life balance. Employers all over the country are talking about how to retain employees, particularly millennials, by enhancing work-life balance. But the conversation really can’t stop or start with…

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, Sports Authority, 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…

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,…

Never Underestimate the Power of an Older Employee

The inclusion of older employees in the workforce benefits companies, the economy, and the employees themselves. More people are choosing to work later in life, sometimes to delay retirement and boost their Social Security check. Often, however, mature workers choose to work as a means to remain engaged and relevant. Contributions of Mature Employees Hiring,…

Corporate Social Responsibility

As the Baby Boom generation moves on to retirement and Millennials increase their presence in the consuming world, more companies are including Corporate Social Responsibility (CSR) in their business plans. According to the World Business Council for Sustainable Development, CSR is “a continuing commitment of business to contribute to economic development while improving the quality…

Benefits of a Home-Based Business

With the advanced connectivity options available through the internet and associated devices and applications, more and more people are earning a living by working from home. Many of us, however, may be so ingrained in the notion of being employed and reporting to work at a fixed location that we may not be able to…

Avoid These Errors to Improve Your Chance of Succeeding in Business

How to Succeed in Business Taxes for the Self-Employed Going into business for yourself means learning about a lot of things, and not all of them are necessarily fun. Take taxes, for example. Unless you’re an accountant, dealing with the tax issues that come with your business is probably not your favorite task. But once…

The Ultimate After-Action Review: Doing a Year-End Review

Completing a Succesful Year-End Review There’s been a lot of hullabaloo in recent years over the “after-action review.” The general concept is that after you’ve weathered a major event, you reflect on the strengths and weaknesses of how your company performed. The goal is to improve your performance in similar events in the future. Some…

Steps You Can Take to Protect Your Communications With Your Lawyer

Keeping Up Good Communication When you engage the services of a lawyer, an important thing to keep in mind is confidentiality. If you are a business owner in need of advice or representation, confidentiality of your business information can be critical. To understand the confidentiality present in your relationship with a lawyer, you need to…

How Can I Avoid Business Identity Theft?

How Can I Avoid Business Identity Theft? It seems like major retailers report breaches of their customer’s private data almost weekly. But businesses themselves are also subject to identity theft, and unfortunately, they are more apt to not discover the theft until much later in the game, after significant damage has been done. Businesses identities…

Behaviors of Successful Entrepreneurs

According to Merriam-Webster, an entrepreneur is a person who “starts a business and is willing to risk loss in order to make money.” But being willing to take risks isn’t the whole equation, at least when it comes to succeeding in business. After all, the majority of businesses started by entrepreneurs, ultimately fail. So what…

WFH. Not as Easy as it Looks.

Working at Home Successfully: What Does It Take? Many people fantasize about working from home. Just imagine: How amazing would it be to roll out of bed, get to work, and have time to enjoy the things that really matter in life? Working at home isn’t for everyone. To be successful, you must set boundaries…

Mark Zuckerberg Did Not Pledge 99% of His Facebook Stock to Charity 

Mark Zuckerberg Did Not Pledge 99% of His Facebook Stock to Charity — Here’s What He Did Instead Recently, Mark Zuckerberg and his wife, Dr. Priscilla Chan, announced that they were donating 99 percent of their Facebook shares — currently worth more than $45 billion — to charity.  Most immediately assumed they had been the beneficiaries…

Commercial Cultivation Marijuana Laws

Marijuana Laws: They’re Real and They’re Here All of 58 California counties are currently updating and establishing local policies on Cannabis retailing, manufacturing, and cultivating laws frequently as well as tax laws. Now that California is implementing new Medical Marijuana laws and viability of Recreational Cannabis, it is recommended to be aware of how these…

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