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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…

Your Family Business Legacy Matters

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 family business legacy to be continued, managed or sold, it…

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…

The Benefits of a Business Succession Plan

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. A business succession plan is at least as important as a personal estate plan, maybe…

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…

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…

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We want you to feel comfortable discussing your legal issue with us, so we offer a free consultation to learn about your problem. Contact us today to setup a time to come in and talk with our team.