To run a business successfully, it is necessary to create various financial documents, including cash flow and profit and loss (P&L) statements. Doing this enables business owners to
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What Needs To Be Included In A Client Contract
Client contracts, or agreements, refer to legal agreements between businesses and consumers. They help establish expectations for the individuals who use a business’s products or services. Additionally, they
What Every Business Owner Needs Now… Live Every Day As If It Could Be Your Last
If you dream of one day retiring from your business, selling it, or leaving your company to your family, there are essential planning steps to take care of
4 Fundamental Asset Protection Vehicles For Business Owners In 2023
Regardless of the industry you are in, the reality of being a business owner is that you open yourself up to a number of unique risks that most
5 Ways Your Personal Assets Could Be at Risk From Your Business Activities
One of the main reasons to up your business as a corporation or limited liability company (LLC) is to shield your personal assets from debts and other liabilities
The Benefits Of Employing Your Kids
Paying your children—whether they’re tweens, teens, or young adults—to work for your company is one of the greatest advantages of running a family business. By hiring your kids,
Revocable Living Trust Or Irrevocable Trust: Which One Is Right For You?
You’ve probably heard you need a trust to keep your family out of court and maybe out of conflict in the event of your death or incapacity. And,
5 Tips For Creating A Business Plan That Works
Far too many aspiring entrepreneurs jump-start their businesses without taking the time to plan properly. Just as a builder uses a blueprint to ensure a new construction project
It’s All Fun And Games Until Someone Wants Out: Why Your LLC Agreement Must Be Customized To Consider The End, Before You Even Start
Starting a business is exciting, but it can quickly become a stressful situation if the owners can’t agree. This is especially true when it comes to closely held
Who Should Own Your Business Entity?
If you’ve decided to incorporate your business or review the type of entity you already have in place, it’s essential to not only choose the right entity, but