When you start a business, you have a lot of important decisions to make. And one of those is whether or not to take on a partner. A business partnership can be a great way to grow your business and tap into new resources, but it's not suitable for everyone. Here are...
Business Law
Potential advantages of buying a business
There are certainly advantages to starting a business from the ground up, one of which is that it often doesn’t take that much capital. People will start a business on the side and then attempt to grow it into a full-time occupation. However, if you buy an existing...
3 benefits that entrepreneurs derive from creating LLCs
Starting a new business in California always comes with risk, which is one reason why people start formal business entities. They want to protect themselves from legal liability and reduce the taxes that they may have to pay if the business proves successful. People...
3 tips for resolving partnership disputes
People who go into business together usually start out with a shared vision for the company. This is usually the driving force for them. As time progresses, that shared vision might become a source of contention when they don’t see eye-to-eye about something that’s...
Cutting costs in your new business
You took the plunge some time ago and started your new business. So far, it’s going well but there is still plenty of room for improvement. Something you’re aiming to do is cut down on your costs. Which areas might be best to start with? Where are you based? When...
Is an LLC right for your business?
You started your small business from scratch on a shoestring budget, and it’s been growing steadily ever since – and you think it may be time to change from a sole proprietorship to something more structured. Is a limited liability company (LLC) right for you? It...