If more than one person is involved in the creation of the LLC, then it is presumed to be a partnership LLC when it comes to federal tax purposes. The IRS Read more...

Incorporating your business as a C-Corp allows more flexibility than you’d have as an S-Corp. For starters, you can choose to have several classes Read more...

A business contract is an agreement between two or more people or groups that creates a legal duty or responsibility. Think of a contract as the rules of Read more...

Changing business entity depends entirely on your state. Many states offer statutory conversion which is a simplified way to change your business’ Read more...

Limited liability refers to the protection of personal assets from business debts. For example, if your company went bankrupt, you would lose your Read more...

Double taxation refers to paying personal taxes on revenue already taxed at the corporate level. The prospect of double taxation daunting, but it is an Read more...

When entering into a business partnership, it's essential to create a Partnership Agreement contract, which defines all the terms and conditions of Read more...

How Do I Write a Job Description? It’s important to include the skills, demands and qualifications. You should also mention anything unique about Read more...

Generally speaking, no one can say with complete certainty that any given contract is without fault; however, having a lawyer review the final document is Read more...

There are three different startup-focused loan programs:   7(a) loan program Eligibility for a 7(a) loan program comes by meeting certain Read more...

A business contract will allow all involved parties to describe obligations and establish responsibilities. A clear, concise document that explains Read more...

Limited liability companies (LLCs,) limited liability partnerships (LLPs,) and traditional corporations such as S and C Corps all afford limited liability Read more...

Private placements must come from what the SEC terms an “accredited investor.” Generally an accredited investors are generally wealthy Read more...

This type of investor is typically an entrepreneur who has enough wealth to invest very early in the financing process. Angel investors invest in Read more...

The SBA states that a 504 loan is often structured so that the SBA provides 40 percent of the project cost and a participating lender pays up to 50 Read more...

There are plenty of stories about people "bootstrapping" startups with their own money. That's not always possible. Many startups come to Read more...

What Is a Sole Proprietorship? A Sole Proprietorship is the default business entity for people who operate a one-person business. No documents are Read more...

What Do I Need to Do to Stay Compliant While Hiring? Hiring is a little more involved than simply finding the right person, here are some thing you’ Read more...

All business contracts should include fundamentals such as: The date of the contract The names of all parties or entities involved Payment amounts and due Read more...

As an individual or small business owner, you might have a specific need for a business contract when: Entering a partnership or joint venture Buying or Read more...

LLCs offer the same protections as S and C corporations, while providing much more flexibility, but they are not always the best choice. LLCs may not Read more...

A startup must go through specific steps in the IPO process. The steps, outlined by Investopedia, include:   The company hires an investment bank.A Read more...

It may be a young company trying to generate some needed revenue or an established company that just waited to go public. Whether a company is trying to Read more...

A private stock offering, sometimes called a private placement, is when you sell securities in your business without an initial public offering (IPO). In Read more...

Your friends and family may be willing to lend you the cash to start a business, and you may be willing to take it. But think twice before heading in this Read more...

Peer-to-peer lending steps, shared by the Small Business Administration, include: Have a plan. Make sure to include what you find out from market research, Read more...

A bank loan may be available to help you with startup costs. A bank will want to see a detailed business plan and a thorough description of your business Read more...

What Are the Fair Hiring Practices and Job Discrimination Laws for Employers? As an employer, it is important to understand what practices are fair in Read more...

We can help you write your own business contract with our step-by-step instructions. But here's a primer for what will be in there.   The first Read more...

LLC is short for limited liability company. It's a type of legal business entity that was developed to provide business owners with a lower level of Read more...

Peer-to-peer lending lets people list projects online for consideration by potential investors. This type of investor brings the startup and small Read more...

Yes, termination clauses are often included in business contracts to include information about what to do if either party needs to break the contract. Read more...

It's not only about the money. A successful IPO spells out success for a company. It generates interest and can be a signal to the top talent in the Read more...

An IPO is a dramatic shift for a business, here's what you can expect. The Good: An IPO raises needed capital to help a company grow. It's a Read more...

The U.S. Securities and Exchange Commission defines IPO as initial public offering, the first time when a company sells its shares to the general public. Read more...

You’ll want to organize a few things before offering stock:   Operating Agreement: First and foremost, you need to make sure your company is Read more...

Venture capitalists are individuals, or groups, that invest in early funding rounds. Compared to angel investors, venture capitalists typically invest Read more...

Your credit history plays a part in whether you can engage in peer-to-peer lending. You grant access to your credit score when you apply for a peer-to- Read more...

Considerations when approaching angel investors include: How much control does the investor expect? How much control are you willing to share? What is the Read more...