You were informed that the smart way to build a secondary income is to invest in rental property. Now, you have made the decision to start investing in rental property, but you are confused about where to start. Smart rental investors seek advice from a business attorney prior to investing in r...
You want to start a business with a few friends. When starting a new business, the type of business entity you decide to establish will have an impact on the extent of personal liability, how the business is taxed, its management, the level of formality required, and many other factors. There are...
On August 18, 2020, North Carolina Governor Roy Cooper signed Executive Order 158 to implement "fair-chance" or “Ban the Box” policies at state agencies “to increase employment opportunities for people with criminal records.” North Carolina joins thirty-five states, the District of Columbia, an...
All successful businesses do their best to save money, improve efficiency, and increase profits whenever and wherever possible. This is especially necessary for small businesses on a tight budget. While there are numerous ways to save money, these seven cost-saving measures are among the ea...
You are a new business owner and have decided to organize your business as a limited liability company (LLC). You are its sole owner and work for the company. How do you pay yourself? Are there guidelines regarding how often and how much you are entitled to? How do self-employment taxes come ...
Conversations about data privacy policies and website terms of use have become more common in recent months. Large companies like Facebook,[1] Expedia,[2] and Dick's Sporting Goods[3] have been involved in litigation involving agreements that address these very issues. The questions on most bus...
Creatives, entrepreneurs and business owners often find it necessary or desirable to keep valuable and sensitive information private. In some instances, a business may have developed certain key elements that help distinguish it from its competitors. In other instances, a business owner may han...
Many businesses prefer to hire independent contractors because there is often less overhead and fewer expenses (i.e. taxes). However, classify an employee as an independent contractor and you could possibly be in big trouble. Here are some factors to consider to differentiate between independen...
Cybersecurity is a growing concern for businesses, and small businesses are not immune from the threats posed by cybercriminals. Don't be complacent because your business is small: Almost half of all cyberattacks in the U.S. are directed at small businesses. In recognition of this serious probl...
Photo by Leo Reynolds on Foter.com / CC BY-NC-SA Whether considering a new business or just starting a business, make sure that the name you use is not already taken. Original names are essential for three reasons: 1) marketing power; 2) clarity, and 3) trademark infringement avoidance. For ...
Photo by Leo Reynolds on Foter.com / CC BY-NC-SA Your trademarks are among your most important assets. Some business owners do not register, and m...
You want to start a business to build assets and wealth. However, going into business for yourself is a risky endeavor. From investing in goods and services and hiring employees to simply carrying out the daily tasks related to your business, each step is fraught with risks. This is especiall...
As state leaders attempt to develop guidelines for reopening safely, you may have questions about the requirements for maintaining a safe environment for your business. As of 5:00 p.m. on August 7, 2020, North Carolina will extend Phase 2 of re-opening the state, see here. You also may be wonderi...
The short answer is there rarely is a time when an online template is the best option to use for contracts. Contracts are an essential component of effective business management and development. Contracts hold parties accountable, encourage collaboration between parties and can enhance or dim...
When forming an LLC, you should also include an operating agreement. An operating agreement is a contract that controls your LLC's operations as well as member interaction with each other and with the LLC. Operating agreements apply to all LLCs - whether single-member or multi-member LLCs. So...
One of the most important decisions to make when starting a business is what type of business entity to form. The limited liability company (LLC) is one of the most popular business structures because it offers a level of flexibility and legal protection that is attractive to many people who ar...
Today, many creatives, entrepreneurs and small businesses have their own websites. It is almost a necessity to be competitive post-COVID-19. If you have included original, written content such as blog posts, articles or Frequently Asked Questions (FAQs) on your website as part of your efforts to draw people to your site and...
Considering expanding your physical business or starting a home-based business? Selling your products online is a great way to reach additional customers. Before you begin to sell products online, there are several legal issues you should be aware of to ensure business compliance . . .
Business owners must decide on the type of entity when forming their new business. Two popular business entity choices are LLCs (taxed as partnerships) and S corps as business entities. Before deciding on which entity to use for business formation, understand the many similarities and differences between the two entities.
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