Starting a Business? You Need a Plan for Success
According to the Small Business Administration (SBA), 414,043 small businesses opened their doors in 2015 (most recent statistics), but 395,602 closed. Wow! The SBA also reports that only half of new businesses survive for five years or more, and only one-third survive for 10 years or more. The statistics prove there is no guarantee that […]
5 Common but Deadly Small Business Legal Mistakes
Thousands of small businesses open in the United States each year, but the number that survive and thrive for decades are in the minority. Many of these small businesses fail because small business owners make deadly legal mistakes, particularly in the early days—before and after they open their doors to customers. Don’t be among the […]
Confusing Employees and Independent Contractors: A Costly Risk
Employees and independent contractors are not the same, and the difference isn’t just that employees are on your payroll and independent contractors are not. It’s also not just that employees should sign employment agreements and independent contractors should sign independent contractor agreements. And it’s definitely not that you don’t have to provide medical benefits to […]
Business Name and Trademark Confusion Can Cost Your Business Big Bucks
One of the biggest mistakes that a business can make is failing to secure the trademark for its business name. Many businesses register their business names in their states so they can start operating, and they think that’s all they have to do. Fast forward a few years and a business that makes this mistake […]
10 Tips to Hire a Great Business Lawyer
Have you ever hired a lawyer? Do you know someone who has? Whether you or someone you know has hired an attorney for personal or business matters, you’ve probably heard at least one horror story. That’s because few people do the necessary research to choose a great lawyer before they need one. It’s easy to […]
10-Point Checklist to Start Your Business the Right Way
Starting a business is an exciting time of your life, and just like any other part of your life, you need to take the right steps or you’ll be far more likely to fail. Or worse, you could find yourself in a heap of legal trouble that could have been avoided if you’d taken the […]
Non-Disclosure Agreements – 3 Choices Only You Can Make
You have a great idea for a new business, product, service, or method of doing something. You’ve developed a way to turn that idea into a tangible item, but you can’t actually make that item until you get some money. You approach investors with the hope that one of them will understand your vision and […]
11 Questions to Ask Before You Start a Business
Are you ready to start a business? Before you dive (or dive again if this isn’t your first rodeo) into the entrepreneurial world, make sure you’re prepared for the realities of business ownership. There are many things to consider when you’re trying to decide if you should become a business owner. Here are just a couple […]
The Dangerous Commoditization of Legal Services
**Originally published Dec 22, 2015; Updated June 8, 2018** In October of 2014, LegalZoom and Sam’s Club entered into a partnership. In a press release, it was revealed that Sam’s Club customers would soon get discounts on a variety of LegalZoom products. Specifically, Sam’s Club discount shoppers can get, “a $299 Suite of Estate Planning […]
5 Business Mistakes that Cause Your Company to Lose Its Good Standing
Is your business structured as a corporation (e.g., an s-corp) or limited liability company (LLC)? Are you meeting all of the ongoing requirements to keep your business in good stating with the state where it operates? If you’re not, your company could be administratively dissolved. In layman’s terms, this means you and any other owners […]