Do workers have to give two weeks’ notice when quitting?
It is certainly common practice for workers to give two weeks’ notice before they quit a job. Many employers expect this, and workers will do it without being asked. The general idea is that the worker maintains a good relationship with the employer – and would get a...
Key issues to consider when starting a company
Starting a business is an exhilarating endeavor, brimming with potential and possibilities. This reality often causes entrepreneurs to want to rush through the start-up process; they’re simply so excited about the new business and what they can do after they get it...
The legal aspects of starting a business
After years of working for other people, you are now ready to form your own company. You’ve identified a gap in the market and you have the product or service and experience to fill this space. Forming your own company can be very exciting, but there are also...
Can someone change their business structure after starting a company?
The business structure that someone chooses when launching a company influences everything from what paperwork they have to file to how their enterprise is taxed. People often spend some time considering their business model and plans for the organization before they...
Why you need to be thoughtful when choosing a business structure
Choosing the right business formation structure is crucial for startup founders as doing so sets the company's legal and financial foundation. Making an informed and thoughtful decision in this regard can have significant implications for a startup's operations,...
Why LLCs are the “middle ground” business formation option
When an aspiring business owner settles on a particular structure, this decision will impact everything from how the company will be taxed to whether the owner’s personal assets will be shielded in the event that the company incurs debts it can’t pay or is sued. That...
A key person clause protects your business and your clients
If you’re starting a venture capital, private equity or another type of business with a focus on investments, you and your partners or other key executives are likely the ones with investment experience and expertise that will be crucial to your business’s success....
How similar should your business partner be to you?
It is often common for people to choose business partners who are fairly similar to themselves. And you can certainly see the benefits of doing so. If you find someone who is similar to you, you’re more likely to get along, enjoy working together and have similar...
Which business formation structure is right for your company?
With very few exceptions, businesses cannot lawfully operate within a given state until they’ve been formally registered. If you’re launching a new business, you’ll need to commit to a business formation structure before registering to operate in any state in the U.S....
3 contract essentials
As a business owner, you will need to deal with hundreds of people. Any one of them could cause you a problem that requires a legal solution. Contracts can reduce the possibility of that happening. Provided, of course, they are well written. Here are some of the...