Solopreneur: I see too often that solopreneurs want to form a corporation or an LLC, but for all the wrong reasons. Here’s the 411 on if a solo business owner should form a business entity. There’s generally three or four reasons to form a business […]
IMPORTANT: READ THIS UPDATE 12/19/24: FINCEN REPORTS NOT DUE BECAUSE OF FEDERAL COURT INJUNCTION Summary of FinCEN Starting in 2024, most small businesses created in or registered to do business in the United States will be required to report information about their beneficial owners […]
The logistics of setting up an IP holding company. To create a successful business you need two things: an idea, and execution. The IP holding company holds the right to monetize the successful idea of the business, while allowing some other entity to execute monetizing […]
Why use an intellectual property holding company? To create a successful business you need two things: an idea, and execution. Often, the same person or entity is not qualified or doesn’t want to engage in the execution portion of running a business. Where there is […]
Six ways to structure your contract fee? That’s a lot. But as you start pricing out jobs you may find that one method does not always fit what you’re trying to do for a client. Alternatively, if you’re the customer you should at least understand […]
There is a lot to worry about when setting up a new business. Of course, how to make money. But there’s marketing, sourcing, finding a lease or property, buying equipment. It goes on. SET UP TASKS TO DISCUSS WITH YOUR PARTNERS But when it comes […]
The business partner dispute. They happen. But many of them can be avoided if you set out each partners’ duties and expectations when setting up the business. Disputes After The Fact Got a call the other day – two friends had formed a fitness business. […]
Just trying to contribute what I can, answering questions I’m getting about volunteer immunity. With the massive volunteer mobilization we’ve done these past two weeks, the question has come up whether volunteers helping out with this emergency have some sort of immunity in case they […]
“Scope Creep” is not a new phenomenon. You’ve probably been guilty of moving a contractor off the contract terms yourself. Here is how to recognize it, and how to stop it. The best method is to have a clearly written scope of work, and stick […]
Bringing a new business partner, co-owner, or investor comes with its own issues. Be aware of these and how to avoid problems. WHY BRING ON A NEW BUSINESS PARTNER? There’s many reasons to bring a new business partner into your business. They may have an […]