Category: Business Formations

What to Do When a Business Partnership Fails

What to Do When a Business Partnership Fails

Since half of all marriages in the US end in divorce, should it really be a surprise that business partnerships often do not work out? There are so many things that can come between business partners, for example: One partner may feel that he or she is carrying all of the weight of business operations […]

What Is an S Corporation (and Is It for You)

What Is an S Corporation (and Is It for You)?

Incorporating can have some great benefits for a small business owner. However, it is important to understand the different types of corporate formations and whether or not they will meet your personal business needs. Here are some things you should know about an S corp. What Is an S Corporation? Organizing your business as an […]

3 Reasons to Incorporate Your Small Business

3 Reasons to Incorporate Your Small Business

When you start up a new business, you have a number of business formation options. Small business owners choose a sole proprietorship since it is the easiest to set up. However, there are several big advantages to incorporating. Here are three reasons to consider it. Tax savings – Self-employment tax is basically a double tax […]

Don’t Hire Your First Employee Without Consulting This Checklist

Don’t Hire Your First Employee Without Consulting This Checklist

Employment law in California is always changing, so as an employer, you want to be sure to stay updated so that you avoid potentially costly fines. Here are 5 things you should always check before hiring an employee. Confirm eligibility – You have to make sure that your employees are eligible to work in the […]

5 Things to Look for in a Business Attorney

5 Things to Look for in a Business Attorney

If you own and operate a small business, you no doubt understand the importance of having the right business lawyer on speed dial. So how can you choose the right lawyer for your business? Here are 5 tips: Honesty – You want a business attorney who will not only tell you the truth but who […]

5 Things to Know Before You Start Hiring Employees

5 Things to Know Before You Start Hiring Employees

From one small business owner to another, expanding to the point that you have to start taking on employees is a big step. But before you expand, there are a few things you should know about the move from a sole proprietor to an employer. Employment Eligibility – You can’t hire just anyone. You need […]

5 Important Phases of Incorporating in the State of California

5 Important Phases of Incorporating in the State of California

Small business owners are often enticed by the tax and liability benefits of incorporating a business. However, going from a sole proprietorship to a corporation may seem like a daunting task. Here are 5 important phases involved in setting up a new business as a corporation in California. Choosing the Company Name. You need to […]