The 3 Biggest Mistakes Entrepreneurs Make When Forming an LLC

The 3 Biggest Mistakes Entrepreneurs Make When Forming an LLC

Forming an LLC is actually a fairly simple and affordable process, and it really makes sense for many small business owners. However, there are some pitfalls to watch out for if you’ve never done this kind of thing before. Here are 3 common mistakes that are made involving LLC formation. #1 Not Understanding the Online […]

The Importance of Maintaining Your Company’s Corporate Status

If you have incorporated your small business, then you no doubt understand many of the benefits that come with maintaining corporate status. For example: Your business and personal assets are kept separate Various corporate structures have different tax benefits Corporations can take additional expenses as deductions Adds credibility to your business However, it is important […]

What Does Consideration Mean in a Business Contract?

Business contracts can be complicated for a small business owner, even when it comes to things like terminology. For example, in everyday speech, the word consideration means that you are giving something careful though. However, in business, it has a very different connotation, especially when it comes to business contracts. Let’s discuss the legal definition […]

5 Things That Could Get Your Trademark Application Rejected

Trademarks are an important part of a business. You want your company to stand out as unique. That includes not only the name of the business but also your unique logo. As a result, it’s a good idea to trademark some of your branding content. However, this isn’t always as straightforward as it sounds. Just […]

How Does Getting a Patent Work?

Have you finally come up with that great idea that is going to make you wealthy? Maybe you have developed some proprietary software for your business, or you developed a superior way to perform a service that gives you a leg up on your competitors. We’re going to discuss when you need to get a […]

Is It Possible to Split from My Business Partner?

A partnership can sometimes be one of the trickiest business formations. After all, no matter how similar your vision for the future of the company, no two people will ever have the exact same ideas on how to get there. Consider the following scenarios where two people may want to get out of a business […]