Small Business Owners FAQ: Do I Need an EIN?
A lot of small business owners ask this question. The answer is given away by the name, but you have to know what the initials stand for. EIN means employer identification number. With that in mind, it becomes clear that this number is only for employers. So the real question you have to ask yourself […]
Considerations When Purchasing a Small Business in California
So you want to be a small business owner but you don’t want to start from scratch? Buying an existing business can be a good option. However, there are a few considerations when you purchase an existing business in California. Here are some things to watch out for. Seller’s permit – The seller’s permit doesn’t […]
Protecting Your Small Business Without a Non-Compete Agreement
Non-Compete Agreements are common in the modern business world. After all, an employee of a small business is very quickly going to the learn the “secret sauce” that gives your small startup a competitive advantage. So what is to stop an employee from breaking away and becoming your primary competitor? Non-disclosure agreements between a 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 […]
Statistics About Lawsuits in the US that Will Make You Want a Defense Attorney for Your Business
Litigation can be a means of protecting your business when it comes to broken contracts and agreements or defending your intellectual property. On the other hand, there are many frivolous lawsuits in the US, and these can sometimes affect small business owners. Here are a few statistics that should move you to have a good […]
3 Ways to Curtail the Risk of Employee Lawsuits
Litigation is one of the most feared words in the business world, especially when an employee is suing an employer and you are the owner of the small business involved. How can you keep the risks of such an outcome to a minimum? Here are three tips. Make sure your employees are treated equally – […]
