When you set up a new business, it is important to remove any rose-tinted spectacles you may unwittingly have put on. While a positive attitude is crucial to getting a business off the ground, it can sometimes cloud people’s judgment. Staying aware of what could go...
Business Formation & Planning
The mistake entrepreneurs make that leads to personal liability
When starting a new business, many entrepreneurs specifically create limited liability companies (LLCs) to shield themselves from personal financial risks. They do not want to be financially responsible for the business's debts or leave their assets at risk if someone...
3 risks to address when forming a Florida startup
Starting a new business is exciting and rewarding, but it may expose you to unexpected financial and legal risks. For example, failure to comply with Florida employment laws can land you in hot water. Knowing about some of these risks in advance can help you address...
Starting a business and planning for “the end”
Every entrepreneur dreaming of starting a small business has their own goals and motivations. Some people want to be a boss and provide employment opportunities for others in their community. They want their children or grandchildren to take over when they retire....
3 key provisions to have in an independent contractor’s contract
Whenever you hire a third party to complete a specific task on a short-term basis, you need to draft a contract for them. Done right, this contract outlines the terms of engagement, each party’s responsibilities and entitlements as well as any other requirements. ...
What’s the best strategy for starting a business in Florida?
Starting a business is an exciting endeavor, but it requires careful planning and strategy to increase the chances of success. You’re in luck if you’re considering launching a business in Florida because the state is known for its thriving entrepreneurial ecosystem,...
What to include in your employee handbook
An employee handbook is, without a doubt, one of the most important assets in any company. Also known as a staff manual, an employee handbook articulates and communicates the organization’s policies. But what exactly does an employee handbook contain? Here are...
What is a sole proprietorship?
One of the first decisions you have to make when you open a business is what type of structure you’ll use. Many people choose a sole proprietorship. This is the easiest type to start, but there are some limitations you should know about. If you’re ready to open a...
The importance of drafting a business contract right
Business contracts are more than an exchange of goods and services. Contracts are all about details – every word, punctuation, sentence and paragraph constitutes how a contract is legally interpreted. A mutually beneficial legal document can help form relationships...
3 things to consider before entering a business partnership
A lot of people end up in business with someone without enough thought. Maybe they were already friends, or perhaps circumstances just threw them together. Yet, the success of your business will depend on the success of your partnership. Human relationships can be...