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...
Business Formation & Planning
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...
Mistakes to avoid when buying a franchise
Purchasing a franchise offers several benefits for hopeful entrepreneurs. For example, franchises come with proven business models that provide the resources and support new owners need to increase their potential for success. However, buying into a franchise isn’t...
Can you change your business structure after you open your doors?
Starting a business is an exciting process. Whether you are venturing out on your own, with a partner or forming a corporation, one of the first decisions you must make is the type of structure for your business. Unfortunately, when things are still early in the life...
Changing your business structure after starting the company
Starting a business means making a lot of decisions when things are still uncertain. You pick a name, commit to a commercial space and file business formation paperwork before you have much experience running the company. What you expect and what actually occurs may...
Why business and personal assets should always be separate
You may have heard the term is “piercing the corporate veil.” That typically refers to holding an officer, director or shareholder of a corporation personally liable for something done by the corporation. People in these positions are typically immune from personal...
Why you need an operating agreement for your Florida LLC
If you are operating a Limited Liability Company (LLC) in the state of Florida, you are not required by law to have an operating agreement. However, it is recommended that you have one. This is a document that defines the business’ structure and rules of operation. A...
What you need to know about debt issuance and your business
Many companies take on debt to grow their businesses, and one tactic is borrowing funds from their shareholders. The issuance of debt works a bit differently from other financial instruments. How issuance of debt works Debt issuance isn't new. Most people are...
