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People who are starting a business have several factors to consider before they open the doors. One of these is the type of business structure they want to use. Some entrepreneurs are starting a business on their own, a sole proprietorship is one of their options. ...
The term property is commonly associated with bricks and mortar. Nonetheless, in business, property is much more than this. Business is all about branding, and your brand may consist of several types of intellectual property (IP). Failing to protect your IP leaves...
A significant number of businesses in the U.S. have some form of family involvement. A family-run business can certainly have its advantages. The company doesn’t have to look far for recruitment, board members and staff are highly trustworthy, and the business can be...
All new business ventures begin with an idea. It may involve buying a struggling business, rebranding it and turning it into a success. It may involve starting a company from scratch. In any case, an idea is only the starting point. There are a lot of factors that...
Becoming a franchisee is a popular way to start a business, offering the benefits of an established brand and a proven business model. However, many myths surrounding franchising can create misconceptions for potential franchisees. Understanding these myths can help...
Business partnerships can be very beneficial and highly successful. You may never have started a quickly growing business on your own, but you and a partner may be able to do so together. That said, partnership disputes do happen from time to time, and these can...
Choosing the right business structure for your new company is a consequential decision-making process. What you ultimately decide will impact your taxes, liability and overall management opportunities. As a result, it’s very important to carefully assess all of your...
It can be very expensive to start even a small business. Someone who wants to open a local restaurant needs to spend tens of thousands of dollars on equipment and renovation costs just to get the building ready – and that doesn’t even consider things like a business...
You and your friend have decided to go into business together, and you have both opted to split the management of your company equally. Sharing expenses and responsibilities of operating an enterprise is one of the many benefits of a successful business partnership....
If you are thinking of establishing or managing a business in Texas, understanding the tax implications of your business structure is crucial. The structure you settle on can significantly impact your tax obligations, personal liability and overall financial planning....