What are the hazards faced by a small business? We can spot the obvious dangers: direct competitors, suppliers who could destroy our bottom line with a single price hike and of course, legal troubles. But just as often, there are dangers lurking from within. Disputes among owners or partners are common reasons for even a successful business to go off course. Preparing for this possibility is not only prudent but Read More
Why You Need an LLC for Your Small Business
Who gets stuck with the tab when a small business is in the red? If you are a sole proprietor, running the enterprise without legally incorporating it, you do. All debts and other liabilities are your personal responsibility, and that means creditors can come after your home, your bank accounts, your car and pretty much anything else you own in order to collect. Every entrepreneur needs to consider the ramifications Read More
