One of the questions we get asked most frequently is “How can you work with your brother?” This week we tackle partnerships. What are the benefits to a small business partnership What are the drawbacks of a partnership How does personality effect a partnership (DiSC profile) Can a partnership work if you have the same [...]
Our goal with Help Start My Small Business is to help you achieve the dream of successful small business ownership. This doesn’t mean you’re ‘getting by’ running a small business. This doesn’t mean you’re struggling financially both in your business and personal life. It means you’ve found that perfect mix of business and pleasure in [...]
In a previous article we discussed the non-corporate forms of company organization. This post will cover the three most widely used legal entities in business, the LLC, C-Corporation and S-Corporation. LLC Most new businesses will need to form a legal entity to protect them against personal liability. If there is no corporate protection someone could [...]
As you’re planning and starting your new business one of the first things to decide is what legal structure or ‘entity’ you’re going to create. There are many to choose from, starting with the very simple that afford little to no legal protection, to the very complicated. A corporate structure (C, S or LLc) will [...]