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Choosing between running your business as a sole proprietorship, an LLC, or a corporation can be confusing and there isn’t necessarily a right answer. It really just depends on what your goals are: limiting liability, receiving major investments, making tax payments simple, etc., and then choosing the structure that best meets your needs. So, let’s...
Yes, there are differences between employment agreements and contracts and it’s important to know what you’re getting yourself into with either one. The main difference between the two is that employment agreements reflect an at-will employment relationship; meaning the employer can fire the worker for any reason or no reason at all, as long as...
If you are a restaurant owner or manager, you know just how challenging managing your employees can be.  There seem to be over a million laws to follow on top of hiring workers that may be with you for 2 year or a mere 2 days. In large part, restaurants and bars are easy targets for...
Hiring your first employee is a big milestone, but also comes with a lot of responsibilities. For starters, as an employer you are responsible for payroll taxes, carrying workers’ compensation insurance, and providing paid sick leave in California. Follow these 5 steps to get the process started right. 1. Create a Clear Job Description A...
Have you been running your business as a sole proprietor? Is it time to form an LLC or a Corporation? If you meet any of these benchmarks, you should definitely consider making a switch. You’re running a business! In my humble opinion, anybody starting a business should start from the beginning with a Limited Liability...
The answer to this question is an emphatic YES! You need to figure out whether your business fits better in the structure of a Corporation (for-profit or nonprofit) or a Limited Liability Company (LLC) and then operate within that structure. Here are 3 major benefits you get from creating a Corporation or LLC: Owners are...
Hiring new employees in any business can be a challenge, but hiring employees for the very first time can be especially challenging. Finding the right fit culturally and professionally requires some forethought by the employer to determine what personality and skills will actually be a good fit and benefit the organization. Take the following suggestions...
As employers we are often excited for the summer months when students are looking for internships to fulfill some academic requirement. We’re thinking, “Great! Free labor!” But, is it really? Your interns must meet the definition of a “trainee” otherwise they will be deemed an employee and entitled to minimum wage for all work performed....
Contracts are the lifeblood of business from lease agreements and product purchases to service agreements. Contracts govern nearly all business-to-business transactions and a bad contract can cost you money and put your business at risk; conversely a well-drafted contract can be your saving grace in the event of a dispute. In order to protect your...
In my personal experience, most of America has a general dislike for attorneys even though most people agree that lawyers provide valuable information and are a great asset to your team. I think most people are Starting a business and running a business is no easy task. In addition to actually executing your craft, you...