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Effective January 1, 2020, Oakland’s Minimum Wage rate will increase to $14.14 from $13.80 per hour. The minimum wage must be paid to employees who perform at least 2 hours of work in a particular workweek within Oakland, including part-time, temporary, and seasonal employees. #SmallBusinesses are you ready? For more information check out the City...
Sometimes the task at hand can feel extremely overwhelming, and if you’re anything like me, being overwhelmed can sometimes lead to paralysis. Fortunately, over the past few years I’ve developed a strategy for moving past paralysis in into action. The first thing to do is to think clearly about your end goal. Once you know...
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...
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...
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...
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 afraid of opening the door for an unsightly legal bill. However, legal services for business owners are just like...
As an entrepreneur, the temptation is great to save money whenever and wherever it can be saved, but there are some key areas, like legal services, where taking short cuts will often delay arrival to your end goal. One such shortcut is using a service such as Legal Zoom, MyCorporation.com, or LLC.com to form your...