Many determined individuals begin their entrepreneurial journey by operating their business as a sole proprietorship. It’s no wonder why. As a sole proprietor, the costs to start and legal formalities to maintain a business are less than when registering as other types of business entities. However, there are drawbacks to being a sole proprietor. The most significant downside is that the business owner is personally responsible for all debts and legal liabilities of the company.

It’s common for entrepreneurs to consider changing from a sole proprietor to an LLC as their business grows […]

Many business owners operate multiple businesses and there’s a good reason for that: Once you have one business and business structure in place, it’s much easier to get a new business off the ground than if you had to start from scratch each time.

At some point in your entrepreneurial life you may come upon an idea or opportunity too good to pass up. But you have no intention to stop operating your current business. So, the question becomes how should you structure the new business—should it be a part of the original […]

Consumers have many choices when it comes to legal services, from do-it-yourself online legal services, Alternative Legal Service Providers (ALSP) and even the Big Four accounting firms (Deloitte, PwC, EY, and KPMG) have recently added legal services to their menu of services. How can your mid-sized firm compete with the competition growing exponentially?

For business clients, there are several ways you can expand your offerings without having to invest too much time or money. Since you’ve already gained their trust in legal matters, now is the time to build loyalty and appreciation by providing […]

The start of a new year provides the perfect opportunity for business owners to set new goals and find unique ways to improve their operations. There are plenty of different options for your 2020 resolutions, from shoring up your finances to organizing your online presence. Here are some suggestions and tips from members of the online small business community.

Grow Your Savings with Money New Mindset

If one of your resolutions for 2020 is to save more money for your business, you may need to shift your mindset. So how can you […]

I think it’s safe to say that nearly all business experts agree that all entrepreneurs can benefit from having a business plan. Why is a business plan important for your startup? According to a study by Palo Alto Software, entrepreneurs who have a business plan are about twice as likely to successfully grow their business, attract investors, and get loans than those who did not have one.

What is it about a business plan that makes it such an essential ingredient for success? Let’s take a closer look!

12 Reasons Why a Business Plan […]

Subway, Snap-on Tools, MaidPro, ACTIONCoach. They’re all very different types of businesses with one significant thing in common—they began as small businesses and increased their revenue exponentially by franchising. If you’ve considered how to grow your business by leaps and bounds without starting and running dozens or hundreds of locations yourself, you may have wondered how to franchise a business. In this article, you’ll learn more about what franchising means, how to determine if franchising makes sense for your business, and what’s involved in franchising a business.

What Does Mean to Franchise a […]

There may come a time when you decide to expand your business into an additional area of focus or take an online business to a storefront (or vice versa). Can you run both businesses under your existing LLC? The short answer is, “Yes, you can.” However, you have other options to consider before jumping in and handling things that way. The route you choose can impact you in several ways (including your liability and tax obligations), so it’s critical to do your homework and weigh the pros and cons.

I recommend talking with […]

Wouldn’t it be nice if content marketing was a science? It would mean you could create a plan, follow the steps, and instantly see amazing results. But sadly, content marketing isn’t a science; it’s more like an art. And that means you can do everything right and still not quite achieve the results you were hoping for.

It’s frustrating for startup companies. However, one of the advantages of being a startup is that nothing is quite set in stone just yet. The business is at a stage where processes are flexible and where […]