Identifying which business structure you want to use in a start-up seems like an easy choice. However, the wrong decision can cost you in the long run. The most popular company formation choices are S corporations, C corporations and LLCs. All have their benefits and disadvantages. Here is what you need to know about S corporations.
According to a Clutch report, 66% of US employees surveyed were working from home during the pandemic. The rise of remote working is a necessity of the time, but it has many businesses considering working remotely as an ongoing option for their business. With so many businesses new to the concept, many executives don’t fully understand their full legal obligations and responsibilities. Before drafting a work from home policy, here are some legal issues to consider:
Starting a new business is a risk for both the ownership group and potential employees. It may be difficult to ask for a commitment from employees when there is no guarantee their jobs will be there long term. One way to provide an incentive for high performing talent is to issue equity, or ownership, in the company. Here are some items to think about how to give employees equity in a start-up. Continue reading
If you are deciding to research business succession planning, you are taking the first step to secure your legacy and leaving your business in the right hands. Business succession planning involves a series of logistical and financial decisions concerning how a business owner wants to exit their business. Whether you leave the business by retirement, disability or death, having a succession plan in place is a smart decision.