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What Small Business Owners Should Know About Business Credit

For a small business to grow, it is often necessary to borrow money. The Small Business Administration reports that the inability to obtain funding is one of the main obstacles that prevents small businesses from expanding their operations. To increase your business’s chances of obtaining much-needed funding, it is [...]

By |2019-08-06T17:04:52-07:00August 10th, 2019|Categories: Business Planning, Financial, Taxes|0 Comments

Can Your Small Business Write Off Bad Debts?

Despite your best efforts to work only with customers or clients you believe will pay for the goods or services your business provides and to diligently collect delinquent amounts owed, you will almost inevitably have to deal with bad debts occasionally. Sometimes, the IRS allows you to take a [...]

4 Reasons to Consider Changing Your Business Structure

As your small business expands and evolves, it may make sense to consider changing its structure. Many small businesses start as sole proprietorships or partnerships, with only one or two owners and no employees. Over time, as your business grows and changes, a more complex business structure may become [...]

Summer is Here: Should Your Small Business Have a Vacation Policy?

There is no legal requirement for businesses to offer paid or unpaid vacation time to employees, but it is common knowledge (and common sense) that employees who occasionally take time off are more productive and engaged when they return to work. If you offer vacation time to your employees, [...]

By |2019-08-06T16:51:33-07:00August 7th, 2019|Categories: Business Planning, Employment|Tags: , , |0 Comments

What You Need to Know About Non-Compete Agreements for Your Employees

A small business that has invested substantial resources in developing a product or a customer base could be devastated if its employees then go to work for a competitor down the street or set up their own competing business.  A non-competition agreement is an important tool that could protect [...]

By |2019-08-06T15:59:29-07:00August 6th, 2019|Categories: Business Planning, Employment, Financial|Tags: , |0 Comments

Legally Terminating Employees

Most small business owners will occasionally have to face the unpleasant task of firing an employee. Small businesses rely heavily on each employee. An underperforming employee may not only lower the morale of other employees who have to pick up the slack, but may also jeopardize the success of [...]

By |2019-06-17T22:14:48-07:00June 18th, 2019|Categories: Business Planning, Employment|Tags: , |0 Comments

Does Your Small Business Need a Social Media Policy?

According to 2018 data provided by SCORE, the largest provider of volunteer business mentors in the United States, 77% of U.S. small businesses use social media for their sales, marketing, and customer service. If you plan to usesocial media to promote your business, a social media policy is essential [...]

Steps to Protect Your Small Business from Non-Paying Customers

Unfortunately, most businesses must deal with non-paying customers at least occasionally. You can safeguard the time and money you have invested in your small business by taking several steps, both to lessen the likelihood of nonpayment and to obtain the amount owed once a customer has failed to make [...]

By |2019-06-18T08:12:39-07:00June 18th, 2019|Categories: Business Planning, Contracts|Tags: , |0 Comments

8 Important Provisions Small Businesses Should Include in Commercial Leases

Are you considering leasing office or retail space for your small business? Your lease can have a huge impact on whether your business succeeds or fails. Several important provisions should be considered before you sign on the dotted line. Leases of a certain duration (usually one to three years, [...]

By |2019-06-17T19:57:54-07:00June 17th, 2019|Categories: Business Planning, Contracts|Tags: , |0 Comments

Business Insurance: Protecting Your Business from Unexpected Losses

As a small business owner, you have invested large amounts of time and money to make your business a success. Business insurance protects this investment if unexpected damage to property occurs or lawsuits, which could otherwise devastate to your business. There are many types of insurance available depending upon [...]