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 [...]
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 [...]
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, [...]
Small businesses make a huge contribution to the U.S. economy. Nevertheless, starting a new business is risky. Lenders view loans to small businesses, particularly start-ups, as among the riskiest they make, particularly when there is little or no credit history or business revenue on which to base their decision. [...]
An LLC affords its members a certain amount of personal asset protection. Part of this protection hinges on the restricted transferability of LLC membership interests. Restricted transferability protects the non-transferring members from creditors and unwelcome new members, which upholds the integrity and value of the non-transferring members’ membership interests. [...]
All successful businesses do their best to save money, improve efficiency, and increase profits when and wherever possible. This is especially necessary for small businesses on a tight budget. While there are numerous ways to save money, these eight cost-saving measures are among the easiest to implement: Bargain. Bargaining with [...]
A valid contract requires consideration. What is consideration? This video explores what is and what is not consideration.
I help you understand what is and what is not an offer when it comes to a contract.
One question I've been asked is, "How can I protect myself against difficult customers?" Click the button below to schedule a consultation! CONSULTATION Boilerplate Contracts Are Almost Worthless A client contacted me about a couple difficult clients they were having trouble with, she wanted to know if she [...]
One of the fundamental building blocks of a business is the contract. Almost everything in business is based on the contract. Ask any attorney and they can recite the basic elements of a contract: offer, acceptance, and consideration. It's too bad that's not all there is when it comes [...]