4 Reasons You Need a Non-Compete Agreement

A covenant not to compete, often referred to as a “non-compete clause,” is where one party promises not to engage in a similar trade or in certain acts of competition for a specified period of time within a designated geographical area. Non-compete agreements can be particularly useful for small businesses because they are inherently more vulnerable to outside forces than their larger and more established Read More

The 5 Elements Every Employee Handbook Should Contain

An employee handbook is essential for any business. As an owner, you likely won’t have the ability to personally relay all of the important corporate information to each of your employees. A handbook is an indispensable tool that you can use to communicate with your employees to make sure that everyone feels welcome, knows their rights, and understands corporate policy. There are numerous benefits to having one, from Read More

A Brief Introduction to Due Diligence

Imagine you are buying a house. The owners tell you that they are interested in selling because they are close to retirement and want to downsize to an apartment in the city. They also assure you that, other than a few minor cosmetic repairs, the house is in great condition. Would you, or any other home buyer, simply take the owners’ word that the house will be a great investment for you? Of course not! You would Read More

4 Potential Issues to Proactively Address in Your Operating Agreement

When creating an operating agreement for a limited liability company (LLC), members should attempt to proactively address potential future issues with the business. Sometimes unavoidable events happen, and if your operating agreement is silent on the most common issues, your business members will be left scrambling to try to amend the agreement after the fact. Having a solid operating agreement that provides for Read More

4 Ways Veterans Can Find Help Starting a Business

Veterans have more options than ever when it comes to receiving training and financing to start their own business. Specifically designed for veterans, these programs and funding sources give our nation’s heroes the financial edge and training they need to become successful business owners. 1) Military Reservist Economic Injury Disaster Loan This type of funding is administered by the Small Business Association Read More

Understanding the Pros and Cons of Organizing as an LLC

You’ve finally acted on a longtime ambition to start your own business, or perhaps you already run a sole proprietorship and want to separate your personal assets from those of the business. Your next step is to decide what type of company to form. It’s a decision that impacts how the business is run and taxed, and more importantly, your personal liability if a problem ever arises. Many entrepreneurs opt to form a Read More

How to Pick the Franchise That Is Right for You

For new entrepreneurs or those looking to venture into a different area of business, franchises have a decided appeal. You get to work with an existing brand instead of having to break new ground, there is a ready-made customer base, and the parent company is there to support your success. The hardest decision in the beginning is which franchise to buy into. Like all business decisions, this one requires careful Read More