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