Many young and first-time entrepreneurs hear a lot of advice on incorporating or forming an LLC or limited liability company as soon as possible. While incorporation offers many benefits, including limited liability protection, not every startup company should rush to form a separate legal entity. Before deciding to incorporate or form an LLC, it is a good idea to meet […]
We can’t all be entrepreneurs, there just aren’t enough problems that need to be solved and it takes a certain innate quality to venture out on your own. However, at some point, we will all have to establish and manage our careers, and there is no reason why we cannot apply the mindset of an entrepreneur to this task. It […]
There are many business owners who want to accelerate the growth of their business, but it generally depends on having a little more money available. With this, they could advertise more, replace old equipment or buy new, increase their inventory to sell more items, etc. Some business owners take matters into their own hands by financing these expenses with their […]
If you are preparing to start a new business, or have already done so, it is important that you understand the areas where business and laws intersect and depend on each other. There are a wide variety of potential legal situations that business owners may find themselves in when starting a business or growing an existing one. Because the average […]
Market research is an important part of a company’s decision-making process. However, there are times when you need to do market research and others when you don’t. When it keeps you at the forefront of the markets in which your company operates; helps you achieve a strategic marketing advantage; allows you to select the course of action that achieves your […]
No matter where you live in North America, you must have seen some humorous cartoons depicting a not-so-trustworthy real estate agent intending to sell a home to an innocent-looking couple. My favorite vignette, which still makes me chuckle today, dates back to a few years ago when I was practicing real estate at United Realty. It was a Pompeii Realty […]
Pre-employment background checks are the standard procedure for hiring in almost all successful organizations. The FSA checklist is a tool used to better screen and evaluate potential employees. The FSA’s key employment verifications include the following areas 1- Previous employer reference 2- Authentication of educational documents 3- Character reference 4- Verification of identity and address 5- Credit history and similar […]
What constitutes your business credit score? What gives you the best chance of getting a loan? Here are some factors that influence your business credit image and what you can do to get the most out of them: 1. Payment History – Your payment history is an important part of your business credit profile and is what your D&B Paydex […]
Is it my imagination, or did I hear someone complaining about real estate commissions? Anyone complaining about real estate commissions now won’t be thrilled if banks get their way and are allowed to sell real estate, something the American Bankers Association (ABA) has tried to do by pushing, lobbying Congress and paying. . million dollars in the process in the […]
Depreciation is defined as the part of the cost of a fixed asset that is expensed for a particular year or period. Except for land, all property and equipment are subject to depreciation. Depreciation is the decrease in the asset’s utility through use. The straight-line method is one of the depreciation calculation methods that results in the equitable distribution of […]
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