More Hidden Costs of Running a Small Business
So, you thought you had it all covered. You budgeted wisely, and your small business is up and running. There were even a few surprise costs that emerged, but you rolled with the punches. Now it is time to learn that a small business owner must always remain vigilant because running one is never without […]
Six Simple Tax Questions for the Small Business Owner
Plenty of individuals are comfortable doing their own taxes. That is not the case with new small business owners. It is easy to assume an accountant will handle everything, but it helps to have a basic understanding of small business tax. If you are considering starting your own small business, you can add tax questions […]
Commercial Leases: Maintenance and Repair
Responsibility for maintenance and repair is meant to be shared between the landlord and the tenant in a commercial lease. Rent may be a negotiating tool, but before you sign that lease, be sure that you understand what your obligations are — knowing what you cannot do is equally important. General expectations will always be restricted […]
Understanding Why Small Businesses Need Lawyers
Having your own lawyer always sounds like a luxury that only belongs to large corporations or extremely wealthy people. This is sad because many small business owners fail to understand what a business lawyer can do for them. In order to rectify that, we should probably look at the roles that lawyers play in the […]
Choosing the Right Location for Your Small Business: 8 Deciding Factors
The best strategy follows extensive preparation. In Choosing the Right Location for Your Small Business: Budget & Space, we prepared by determining the budget and space needed to choose the right location for your small business. Now we can focus on eight specific factors in order to make our final selection.DemographicsWho are your target customers? […]
The Basics of Signing a Contract
A sole proprietorship is as simple as it gets. You are the sole owner of your business. You started it. You run it. The profits are yours, minus Uncle Sam’s cut. The moment your business requires interaction with others, contracts enter the picture. Contracts are inevitable but, all too often small business owners fail to ask […]
Pursuing a Property Tax Appeal
Welcome to New Jersey, home to one of the highest property tax rates in the nation. What can you, a business owner, do about it? How can you save thousands of dollars per year? The answer is simple. You should pursue a property tax appeal if the tax assessed value is significantly higher than the […]
What is an Asset Purchase Agreement?
An agreement between a seller of business assets and a buyer is called an asset purchase agreement. It sets the terms of the sale and includes provisions such as payment of the purchase price. All of the business assets, fixtures, furnishings and equipment that the seller utilized for company business are included. This also includes […]
Promissory Notes and Repaying Loans
Borrowing money can feel good when motivated by the goal of starting your own business. The lingering anxiety belongs to the question of repayment. A business attorney will help you understand the ins and outs of the various repayment plans. Those terms are set when you sign a promissory note.What Is A Promissory Note?A promissory […]
Five Challenges Facing the Family Business
Anyone who starts a business will have plenty of hurdles to overcome. The same could be said for starting a family. What happens when you combine the two? Here are five challenges one might face while running a family business:Playing FavoritesEmployees of a family business often get the job because they are related to the […]