Are you about starting a business? In this section, we will provide you advice that will keep you from making little mistakes that cost money to correct.
Do you want to know if there is a law in USA, Australia, Canada or UK that sets a limit to how much profit a company can make? If YES, i advice you read on. In the United States or anywhere in the world, making too much profit will surely attract competition to the company…
Do you want to file a DBA and you want know the maximum limit? If YES, here are factors that determine how many DBAs an LLC or Corporation can have in USA. What is a DBA? A “doing business name” or “DBA” is an assumed name that a company uses, which varies from its legal…
Do you want to apply for a DBA and you are wondering if it is worth doing in USA? If YES, here are the pros and cons of filing DBAs in the United States. What is a DBA? A “doing business name” or “DBA” is an assumed name that a company uses, which varies from…
Do you want to take a business partner or form an LLC and you need to write an agreement? If YES, here is a guide on how to properly calculate sweat equity. Sweat Equity simply means sharing ownership of your start-up with your team, including employees, consultants, advisors, board members, etc. For a lot of…
What does it mean to pierce a corporate veil and how can it be done? Here is a detailed explanation of what it means to pierce a corporate veil and how to do it. What is a Corporate Veil? Corporate veil is a term used to describe the separation of a corporation from its owners….
Do you want to change your business entity from sole proprietor to LLC? If YES, here are 10 steps on how to change sole proprietorship to LLC in USA. It is not out of place to start your business as a Sole Proprietor, but you may need to change your business status from Sole Proprietorship…
Are you about starting an LLC and you need help to draft an LLC operating agreement? If YES, here is a sample LLC operating agreement template to help you. Although an LLC agreement is not needed in any state in the United States, it is still a vital document. However, what is an LLC operating…
Do you want to know the best legal structure for business? If YES, here is a comparison between a sole proprietorship vs LLC vs corporation vs partnership. Choosing a legal structure for your business is one of the first decisions you have to make when you want to start a new enterprise. You have the…
Do you want to register a C Corporation but you don’t know the requirements? If YES, here are 10-step guide on how to start a C Corporation with little money. C corporations are complex business entities that have chosen to incorporate under Subchapter C of Chapter 1 of the Internal Revenue Code. What is a…
Do you want to dissolve a corporation due to debt or other reasons? If YES, here is a complete guide on how to dissolve a corporation legally in 7 simple steps. All over the world, businesses wind down by simply closing down on operations. However, when a business is dissolved, then it means that it…
Do you want to exit a non-compete but don’t know how? If YES, here is a complete guide on how to get out of a non-compete agreement legally in 5 simple steps. If you are an employee who is working in an organization that has the power and potential to empower you with top notch…
Do you have a unique Business Name idea but you are unsure if it is available for use? If YES, here are 3 low cost ways to find out if a business name is taken. Look around you and you would find that there are avalanches of businesses scattered all over the globe. There are…
Are you a freelancer working from home? Or you recruit staff remotely? If YES, here is how to make a contract you made online legally binding in 6 easy steps. The internet has continued to make communication very easy and has also turned the world into a global village. Some years back, for business owners…
Are you about filing for a patent but you are considering whether to go it alone or hire an attorney? If YES, here is how much it cost to hire a patent lawyer. Have you just invented something? Or did you just come about a unique business idea that you strongly hope will become the…
Are you about starting a new business and need a tax ID number? If YES, here is exactly how to get a federal tax ID number for a new company in 5 simple steps. Tax is one of the major means of generating funds for the governments of any country so as to enable them…
Do you have an idea to protect but you don’t know how much it cost to patent it? If YES, here is exactly how to get a worldwide patent for a product or app FREE. If you haven’t had your idea stolen before, chances are that you might be wondering what the big fuss about…
If you are facing huge financial problems due to huge unpaid tax debt, filing an Offer in Compromise (OIC) to the Internal Revenue Service (IRS) could present the escape route you always wanted. An OIC allows you to settle your tax for less than the total amount you owe. The OIC program was created by…
Are you overwhelmed by rising debts and you seek a way out but lack ideas on what to do? If YES, here is exactly how to get out of tax debt fast in 4 simple steps. Only few things could be more frustrating than battling to pay up your tax debt. When it’s huge enough,…
Are you running a home-based business? Or, in other words, are you using part of your home for business purposes? If you just gave a ‘yes‘ answer, then you can reduce your total tax expenses by deducting from it the expenses for the business use of your home. You can enjoy this deduction whether you…
Are you about getting a personal loan or filing for bankruptcy? If YES, here are 10 easy fail-proof ways to protect your business assets from personal creditors. Everyone hopes for their businesses to succeed and hopes to not have a lawsuit on their hands which would lead to their business assets being used to settle…
Are you about going through a divorce proceeding? If YES, here are 9 easy but fail-proof ways to protect your business from a divorce law suit. We all hope for ‘happily ever after’ when getting married but unfortunately, not everyone gets to enjoy this. A lot of marriages end up in divorce and divorce rates…
What are the advantages and disadvantages of doing business as a public corporation? what are the pros and cons of taking a company public? Well, i suggest you read on to find out. Of what use is this article when I have no intention of taking a company public? This might be the thought running…
What are the benefits of incorporating a small business? Why should i incorporate a business? Well, i advice you read on to find out. Incorporating a business is a must in the business atmosphere of today. Such an action has plenty of implications beyond business; psychological, legal, and even financial. Aside from seeing the glowering…
Why do some entrepreneurs choose the sole proprietorship type of entity and others do not? Is a sole proprietorship type of business entity right for me? What are the pros and cons of operating a sole proprietorship kind of business? If you have ever asked yourself any of such questions, then read on as I…
So you didn’t sign a prenup and you are scared of losing your business? If YES, here are 27 iron-clad ways to protect a business in a divorce without a prenup. Divorce is one thing no married couple thinks about on the wedding day or the honeymoon, but the fact remains that a lot of…