Business transactions happen every day in a growing company. You might be acquiring a new company or adding more vendors to your supply list. No matter what type of transactions you are handling, you should make sure that they are in your company's best interests. You must also ensure that they are executed in the proper manner.
As an employer, it is your duty to classify people who work for you correctly. The two primary classifications are employees and independent contractors. Your business can suffer greatly if you don't place workers in the correct category. One of the reasons for this is that misclassification is illegal.
One of the biggest considerations when you are trying to determine how to handle your estate plan as a small business owner is determining how assets should be divided. This isn't always easy, but having a solid plan in place can help you feel more peace as you live your life. Many company owners choose to set up trusts to care for their loved ones.
When you started your business, you knew that you did not want to go at it alone. Possibly from the very beginning, you knew that a business partnership would work best for your ideas and your company. You may even have had the perfect business partner in mind, or at least you thought he or she was the perfect partner.
Investing in commercial real estate can be a profitable venture, but it comes with a lot of responsibilities to the tenants that lease space from you. Trying to meet these responsibilities on your own can be a harrowing undertaking. Many people opt to turn to a property manager to keep things running smoothly. Still, it is up to you to make sure that things are being handled lawfully and properly.