What Happens When an LLC Member Dies?

In theory, a limited liability company (LLC) can last in perpetuity. However, the owners of an LLC should plan for the day when they are no longer there to run their business.

Business Ownership and Divorce: What You Need to Know

Divorce is rarely simple. When two people’s lives are intertwined—physically, emotionally, and legally—separating the individual strands can be a task akin to untying the Gordian knot. The longer a couple has been together and the more they share, the more difficult this task becomes. It can be even more difficult if the divorcing couple co-owns a business or one spouse owns a business. 

Using a Deferred Compensation Agreement in Your Business

shaking hands in agreement, monetary agreement

The war for talent is heating up. A record number of workers have quit their jobs this year, creating a massive problem for employers. While higher pay can help get new workers in the door of your business, wages alone may not be enough to keep them there. 

Considering Bankruptcy for Your Small Business

Considering Bankruptcy for Your Small Business

Starting a small business entails significant risk. You forego the security of a steady paycheck to create economic opportunities for yourself. Business failure rates have remained steady over the years, but the statistics are pretty daunting: by the five-year mark, around half of small businesses have failed. 

Pre-Employment Background Checks

Pre-Employment Background Checks

While the type of job will determine whether to perform a pre-employment background check, and what kind, these 10 tools should be considered.

8 Common Business Mistakes New Business Owners Make

Woman business owner flipping sign to "open" Common Business Mistakes New Business Owners Make

The key to a successful business is having the right people, financial knowledge, effective processes, and a well-researched business plan. Forming and running a business is hard regardless of whether the business provides products or services. As a business owner, you are likely to make mistakes, but you can learn from them. Awareness of the following common business formation mistakes may help you avoid them and increase your chances of building a successful and lasting business.

How Do I Obtain a Business Loan?

How Do I Obtain a Business Loan?

Understanding how to obtain a business loan can increase your chances of being approved for the full loan amount that you request for your business.