Do I need a license / permit to open my business?
That depends on what type of business you own. Many businesses do not need any special licenses or permits in order to operate their businesses. However, some businesses that engage in …
more
What steps should I take to start a business?
When starting a new business, several key decisions must be made regarding the organization, financing, management, and operation of the business. First, you should do your homework – …
more
Do I Need a Taxpayer Identification Number for my Business?
A taxpayer identification number (TIN) is a number used by the Internal Revenue Service (IRS) to identify people and companies. Most companies need to file with the IRS to receive an Employer …
more
Being Squeezed out of a Family Owned Business?
Minority shareholders often find themselves being squeezed out of a business when the majority shareholders decide to get rid of them. While this happens in all kinds of businesses, there are additional reasons in family owned businesses for putting pressure on a minority shareholder to sell his or her shares. A squeeze out occurs when a stockholder is forced to sell his or her stock …
more
Using Incentive Stock Option Agreements to Attract and Retain Key Employees
No matter what the status of current economic conditions, businesses often compete to hire the best, most talented people possible. Employees who are choosing between different companies consider the entire employment package being offered including working conditions, paid time off, benefits and, of course, compensation. Compensation includes not only salary but also bonuses and stock …
more