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 …
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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 – …
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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 …
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An Ounce of Prevention - How Businesses Can Minimize the Threat of Litigation
Litigation is not only a nuisance for a business; it can also lead to a business’s demise. The uncertainty of pending litigation can make existing and potential investors nervous and unwilling to provide the resources necessary for the business to succeed. The damage may be done even if the business is ultimately cleared of any wrongdoing. Of course, if the business is …
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Buy Sell Agreements
People enter business ownership relationships with the hope that the relationship will continue for as long as the business operates. However, despite the excitement of a new business, it is important to be realistic. A co-owner may want to leave the business in the future and all of the business owners must protect themselves for that possible, or probable, occurrence. For example, …
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