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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Business Slowdowns, Downsizing and Cost Reductions
Difficult economic times and unforeseen circumstances can negatively affect a business. A significant economic downturn can affect business and require businesses to make layoffs, for example. Or, a fire can destroy a place of business. In either case, business owners are faced with difficult emotional, business and legal decisions that must be carefully made. Business Interruptions …
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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 …
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