Building a successful business can be the crowning achievement of your professional life. You will need to plan for what happens if you retire or are no longer able to continue running the business. Succession planning can be complex. Consider these key factors when...
A business plan may have one of two objectives: to attract investors or to set guidelines for a team to follow. Many business plans address both targets. If you are about to launch a new venture, you want a business plan that puts your company and its goals in the...
Protecting your personal assets from creditors and others is one of the more valuable reasons to form a limited liability company. Still, an LLC's protections are not invincible. If a court pierces your LLC's corporate veil, your personal assets may be in jeopardy....
For any entrepreneur, selecting the right business entity is critical. Your choice will affect such issues as the amount of taxes you pay, ownership control if multiple owners exist as well as personal liability issues. You need to determine which entity such as a...