What is an EIN and ITIN (and Why Do I Need It)?
What is an EIN and ITIN (and Why Do I Need It)? When starting a new business, you will come across certain actions which require an EIN, or an employer identification number. These are often required by government agencies, banks, payment processors, business licensing, and other typical business necessities. The EIN is issued by the […]
Due Diligence for Buying a Business
Due Diligence for Buying a Business If you are on track to buying a business, be sure to exercise your due diligence as you move forward in the process. Too often does a buyer focus on price of the deal or other factors while neglecting other important aspects of a business purchase. The due diligence […]
Deals from Hell – What to Do
Deals from Hell – What to Do In my practice I have rarely had a deal go completely sideways to a nightmare. But they do happen, and when they happen it can mean some sleepless nights and restless days. Taking the following steps can help you survive your business deal gone bad. Get Everything in […]
4 Steps You Can Take Right Now to Protect Your Business
4 Steps You Can Take Right Now to Protect Your Business We get lots of questions on some simple steps to help protect a client’s business. Taking a few simple steps to shore up your protections can go a long way in reducing your business risks. Here are the most common steps I’ve recommended recently […]
What is a Liquidated Damages Clause?
What is a Liquidated Damages Clause? When reviewing or drafting contracts the little known liquidated damages clause comes up often in negotiations and internal discussions. Many times even experienced business persons are not completely familiar with the purpose and function of a proper liquidated damages clause. To better understand what a liquidated damages clause function […]
What is the Difference Between a Registered Agent Address and a Business Address?
What is the Difference Between a Registered Agent Address and a Business Address? Many times when I assist companies that have used a cheap LLC or corporation formation website or chose to form the business themselves, I find the common mistake of not understanding the importance of the registered agent address and the business mailing […]
Need to Know: Accounting Software
Need to Know: Accounting Software Every business owner will deal with basic accounting and accounting software at some point. Whether you are the type to do it all yourself or one who does the basics and hands it off to your accountant, accounting is essential to any business. Business accounting software keeps track of your […]