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Everything You Need to Know About Business Partnerships (Especially With a Friend or Relative)

As if entrepreneurship wasn’t scary enough, we have this incomparably unknown and yet timeless institution of corporate America, from the smallest endeavor of the lemonade stand to a superior launch of a law firm — the business partnership. Of course, one would think that such a thing would be a lot easier to deal with than simply being a sole proprietorship as many entrepreneurs are. That’s not the case.

business partnership

You’re cooperating with another human being, basically. It’s a type of unincorporated business, subject to everything like taxes, certain regulations and even government inspections depending on the industry you’re in. There will always be conflicts of interest, disagreements and legal repercussions.…

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Everything You Need to Know About Choosing The Right Business Structure

If only it were so cut and dry when starting a business, we wouldn’t have all these headaches with paperwork, legal stuff and guidelines to deal with. However, the way business works would be a disaster if we didn’t have these specific legal structures to choose from, namely….

  • Sole Proprietorship
  • Partnership
  • (C) Corporation
  • (S) Corporation
  • LLC (Limited Liability Company)

business structure

That’s a lot to take in, especially if you may not know how they’re all different. Each one has specific advantages depending on the needs of the business. Each one also has certain aspects you must take into account, or else you’re losing money on account of your negligence.…

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7 Employees You Should Fire Now

The key to your growth and success as a corporation has one engraving on it. No, it’s not sales. It’s not marketing and advertising. It’s not even information technology, although that maintains efficiency on a high level. It’s this: workforce.

Your employees matter the most. Consequently, the right employees matter even more, if that is possible. I’d wager to say that in the corporate world, the right employees are first and foremost the highest priority! Sadly, though, it seems that entrepreneurs, budding CEOs and managers out there have a problem, in that they have a hard time spotting the right ones, only going for the wrong ones.…

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Sponsoring an H-1B Visa as a Startup Business

We already know this: the employees make the company. That’s for sure. How, though, do we find them? We put our ads out there, we have accounts on Careerbuilder, we contact recruiters with requests to help find the best possible candidates, and still we’re often left high and dry. It’s as if the supply isn’t as much as the demand, and in many ways, that’s true.

We have to search elsewhere. But where? This is where an H-1B visa might help, as we target the foreign market as such for employment in our companies here in the state. First off…

Sponsoring H-1B Visa

Can You Explain What an H-1B Visa Is?

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5 Tips to Having The Best Terms of Service

This is undisputed, really — a growing successful company needs direction, plain and simple. Without it, you’ve got a corporation just going wherever the wind blows, and sometimes that wind will blow clear across the ocean, into a monsoon, with crashing waves, and the ship gets way too torn up to see the light of day. It’s not a pretty sight.

creating terms of service

To avoid the storm, though, you’ve got one concept here acting like your guiding compass: the “Terms of Service” agreement. Let that lead you. With that kind of document, you can rest assured that you’ll always find your way with your company.…

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