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Top Retirement Planning Mistakes
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In recent years the vast majority of Americans have learned a very hard lesson, and that is that if they are going to be able to retire on time and in a manner in which that have envisioned, it will be up to them to ensure that it happens. …
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What is a “Life Estate”?
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A “life estate” is an estate whose duration is limited to the life of an individual (usually the party holding the life estate), and a legal arrangement whereby the “life tenant” during his or her life retains use (the rights to rents and profits), possession of the property and…
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HUBZone
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HUBZone Certification The Historically Underutilized Business Zones (HUBZone) program helps small businesses in urban and rural communities gain preferential access to federal procurement opportunities. These preferences go to small businesses that obtain HUBZone certification in part by employing staff who live in a HUBZone. The company must also maintain a…
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Small Business Tax Audit Prevention
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Currently 2017 tax has come to a close, and the 2017 tax due date will be here sooner than we think. Although small business taxpayers are in fact rising in numbers, the Internal Revenue Service will not be slacking when it comes to those who either do not pay…
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Business Insurance: List of Different Types of Insurance Policies
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Business insurance is a broad description that can be broken down into a list of types of insurance policies. Property Insurance Property insurance insures against loss or damage to the location of the business and its contents. It can also insure the property of others in your control…
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The Concept of Agency
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Agency law holds that an agent is a person who is authorized and agrees to act for another person or entity (the principal) with regard to contractual arrangements with third parties. Typically, agents are employed to find, negotiate and conclude contracts on behalf of the principal. The establishment of…
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Tax Considerations for Small Businesses
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In a perfect world, it would be best to plan everything out and then implement the plan. But people usually jump into business and are well on their way before they know exactly what they’re doing. Before you get too far astray take a minute to consider some basic…
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Intellectual Property
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Intellectual property (IP) is a term referring to a number of distinct types of creations of the mind for which a set of exclusive rights are recognized. Under intellectual property law, owners are granted certain exclusive rights to a variety of intangible assets, such as musical, literary, and artistic works;…
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Collections
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A collection agency is a business that pursues payments of debts owed by individuals or businesses. Most collection agencies operate as agents of creditors and collect debts for a fee or percentage of the total amount owed. There are many types of collection agencies. First-party agencies are oftentimes…
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Success by Multiplying Yourself
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Have you started a business, or have you bought yourself a job? The difference between business and job lies partly in whether or not you can manage to multiply yourself. Let’s illustrate: a master woodworker starts his own company because his talent in fine inlaid furniture has attracted…
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