Business debt and equity are central to the operations of any company. The amount of debt and equity a business carries has a major impact on how the
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Sole Proprietorship vs LLC
Understanding the differences between a sole proprietorship and an LLC (Limited Liability Company) is essential for any business owner – but especially important for a business owner trying
LLC vs S Corp
Your business’s corporate structure will significantly impact a number of issues – including exposure to liability, financing and growth, the number of shareholders, the rate and manner in
Effective Annual Rate
The effective annual rate – also called the effective interest rate, the effective rate, or the annual equivalent rate – describes the amount of interest paid or earned
Lifestyle Business
A lifestyle business is created and typically operated by its founder to serve the purpose of sustaining a particular level of income, and no more. Often founded by
Employment Agreement
An employment agreement is a formal contract between an employer and an employee which defines the conditions of employment. This agreement usually will specify major employment details and
Buy-Sell Agreement Definition
A buy-sell agreement is a legally-binding agreement between two co-owners that governs any situation in which one co-owner dies, chooses to leave the business, is incapacitated, faces divorce,
Articles of Incorporation
When starting a new business, there are a few steps you’ll need to take in order to officially incorporate the business within its state. Usually the first step
What Types of Business Entities Can an LLC Own?
Business owners generally want to protect their personal assets from claims, lawsuits and certain other business liabilities associated with their business. That’s why when a serial entrepreneur adds
What is a Trademark? Trademark Definitions & Considerations
What is a trademark? The legal definition of a trademark is a word, phrase, symbol, or design that identifies and distinguishes the source of goods and services. Most