If you are considering the next steps toward legitimizing your small business and setting it up to grow, you may have run into people discussing S corporations. S corporations are a specific type of business classification that many small business owners prefer to use. In very broad strokes, the most commonly noted benefits of the S corporation are its potential tax benefits and its relatively affordable protections.
Limited partnerships are a type of business structure that is often overlooked when two or more partners consider how to set up their business or investment venture. In recent years, the limited partnership has taken a backseat to the often-preferred limited liability company, but it still offers some compelling benefits when instituted properly.
If you work in the business sector, then you understand that nondisclosure agreements (NDA's) are more and more commonly a part of normal operations when a new hire joins a company. However, just because you get handed a nondisclosure agreement does not mean that you have to sign it, or even that it is legally sound. Often, companies hand prospective employees NDA's that feature wildly unreasonable terms and expect them to come back signed with no issues. Before you sign that NDA, consider taking it to a legal professional to assess its terms and see if you really want to agree to it.
Louisiana has consumer protections in place to prevent dishonest merchants from taking advantage of their customers. This check and balance system is known as deceptive trade practice laws.
These days, intellectual property is the lifeblood of many businesses. Innovation is what keeps companies thriving -- which means that what your employees know could really hurt you if they take that information and sell it to a competitor.
On June 6, the governor of Louisiana signed a bill into law that will keep auto manufacturers from selling their vehicles directly to buyers. Senate Bill 107, which was sponsored by Sen. Mack "Bodi" White, R-Baton Rouge, will strengthen other legislation meant to do the same thing. According to Tesla, though, the bill was nothing more than a move by special interests to keep the company from moving into Louisiana.
Among the things that can have major implications for small business owners are what sort of federal regulations are out there. For one, this can impact what kind of federal compliance issues are big ones within the industry their business operates in. It can also impact how much in time, energy and resources a business needs to put towards staying in compliance with federal rules.
Among the special business-related occasions here in the U.S. is National Small Business Week. This occasion is aimed at acknowledging and celebrating the important role small businesses play in America. Such companies and their owners have big impacts in their communities and on the U.S. economy as a whole.
When a person is starting a new business, there are many things it can be important for them to be aware of. This includes what regulations apply to their business, given the industry it is in. A business running afoul of such rules as it is getting off of the ground can impact its relationship with regulatory agencies, delay its ability to get into full operation and hurt its reputation.
Among the many things running a small business is is hard work. Now, this hard work can have some very rewarding results. However, if proper care isn’t taken, it could also lead to a person feeling burned out.