As a business owner, the decision to choose the right business formation is not a light decision. One of the important factors that demand careful consideration is the potential tax implications associated with different business structures. 1. Sole proprietorship A...
Business Formation & Planning
3 reasons entrepreneurs choose to start LLCs
There are multiple different business forms that someone can select when starting a new company. One of the most popular is the limited liability company (LLC). Entrepreneurs in a variety of different industries choose to create LLCs when starting new businesses for...
What should you learn about a business before acquiring it?
Buying a second business could be a boon for your current company. Still, you should be sure that your acquisition does not cause you a lot of trouble. Due diligence may reveal problems that could cause you to think twice about your purchase. Since business...
How to set up a successful partnership
If you are thinking about going into business with another individual, it is important to know that a partnership can either make or break a company. If you want to have a successful business endeavor, you must also set up a successful partnership. The first step is...
Including plans for handling disputes
When forming a business, one of the most important things to do is plan ahead for potential disputes. No one wants to get into a dispute, and no one wants to deal with them. However, they are an inevitability for many business owners. Thus, having a good plan is...
How can you build relationships with investors?
Working with investors can help you optimize your resources and expand your business in Virginia. Getting noticed and building rapport will take time and require consistent effort. When you know which steps to take, you can know where to focus your attention. Valuable...
Important steps to take when your business faces a lawsuit
Early in the stages of business preparation, you set out a list of things to do: Create a business plan, secure investors, find a location and hire capable employees. These are just a few matters you wanted to address. Another important event it's important to...
What do you know about calculating costs for starting a business?
Recently, you took the first step in starting your business. You want to secure startup funding, but you must determine how much to request. The U.S. Small Business Administration breaks down how to determine business startup costs. Learn how to attract investors by...
Will my business cease to exist in a merger?
If you are considering an offer to merge your company with another business, you may wonder what it will mean for your operation. While a merger might mean the end of your business, this is not always the case. Mergers take different forms, so it is possible your...
Which type of legal entity is your startup?
It's not always easy to determine which legal entity option is best for your startup when you're first registering as a small business. The best fit for a legal entity in Virginia depends on what your goals are within the scope of this business. One key consideration...