Tips from November 4, 2009
The Small Business tips today discuss legal concerns for start up businesses.
- Sole proprietors should incorporate their home-based businesses with
tax benefits and protect personal assets from business
liabilities.
- You can use your own name as your business name in most states without
having to register it. Everything else needs some type of registration.
- Minimize disputes with clients by having thorough contracts, detailed
wording with no room for excuses, multiple signatures, and clarity from
both parties.
- General rule of thumb: a business that sells goods, needs a business license; a business that
offers professional services (regulated by the state) needs a business certificate.
Daily Overview: All business legal concerns
should be taken to a lawyer who knows the laws in your state, specific
to your situation.
We post these small business tips to our employee's Twitter account each day, Monday through Friday. This is a reposting of those tips.
If you enjoyed this post, please consider leaving a comment or subscribing to our free newsletter to receive future articles and information delivered directly to your email inbox.
