Learn how a young startup died an early unnecessary death due to a faulty capital structure in "A Fatal Paper Cut." Great post, but IMHO, bad title. Had I not found it through Ask The VC, I would have never read the post based on the title.
Don’t think you are doomed to failure, if you neglect to craft the perfect business plan. Apparently, appearance and credibility is more important than a business plan, as reported by this research report: "The researchers also found that whether or not an entrepreneur had created a business plan for their start-up venture had no bearing […]
1. Tax and Payroll Savings Compared to employees, independent contractors save small businesses a lot of hassle, taxes, and paperwork. A small business does not have to do payroll for independent contractors; it does not have to pay social security and Medicare taxes, unemployment taxes or provide workers compensation and disability insurance. These taxes and […]
Check out Startupping, the new "one-of-a-kind community resource created for Internet entrepreneurs by Internet entrepreneurs. It is a place to share information, ask questions, and tap into the experience of others who have built and are building web businesses. Read blog posts about startup issues, participate in our discussion forums, and view our wiki resources, […]
Probably not. Even though blogs, or blawgs (get it…?), seem to be more common nowadays, very few business lawyers have them. In my area of practice I can only think of two other (small) business law blogs that really try to talk to the small business owner: Rush Nigut’s Rush on Business and Nina Yablok’s […]
No, for federal income tax purposes a sole member LLC is normally considered a "disregarded entity." Unless you hire employees, you can use your social security number for all purposes. However, for security reasons, you may want to get Federal Tax Identification Number (also known as Employer Identification Number or Employer ID Number) in order […]
One of the main reasons for choosing an S corporation over a limited liability company is the possibility to save self-employment taxes. Members of an LLC have to pay 15.3% self-employment tax on their share of the LLC’s income (for the first $94,200). Shareholders of an S corporation can split the S corporation’s earnings into […]
Have you ever thought that the contracts you hand out to your customers are another part of your marketing strategy? If not, think again. Everything you present to your potential customers (i.e. market) is marketing. Here are six things that can damage your otherwise perfect marketing script: 1. Agreements that are too long. Almost every […]
What can a member of an LLC do if managers or members of the LLC engage in conduct that harms the LLC? A New York Appellate Court has held (Tzolis v Wolff, 2007 NY Slip Opinion, Appellate Division, First Department) that a member of an LLC has standing to bring a so called "derivative action." […]
I’ve pretty much had given up exercise for blogging. But since I figured out a way to take blogging to the gym, I’ve been back. I make it bearable by listening to podcasts, the audio version of blogs. Today I listened to (and recommend): Preparing you Businesss for Sale – An interview with Mathew Ashburn […]