Category Archives: Small Business
Are You Issuing Predatory Loans to Your Employees?
D.C. is one of the most expensive cities in the country, and you like to think that you are doing your part to contribute to the prosperity of its inhabitants by operating a small business where you sell your products or services to customers at affordable prices while paying your employees a fair wage. … Read More »
LLCs Are Not 100 Percent Creditor-Proof
Choosing a business structure is the first thing you do when you establish a business, and many entrepreneurs, especially inexperienced ones, make the decision hastily. When your only basis for the decision is the one-paragraph descriptions on the IRS website, you can easily get the impression that the limited liability company (LLC) business structure… Read More »
LLC Operating Agreements
Starting a business is easy, but making it profitable is not. To incorporate a business, all you have to do is file a form, and then you can get to work marketing your products or services. When things go wrong, though, you often wish that you had more written agreements to rely on so… Read More »
ABC As an Alternative to Bankruptcy
The decision to close a business can come as a relief. You might be walking away from an unsuccessful venture so that you can start a new one that has greater chances of success. Perhaps you have decided to get out of the entrepreneurship game all together and just work a boring desk job,… Read More »
What’s With Banks Unexpectedly Closing Down Small Business Accounts?
Small business owners learn early on to roll with the punches. Your shipment of crab meat didn’t come in today? Sell lobster rolls and call it a house special. Your French fry cook didn’t show up today? Put on your hair net and your apron and get to frying? The cash register doesn’t have… Read More »
HVAC Disputes and Commercial Leases
Most people cannot afford to buy the apartments, houses, and commercial units where they live and work, but renting is not a perfect situation. Everything is fine when all of the appliances and utilities in the rented space are functioning well, but when something malfunctions, the disagreements begin. Tenants do not always have the… Read More »
Can Artificial Intelligence Help Your Small Business Operate More Efficiently
Despite the stereotype that entrepreneurs only care about money, most business owners will tell you that the most rewarding part of operating a small business is the human interactions, the opportunities to connect on a human level with such a wide variety of people. No matter what kind of products or services your company… Read More »
Social Media Influencer Agreements and Breach of Contract Disputes
Cranky old journalists like to make it sound like being a social media influencer is not a real job. Whether the products that influencers provide, namely videos and other content formats that promote brands, are beneficial to society is a matter of opinion, but from a legal standpoint, social media influencers are just like… Read More »
Getting Out of a Business Partnership
Entrepreneurs thrive on the constantly shifting alliances of business entities and partners. Many successful business people have bought and sold ownership interest in multiple companies over the course of their careers; they may have even established some new business entities, alone or with partners, or dissolved some business entities. The breakup of business partnerships… Read More »
How Can Small Ecommerce Businesses Compete With the Big Guys?
The COVID-19 pandemic did not break us entrepreneurs, but it taught us things about ourselves that we didn’t know. Entrepreneurship always requires you to adapt to changing conditions, and local businesses that were able to pivot to ecommerce during the pandemic managed to attract a new clientele while keeping the old one. Of course,… Read More »
