Business Law
Why Do Some Businesses Fail While Others Succeed?
Posted on May 20, 2021
It is no secret that the majority of startups and new small businesses do not succeed in the long term. Only about a quarter of new businesses are still open after 15 years. Being a small business owner is not for the faint of heart. Owning your own business requires a great deal of time, effort, and creativity. If you want your business to be one of the businesses that is successful for years to come, it is important to take proactive steps toward this goal from the beginning. Preparation […]
Seeking Advice from Qualified Experts Can Save You Time and Money
Posted on May 18, 2021
Owning or running a small business or startup is no easy feat. Business failure rates are quite grim. About one-fifth of small businesses fail within their first year. Only about half of all small businesses make it to the end of their fifth year. Two-thirds of small businesses shut their doors before they reach their 10-year anniversary. The good news is that many of the problems that lead small businesses to fail are preventable. One of the best ways to ensure that your business has the best chances of continued […]
Addressing the Top Challenges That Business Leaders Currently Face
Posted on May 11, 2021
Owning or running a business is unlike any other career path. Although it is often time-consuming and demanding, most business owners and executives find that the satisfaction they get from watching their business grow and succeed makes all the effort worthwhile. The obstacles that business owners face are constantly changing and a large percentage of businesses fail after the first few years. Consequently, business leaders must continually find creative ways to address these challenges head-on. Government Rules and Regulations As any business leader knows, red tape is an unavoidable part […]
Managing the Unique Challenges of the Rapidly-Changing Manufacturing Industry
Posted on May 4, 2021
When the average person thinks about the manufacturing industry, they might picture large corporations producing massive quantities of products. However, small and medium-sized businesses make up a substantial portion of the modern manufacturing industry. In fact, it is estimated that over 98 percent of manufacturing companies in the U.S. are small businesses, and more than 75 percent of these companies employ fewer than 20 workers. If you are a small business owner or business leader in the manufacturing sector, it is important to keep up with the rapidly changing landscape […]
Delegating Responsibilities is Key to Success for Small and Medium-Sized Businesses
Posted on April 27, 2021
As a business leader, it can often seem like your “to-do” list never ends. The moment you complete one task, three more responsibilities present themselves. Between dealing with staffing and management concerns, financial planning, customer service, and daily operations, you may often feel like you are drowning in a sea of responsibilities. The constant influx of responsibilities can make it difficult or nearly impossible to focus on ideas that can improve your business in the long term. This is why one of the most important things you can do to […]
Avoid These Common Business Planning Pitfalls
Posted on April 22, 2021
Failing to plan is planning to fail. We have all heard this adage, but it rings especially true for business owners. Starting a business or taking over an existing business is a thrilling move for a would-be entrepreneur. However, when eagerness leads to haste, it is surprisingly easy to make mistakes that have significant legal and financial implications. Proper business planning is key in setting your business up for continued success. For those who already own a business or who are in corporate leadership roles, it is also important to […]
Commercial Real Estate: Should I Buy or Lease?
Posted on April 20, 2021
One of the numerous concerns a new business owner must consider is where he or she will conduct business. For some, running a business out of their home is a feasible option. However, many business owners realize the limitations of this option. If you are a new business owner who is interested in operating out of a designated commercial space, the next question is whether you will rent a space or purchase a commercial property. There are advantages and disadvantages to both of these options. To decide which is best […]
The Importance of Tax Planning for Business Owners
Posted on April 13, 2021
Similar to last year, the individual tax filing deadline has been extended by the federal government. This year, the deadline was pushed back to May 17, 2021, which means that taxpayers have about four weeks to finish their tax returns and send them to the Internal Revenue Service. For an individual, putting off tax planning can lead to major stress and costly late fees. However, failing to prioritize tax planning is an even greater problem for business owners. If you own a business, the importance of proper tax planning cannot […]
How Outsourced General Counsel Can Protect Your Business from Legal Surprises
Posted on April 6, 2021
The advantages associated with business ownership are numerous. Owning a business allows you to design your company according to your own aspirations, be your own boss, and exercise your innovative prowess on a daily basis. However, business ownership also leaves a business owner vulnerable to legal pitfalls. As a business owner, it is crucial that you prepare for the legal concerns that are bound to arise. One of the best ways that you can protect yourself from adverse legal surprises and set your business up for continued success is to […]
Four Areas in Which a Manufacturing Lawyer Can Help Your Business
Posted on March 30, 2021
When you think about small to medium-sized businesses, what comes to mind? Do you picture “mom-and-pop” clothing shops or maybe trendy, locally-owned restaurants? Perhaps you envision something more “white-collar,” such as tax preparation companies or insurance agencies. All of these, of course, are great examples of small and mid-sized businesses, but there is another type of company that many people tend to overlook: those that comprise the manufacturing industry. Manufacturing businesses come in all shapes and sizes, and they are responsible for making many products and product components that we […]
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Please note: These blogs have been created over a period of time and laws and information can change. For the most current information on a topic you are interested in please seek proper legal counsel.
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