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The business formation process is undoubtedly exciting, but it can also involve making some important decisions, one of which involves choosing the right business entity. The one you decide on can have long-lasting legal, operational, and tax implications for the company as well as its owners. 

With that...

When setting up a limited liability company (LLC), one of the most important steps is to draft your operating agreement, a foundational document that dictates how decisions are made, how ownership is structured, and so much more. It is, essentially, a contract that binds the owners to a set of rules. 

If you’re ready to turn your craft or hobby into a business, you’re probably considering opening an Etsy shop. That’s a great idea. The e-commerce website generated $2.6 billion in 2022 alone. Independent sellers appreciate how easy the Etsy platform is to use. You can have your own store up...

Employee performance reviews are essential to improving productivity and morale in the workplace. Reviews should be conducted at a minimum of once per year, though today, more companies are finding it effective to provide reviews more frequently. 

Evaluations can focus on several different areas, but overall productivity, ability...

The best performance evaluation procedures embrace three crucial goals and three specific practices. Before diving in, we should address the proverbial elephant in the room. When someone seeks my professional guidance on implementing or modifying their employee evaluation procedures, the often felt but unspoken concern driving their circumspection is increasing the risk of...

Companies grow on the strength of their employees, but those who don’t receive effective feedback simply cannot be expected to do their best. Giving employee feedback isn’t easy — it may even be your least favorite part of being in management — since no one wants to be the “bad guy” or...

Once you have decided to open a business, one of the first things you will need to define is the kind of business you want to operate. There are a multitude of different shapes your business can take, but two of the most popular are corporations and limited liability corporations (LLCs).

Receiving an EEOC charge does not mean your company violated the law.

Your company may receive from the Equal Employment Opportunity Commission (“EEOC”) a notice of charge of discrimination. However, this does not mean that your company has violated the laws that EEOC enforces. 

If you follow any type of financial news, you have probably heard the term “holding company” before. It often comes up, especially when discussing taxes or the assets of millionaires. But what exactly is a holding company?

Basics of a Holding Company

Traditional companies produce...

The Equal Employment Opportunity Commission is charged with ensuring that employees don’t face workplace discrimination. When an employee believes their rights have been violated, they can file an EEOC complaint.

This is a serious matter that no company can afford to take lightly. If your company receives an EEOC...