An optional yet important step for maintaining your LLC legal status--and the risk reduction it provides--is to hold an annual meeting with members/shareholders and the Board of Directors discuss the major components of the company. If you choose to take this step, recording meeting minutes can give you additional support if your LLC status [...]
If you’re growing your small business, you might find yourself in a position to hire employees and/or independent contractors to take over some of the responsibilities associated with carrying out certain duties. (We cover the differences between employees and contractors HERE.) This can be concerning if your business has intellectual property and processes that [...]
In both dating and business, the early stages are filled with excitement, optimism and infatuation. Partners convince themselves that nothing can go wrong, but if it does, they will weather it together and work it out. However, ideas change and things can get messy if life throws a curve ball—which almost always happens. A [...]
Pop quiz! What do the names Paramount, Fox, MGM and Pixar have in common? If you immediately thought of Hollywood movie studios, you’d be correct. An energy company in Canada has also branded their different lines of business with these famous monikers, using Paramount Resources as their parent company, which has significant investments in [...]
Keeping your personal life separated from your business is an important step to ensuring long-term success. LexLaunch.Com’s Tim Denker explains these steps to small business owner Kevin Oldham in Part 4 of our vlog series. Ready to create your own LLC, at a reduced rate from typical attorney’s hourly fees? Click HERE to learn [...]
Setting up your business as an LLC is a great step in reducing risk for your company. However, it has its limitations. LexLaunch.Com's Tim Denker explains these limits to small business owner Kevin Oldham in Part 3 of our vlog series. Ready to create your own LLC, at a reduced rate from typical attorney's hourly [...]
At the start of a new business, it can feel like a race against the clock just to keep up with daily tasks: making calls, ordering supplies, fulfilling orders, attending events. When every day has its own set of obstacles to overcome, it can seem futile to think about setting yearly, quarterly, or even [...]
Every business should consider consulting with at least two types of professionals in the early stages: accountants and lawyers. Most small business owners visit an accountant to set up the financial foundation of their new venture, but some struggle with the need to visit an attorney for business setup structure and solid risk reduction [...]
If your business is set up as an LLC, there are certain steps you must take each year to ensure that your business is protected from risk. LexLaunch.Com's Tim Denker explains these steps to small business owner Kevin Oldham in Part 2 of our vlog series. Ready to create your own LLC, at a [...]
Launching your own business can be tough. When you’re the person responsible for every detail, working all hours of the day and night, it’s easy to feel isolated. However, building a strong support network is an important step in getting your new business off the ground and securing a firm foundation for the future. [...]
