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Is there a tax advantage to forming an S-corp?

I like that you're thinking outside the box when it comes to how your income is taxed. This is an incredibly convoluted topic, and the potential benefits of forming an S corporation in this manner... (more)

When's the best time to seek additional financing for my startup?

Congratulations on achieving two key business milestones: developing a patented product and generating revenue. Many startups never even make it that far. The timing of when a startup should... (more)

How do I determine appropriate deadlines for my employees?

Do you remember Detective Columbo? He would scratch his head and say "I am confused, can you explain this to me?" Well, it seems to me that you need to use the Columbo technique.... (more)

How can I turn my business into a franchise?

My first suggestion is that you need to walk before you can run. This sounds like a great idea in theory but you need to put the theory to test to make sure it works in the real world. It... (more)

Do I need an attorney to purchase a franchise?

There is no hard and fast rule about needing an attorney in order to buy a franchise. There are three common sense questions you need to answer in order to determine if you need an attorney: 1.... (more)

How do I hire a seasonal employee now for a job that doesn't start for two months?

You can certainly ask for them to sign an agreement to be available and dedicated to working exclusively for you for tax season, but whether they will abide by the agreement or not is another... (more)

Can my HR manager discuss my medical condition with other staff?

It's illegal. The only exception to this would be if your HR manager discusses a medical situation that will affect your ability to do your job and the HR manager is explaining to your manager only... (more)

How can I find someone to help build my website?

Congrats on recognizing that you don't have the expertise to do what you'd like to do. So many people figure that out after it's too late. The best thing to do is to make a complete... (more)

What's the best way to recognize a good business opportunity?

Where is the market research that says you really need a restaurant in that area? Where will you get the financing to do the repairs? How much time will the landlord give you to get the repairs... (more)

How do I ensure payment on a job that's already completed?

Excuses, excuses. Your client is exhibiting all the classic signs of being a deadbeat: having no complaints about the job, but using all possible stalling tactics. Unfortunately, it seems... (more)

What should be included in a presentation to the board of directors?

When looking at a board presentation you should consider a couple of things before even starting your outline. You can find a whole bunch of sample scenarios online of outlines for meetings and can... (more)

How can I tactfully tell my 80-year-old boss that it might be time for him to retire?

Based on the situation you are describing I'm assuming that your boss owns the company and that this is a privately held company with only a minimal number of employees. If I am correct, you are... (more)

Can I put flyers on vehicles in a public parking lot?

As to advertising by putting flyers on people's vehicles, you'll need the landlord's permission for that if the parking lot is considered private property. Also, getting involved in any... (more)

How can I source financing companies for my customers?

There is no question that it's a great idea to work in partnership with certain financing companies to provide your customers with more payment options. However, you want to be very selective in... (more)

What are the best tools to help make the hiring process more efficient?

Congrats on getting to the point in your business where you'd like to hire someone--and a double congrats for trying to make the process expedient yet thorough. I did some digging and spoke... (more)

Which business entity is best if I'm starting a business that could potentially become a franchise?

Either one should be fine. The choice between these two types of entities is really more about taxes than about any other factor. An LLC is taxed like an S corporation in that any taxable... (more)

How can I secure financing to purchase a business?

Congratulations on taking a chance with trying to purchase a business. The best opportunities to do this often occur during a recessionary period when many companies are sold at deep discounted... (more)

Can I collect unemployment from my former employer if I now own my own business?

Generally, the act of becoming self-employed precludes you from obtaining unemployment benefits. This begins from the date you formed your company precisely because you are now employed--even if... (more)

When terminating an employee, can I tell them the company will not fight unemployment filing?

Yes. In fact, I often recommend this course of action to my clients when they are firing someone for poor performance or for some other reason such as not being quite as capable in the role as... (more)

How can I find an experienced franchise attorney in my area?

It's great that you understand enough to know you need an experienced attorney that specializes in franchising. This will save you time, money and grief because like so many other areas of the law,... (more)
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