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Most Recent Questions

Question added to topic Human ResourcesOctober 7, 2010

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)
Question added to topic FranchisesOctober 4, 2010

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)
Question added to topic MoneyOctober 3, 2010

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)
Question added to topic Legal Basics For StartupsOctober 1, 2010

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)
Question added to topic Human ResourcesSeptember 29, 2010

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)
Question added to topic FranchisesSeptember 24, 2010

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)
Question added to topic Human ResourcesSeptember 23, 2010

How do I attract top performers to my company?

I do entire seminars on how to effectively recruit and build a great team. It is not a one-sentence or one-paragraph subject. But here are the basic steps involved: Step 1: Start by really... (more)
Question added to topic MoneySeptember 22, 2010

How can I learn the basics of financial management?

It's great to hear about your entrepreneurial spirit in starting a construction company. I would just caution you to really make sure that you have the work experience and the team in place to... (more)
Question added to topic Human ResourcesSeptember 20, 2010

Is it legal to fill a newly created position without posting it publicly?

There are only three scenarios that would require you to post or publicly advertise a job opening: 1. If you are a governmental agency required to publicly advertise job openings. 2. If you... (more)
Question added to topic MoneySeptember 16, 2010

How can I transfer assets from one of my corporations to another?

This is a tough question to answer without having much context. Additional information that I would still need to know is: 1. The purpose of the transfer 2. The specific type of entities... (more)
Question added to topic FranchisesSeptember 15, 2010

How can I determine if owning a franchise will fit my business goals?

You've asked two great questions. The key to the first question is that you've actually taken the time to set goals that you want your business to accomplish. This is fantastic because it is going... (more)
Question added to topic MoneySeptember 14, 2010

For bookkeeping, are discounts considered income or expenses?

Firstly, nice job on offering discount incentives to encourage more customers to use your service. Often times, companies lose sight of the long-term benefits of offering discounted goods or... (more)
Question added to topic FranchisesSeptember 13, 2010

What's the best way to set up a franchise agreement for my business?

Sorry to say but you're definitely going to need a lawyer for this one--in fact, an experienced franchise attorney. There are two reasons for this. The first is that a franchise contract is one... (more)
Question added to topic Human ResourcesSeptember 10, 2010

How should I tell a qualified applicant that we can't hire him after a background check?

If the person was convicted of a sex offense, you can tell him the truth. After all, he knows that he was convicted and is a registered sex offender. You have a right to let them know that for... (more)
Question added to topic Grow Your BusinessSeptember 5, 2010

Am I required to withhold taxes from my three employees?

Withholding taxes may seem like a nuisance but if you have "employees" then you are responsible by law to withhold several federal, state, social security, medicare and possibly local... (more)
Question added to topic Legal Basics For StartupsSeptember 3, 2010

What can I do if my former employer is claiming I was fired and is now withholding my final paycheck?

Did you quit or were you fired? Your query mentions both, and it affects your ability to collect unemployment insurance. Also, your rights can be affected by whether the company followed the proper... (more)
Question added to topic MoneySeptember 1, 2010

What are some creative ways to gain financing for my business?

Having a strong business plan is important but it is only one step in the process of starting a business. I'm sure the lenders that you have reached out to have shown interest because there is a... (more)
Question added to topic MarketingSeptember 1, 2010

What's the best way to get my products into stores?

One of the best ways is to simply offer samples of your products to targeted retailers in your area, as they will typically give you shelf space based on some kind of consignment arrangement.... (more)
Question added to topic Human ResourcesSeptember 1, 2010

What are my obligations to an employee who I'm converting from full-time to part-time?

The best way to do this is to simply be prepared for the meeting and then to be straightforward but in a kindly fashion. Being prepared means having the reason for the cutback clearly defined... (more)
Question added to topic FranchisesAugust 28, 2010

What's the best way to finance a franchise through investors?

The best way is to solicit potential investors who already know you and have reason to be confident in your abilities. The financing market is very difficult and has been for the past couple of... (more)
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