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Ask Entrepreneur - Legal Basics For Startups

Legal Basics For Startups

If my name isn't on the filing, can I get screwed?

I'm starting a business with a web programmer and I have 51 percent of the shares. I'm just a signee of the partnership agreement, my name isn't being filed under the business. The company will never...
Money

Can this out-of-inventory order be called a business expense?

Usually we buy plenty of doors at the beginning of the year and then charge the customer for parts and labor a the time the sale is made. We recently had a customer that didn't want a door from our i...
Money

Should I lease a car through my business to offset my yearly business income?

I am a private practice psychologist and I travel about 25 percent of the time for business (to and from office/clients). The remainder is personal use. I have also thought of adding a car magnet to a...
Marketing

How effective of a marketing strategy is it to recruit guinea pig companies to try out my service?

I have a solid idea for a company that is in its very beginning stages. However, the startup cost is very expensive and to avoid unwanted debt, I will need to recruit a few guinea pig companies to ho...
Human Resources

Should I give days off in exchange for weekend business travel?

My employees are salaried and some business trips require travel or actual business on the weekend. Should I show appreciation for this by offering some week days off? If so, should I do it a day fo...
Marketing

How do you court celebrities with your product?

Everyone knows that getting a celebrity to wear your clothing line will send sales through the roof. What are some proven methods of securing their time to make a presentation? If there are no prove...
Grow Your Business

What's the best way to partner up with my spouse?

I'm starting a real estate company and I want my husband, who will soon get his real estate license, to be part of it. Would it be best financially to have him do sales and I do listings as a husband...
Legal Basics For Startups

What permits or licenses do I need to open a branch in another state?

We are licensed mortgage brokers in Hawaii and we would like to open a branch in California. Aside from the finance lenders license we need to obtain, what other permits are needed?
Marketing

How can I use social networking sites to boost my sales?

I've recently started a t-shirt company and I'm looking for ways to boost sales and to get more exposure online and offline on a limited budget. I currently have a few social networking profiles and a...
Human Resources

Do I still have to pay an employee through their 2 weeks notice?

If an employee gives a 2 week notice to leave the company, is it required to pay him the 2 weeks if it's decided to end his employment at the time of notice?<br /> <br /> I have had employees give n...
Marketing

How do I develop contacts with national media outlets?

I have been a PR coordinator focusing on local media outreach for about a year now. I was recently promoted to PR director and re-located to Los Angeles for the national division of our company. Thoug...
Marketing

What would it take to start a modest vertical ad network?

I am a software engineer who works for an internet software company. With an entrepreneurial spirit, I am looking to start a small business in the vertical ad network game. In my years of developing...
Marketing

Is there a database of firms who have experience selling online media?

I am specifically interested in firms that have experience selling online multi-cultural advertising. We have the product offering; we are looking for rep firms that can sell the products.
Starting a Business

How can I use my business experience in another venture?

I had a mortgage company for 10 years and lost it overnight. I really enjoy both the financial and real estate part of it. I've worked with builders, developers and customers and would like to know if...
Grow Your Business

How do we restructure ourselves after a partnership?

My husband and I own an LLC (an interactive shop) that we were just starting to get off the ground. Then an established, yet small (6 employees) advertising firm offered to give us health insurance, h...

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