Operating agreements are documents that outline an agreement among managing members of a limited liability company regarding financial and managerial rights and duties. If you are a business owner of an LLC, you may need to develop operating agreements for your partners. To learn more about operating agreements and what you need to include while drafting one, keep reading below. ... Read More »
If you are an entrepreneur, you are probably contemplating which type of organizational business structure is right for your business idea. There are several options to choose from, LLCs, C Corps, S Corps and Sole Proprietorships. However, forming an S corporation, also called a Subchapter S Corporation, may be the best decision for your business in the long run. If ... Read More »
The choice to open a new small business can be daunting. New business owners should keep these small business statistics in mind when opening your own company. These 5 statistics will help you achieve long term success. Success Rate The most important thing to remember is that you are not destined to fail. 50% of small businesses will survive five ... Read More »
If you are about to open a small business with a partner, there are some special things to account for that single proprietors do not have to worry about. One of these things is the buyout agreement. Business partnerships can be tricky to navigate. Make sure you get things in writing by creating a buyout agreement. These documents are sort ... Read More »
Business trends are constantly evolving to suit the current culture and marketplace. Entrepreneurs must stay in touch with current top business trends in order to ensure successful business ventures. With so much information available, it can be difficult to know which trends to follow. We have compiled for you the top business trends for 2017. Social Media for Business Many ... Read More »
Even business owners feel a bit stick sometimes. Pursuing an MBA degree is a great way for business owners to overcome those feelings of stagnation while learning useful business strategies to grow your organization. It fact, this may even be more valuable than online coding classes. Online MBA programs, in particular, offer business owners a convenient way to improve themselves ... Read More »
Hydroponics started off as an experiment with water culture. Today, it is promising to be one of the most innovative, profit centers in the future. It could create new jobs, support services like a pest control company and capacity to feed the world. Although the industry has its fair share of naysayers, the hydroponics farm costs, margins and profits may ... Read More »
Having a profitable, well-respected, and competitive company are good goals to strive for but it’s also important to have a broader mindset that goes beyond your establishment’s walls. More specifically, you need to strongly consider giving resources to charitable causes. There are several things that occur when you make the smart decision to go ahead with that option. Your Visibility ... Read More »
When you start a small business, your ultimate goal is to profit and grow. Small business owners constantly make decisions based on the need to expand their business. However, it can be hard to know which of your actions are working in practice. We’ve compiled some of the best low cost ways on how to expand business operations. Build Your ... Read More »
2017’s New York, Milan and London fashion weeks spotlight was defiantly on the men’s fashion, particularly, businessmen. It was bold, handsome and working well on the famous catwalks. Top of the trend list this year is men’s jewellery and it’s not just traditional corporate watches and cufflinks, this year has brought in men’s bracelets and earrings to the board room. ... Read More »
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