Many entrepreneurs dream of running a family business. They imagine working with people they know and trust, then handing the company down to their children when they retire. It’s an attractive goal, and while keeping it in the family is certainly possible, nepotism...
Determining how to pay workers is a complicated issue for employers. Most want to offer competitive wages without overextending themselves, but wage-related decisions can be far more complex than calculating a salary or hourly rate. Mistakes and oversights often...
Dividing assets in a divorce is a complex process, even when it comes to lower-value property. In fact, managing the division of items like household contents can be overwhelming because there may simply be a lot of it. Knowing what the property-division process looks...
There are some activities we engage in outside of work strictly for personal reasons, with no thought of ever profiting from them. You might, for example, enjoy photography, hiking on the weekends, or collecting classic records. There is no monetary gain—and no...
One significant advantage to organizing your business as a limited liability company (LLC) is the flexibility it provides. For example, the Internal Revenue Service (IRS) allows LLC owners to choose whether their business will be taxed as a sole proprietorship (if you...
