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Monthly Archives: March 2019

5 Key Benefits of a Well-Written Job Description

By |2019-03-19T10:22:59-07:00March 21st, 2019|Business Planning|

Although the main purpose of a job description is to, well, describe a job – it actually serves a bigger role.  A job description can improve a company’s ability to manage employees. A well-written job description will: Clarify expectations. Employers need to spell out their expectations of what an employee should be doing day-to-day.  [...]

The Employee Handbook: The Holy Grail of Your Business

By |2019-03-05T19:29:27-08:00March 16th, 2019|Business Planning, Financial, Taxes|

Employee handbooks address the who, what, where, why, and how of your business operations.  Your employee handbook will protect you and your business by setting expectations and providing consistency for your employees when situations arise. What Information Should an EmployeeHandbook Include? Ideally, employee handbooks address anything significant related to your company, employees, operating policies, [...]

LLC Members: What You Need to Know about Your Fiduciary Duties

By |2019-03-05T18:52:48-08:00March 14th, 2019|Business Planning, Limited Liability Company (LLC)|

As a member of an LLC, you may owe a fiduciary duty to the company. The two key fiduciary duties are the duty of loyalty and the duty of care. Whether you have a fiduciary duty will depend on the LLC’s management structure and whether you have management responsibilities. Understanding your duties is essential [...]

Making an S Corporation Election as a Married Business Owner

By |2019-03-05T12:42:59-08:00March 12th, 2019|Business Planning, Financial, Taxes|

If you’re a married business owner and you want your business to be taxed as an S corporation, there are several things you need to know. The difference between community property and co-ownership of an asset Let’s take the example of owning a car. If you and your spouse are both on the title [...]

LLC Operating Agreement: Is a Non-Compete Clause Necessary?

By |2019-03-04T14:56:22-08:00March 9th, 2019|Business Planning, Limited Liability Company (LLC)|

You and several friends start a new business and operate it as a limited liability company (LLC). Now that you’ve completed the first step—choosing a business entity—it is now important to prepare an operating agreement. The operating agreement is a contract which governs the operations of the LLC and sets forth the arrangements made [...]

Managing the Money Aspect of Your New Business: It’s Easier Than You Think

By |2019-03-04T14:13:33-08:00March 7th, 2019|Business Formation, Business Planning, Financial|

Coming up with a great idea that can be turned into a prosperous business venture takes a certain talent.  Knowing how to get your great idea financed and properly managed, takes another. However, it may be easier than you think.  What You Need, What You’ve Got, and Where to Get the Rest If you think [...]

LLC Management: Who Should Run the Shop?

By |2019-03-04T13:27:27-08:00March 5th, 2019|Limited Liability Company (LLC)|

Determining who will manage the day-to-day affairs of your business is an important decision. You need to know, at the outset, who will manage operations, both for the success of your business and because the Limited Liability Company (LLC) operating agreement demands it. Luckily, LLC operating agreements are very flexible, and the management structure [...]

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