The Secret to Growing Strong, Successful Teams

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“The strength of the team is each individual member. The strength of each member is the team.” –Phil Jackson Just like players are critical in the game of basketball, employees are also the key to your business growth. Without solid talent, collaboration and teamwork, you won’t achieve success. To help cultivate talent and build strong … Continue reading →

F.A.Q: Why are LLCs popular?

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LLCs are popular because they provide several valuable advantages: — LLCs can be governed informally. While corporation laws require management formalities (such as a BOD, meetings and quorums), LLCs are a lot more informal. — LLCs have greater flexibility in deciding how to split their financial interests. An LLC can distribute its income to each member … Continue reading →

F.A.Q: How do I form an LLC?

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It is easy and inexpensive to form an LLC, but the specific steps of how to do so tend to vary from state to state. As a result, check with your specific state. Typically, the steps include the following: — Choose a business name that is different from existing LLCs in your state — File paperwork (Articles of Organization)  — Pay a filing fee (anywhere from $100 … Continue reading →

The Ins and Outs of Forming a Partnership

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Are you considering forming a business partnership? If so, choosing a partner can be quite beneficial for your company—if you find the right partner. Below are several tips to keep in mind when considering a partnership. Ensure Balance The best partner balances out your strengths and weaknesses. For example, if you like to think about … Continue reading →

F.A.Q: What is an LLC?

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A limited liability company (LLC) is a fairly simple business structure. The main reason to form an LLC is to limit personal liability because LLCs have their own existence. The LLC owns the business—not the people forming it. LLCs enter into their own contracts and deals, can sue and be sued, and are liable for their own debts and obligations.