Small business is what drives our economy; two-thirds of new jobs are created by small businesses, and almost 50% of the US gross domestic product comes from family-owned businesses. Small business is so important that President Obama recently proclaimed this week...
Most family business owners believe their business will survive and support the family for generations to come. However, without very careful planning and forethought, that just isn’t probable. According to the Family Business Institute, only 30% of family...
Smart business owners have their companies organized as a corporation or a limited liability company to protect their personal assets from business liabilities, since these business structures provide what is known as a “liability shield”. However, this liability...
Business owners are often flying blind when it comes to the legal aspects of their businesses, or even worse, erroneously thinking they know how to protect themselves based on common legal myths. These myths could all get you into trouble, if you didn’t...
New Years is a great time for business owners to evaluate where they’ve been and look forward to where they are going. It’s also a good time to implement systems and strategies to get you where you want to be in the future. Here are Kimberly’s top...
