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a small business. ) when executing the operations of the business. Do You Need a Business Power of Attorney? Do you have one or more business partners, and do you trust them to look out for your business interests The experienced business and estate planning attorneys at Fiffik Law Group can help you review your business

Similarly, your business needs a clear origin story – a reason for being. Businesses, too, need to embrace change.  The business market is dynamic, and what worked yesterday might not work tomorrow. ever-changing business landscape. Stay tuned for more business insights from your friendly neighborhood attorney!

Obtaining financing is one of the biggest challenges facing business owners . A guaranty is personal a promise to pay a business debt. Must the lender sue the business before the guarantor? No. Personal guarantees are a critical aspect of most business loans, so entrepreneurs and business owners Minority owners have little control over how the business spends its money and whether it pays the business

As a business owner, signing contracts is a common practice in the course of doing business. for business contracts by naming their DBA or partnership as the contracting party.  If you are doing business, we highly recommend that you choose the right business structure, such as for business debts and obligations.   2.  even if you’re clearly signing on behalf of the business. 

You spent months building your business. You can’t do business without that.) in license suspension or revocation — your entire business operation. clarifying: most consumer protection statutes apply to transactions involving individual consumers, not business-to-business If you primarily serve other businesses, some of these laws may not apply in the same way.

Starting a business can be one of the most exhilarating and rewarding decisions of your life, but it Effective cash flow management is crucial to keeping your business afloat. Small Business Administration .  Women’s Business Centers has over 100 business centers across the US supporting female entrepreneurs. These are great ways to connect with more experienced business owners.

Most family-owned businesses lack a formal succession plan. What Are My Long-Term Goals for the Business?   What’s your “life’s work” after business?  Who might want to buy my business?   Communication is key in a family business environment.

There’s a trend happening with small businesses: more adult children returning to work in their parents Gusto, the payroll company, recently crunched the numbers and found that since 2018, the share of small businesses So, what does this trend mean for you, the small business owner? Because when your business is intertwined with your family, the stakes are even higher.   a plan that meets your works for your family and business.

 previously became effective on January 1, 2024 and its requirements covered over 32 million small businesses Pursuant to the CTA most small businesses must file information disclosing information and identities of owners of those small businesses with the Financial Crimes Enforcement Network (“ FinCEN ”).   Learn More: Are You One of the 32 Million Small Businesses Impacted by the 2024 Corporate Transparency Real Estate Investors and the Corporate Transparency Act   What does this mean for business owners?  

Are you thinking about selling your business in 2024? Every business owner will exit their business at some point.  Business owners often underappreciate the due diligence process in a business sale.  to evaluate the business.  The experienced business attorneys at Fiffik Law Group bring decades of business transaction experience

in an LLC, S-corporation, or partnership, you may owe federal and Pennsylvania state income taxes on business James is an active participant in the business. His K-1 shows $90,000 in ordinary income. business attorneys before you invest if: You are planning to invest money in a small business and want participation in the business, and the source of the income being offset. 2. What if the business reports a loss on my K-1?

What businesses are covered by the CTA reporting mandate? Which business owners are required to comply? Some small businesses lose track of their owners.  It’s a minefield of new problems for small businesses. Corporate Transparency Act impact your business.