FAQ

How to get started in your own business?

Thursday, 17 March 2016 Andy Anderson

Ready to get going with your own business but aren't sure where to begin? You have a few options if you want to work for yourself and manage your own business. You could be pursuing your own start up, however, there are a lot of drawbacks of starting your own business. Including such obvious issues as having the right financial backing, but also there is no guarantee that your business will succeed. If you aren't sure you're ready to start your own business then perhaps you should opt to purchase an existing business. There are many advantages but the most prominent one is that an established business has numbers behind it that demonstrate whether or not the business is likely to succeed. 

Leasing Checklist

Tuesday, 13 April 2010 Andy Anderson

In many states, commercial leases are not covered under consumer protection laws that normally safeguard tenant rights. It is assumed that commercial leases are contracts between knowledgeable business people, and therefore less government regulation is needed than in residential leases. Thus it is essential to scrutinize every aspect of the lease and renegotiate unfavorable terms before signing.

Sole Proprietorship

Friday, 05 March 2010 Andy Anderson

A majority of the small businesses in the United States are operated as sole proprietorships. This type of business organization is the simplest and is the form usually chosen by the one-person business, in which the owner and worker are the same person (although sole proprietorships can have employees). Its primary advantage is its ease of formation; its most important disadvantages are (1) it can have only one owner and (2) the owner is individually responsible for all losses of the
business.

Sales Agreement

Friday, 05 March 2010 Andy Anderson

The sales agreement is the key document in buying the business assets or stock of a corporation. It is important to make sure the agreement is accurate and contains all the terms of the purchase. It would be a good idea to have an attorney review this document. It is in this agreement that you should define everything that you intent to purchase of the business, assets, customer lists, intellectual property, and goodwill.

Purchase Research

Friday, 05 March 2010 Andy Anderson

Once you've found a business that you would like to buy, it's important to conduct a hard, objective investigation. Look into every aspect of the business, verifying whether the owner's stated reasons for selling are legitimate; double check every detail for accuracy.

Page 1 of 2

Blog Topics