Legal advice for small businesses is essential to avoid costly mistakes. Expertise from private attorneys can help address complex legal matters efficiently.
Small business owners often have questions about contracts, employment laws, and intellectual property rights that require professional assistance. A basic knowledge of the law can empower entrepreneurs to make informed decisions and protect their businesses from potential risks.
A business purchase Letter of Intent (LOI) outlines the preliminary agreement between the buyer and seller when purchasing a business. It signifies the buyer’s genuine interest in acquiring the business.
An LOI serves as a roadmap for the transaction process, setting out the basic terms and conditions agreed upon by both parties. It acts as a formal declaration of the buyer’s
Shop Pay is an accelerated checkout option offered by Shopify for online shoppers. It allows customers to securely save their shipping and payment information, making the checkout process faster and more convenient.
With Shop Pay, customers can complete their purchases with just a click, eliminating the need to re-enter their payment card details for every transaction. This streamlined checkout experience
The top line on an income statement refers to gross revenue, representing the total amount of money generated from sales and services. On the other hand, the bottom line signifies net profit or income after all expenses have been deducted.
Fundability refers to the likelihood of a small business securing financing from lenders or investors. It encompasses various factors, such as the business’s credit history, revenue, profitability, industry trends, market potential, and the owner’s personal credit score.
Lenders view a highly fundable business as a low-risk investment. As such, it is more likely to receive favorable loan terms and interest
EMV compliance in credit card processing is an industry standard that aims to protect cardholders from credit card fraud. This standard involves the adoption of EMV chip cards over magnetic stripe cards. The history of EMV dates back to the collaboration between Europay, Mastercard, and Visa (EMV) to enhance payment security.
Business attorneys specializing in LLC law can provide essential legal advice and guidance. They can help business owners understand their obligations, navigate the legal requirements, ensure that all necessary documents are properly filed, and navigate the legal process
Gmail for Business, or Google business email, is a professional email service tailored to meet the needs of small and medium-sized businesses. It provides real-time access to emails, calendars, and documents across any device, ensuring seamless communication and collaboration.
Understanding the current assets formula is crucial for evaluating a business’s liquidity. The formula allows you to assess your current assets, which can then be used to calculate your ability to meet short-term liabilities.
Form 1120-S is a crucial tax form that S corporations use to report income to the IRS. They must accurately complete and file Form 1120-S each year to report their income, deductions, and credits.