In the ideal world, it would be great to seal every deal with a verbal agreement and handshake alone. Alas, we don’t live in an ideal world and to operate a business without written contracts or agreements can prove costly – if not altogether risky.
One of the common questions of many small business owners — especially those running a service-oriented business such as plumbing, cleaning, landscaping — is whether they need to be bonded. Is insurance enough? Why do they need to get bonded? I’ve invited Kevin Kaiser, a small business compliance expert at nationwide bonding agency SuretyBonds.com to shed light on what is a surety bond, and why your small business needs to be bonded.
One of the important questions when starting a business is finding the right legal structure for that business — and understanding the tax implications of that legal structure. Here is one question from one of our readers sent via our Consult Your Guides service: Q. I have three small business operating as corporations and my […]
In some instances, a business you want to start can only be achieved if you partner with someone else. It can be because you need more capital to augment your resources, or you need someone with capital while you provide the knowhow and skillset. Sometimes, the right partner can round up all the necessary elements […]