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If you're looking to turn your side hustle into your full-time career, you might be wondering if you can use your current employer's group legal insurance for your startup's legal needs. It's common to opt for group legal insurance offered through your workplace benefits. These group insurance plans provide free...

Many entrepreneurs take pride in their resilience and drive, often working tirelessly to build their businesses from the ground up. However, this relentless pace can lead to burnout, a state of emotional, physical, and mental exhaustion that can jeopardize both your health and your business. Business owner burnout is a...

As the economic stress of the COVID-19 pandemic continues to increase daily, lawmakers around the country are coming under increased pressure to shift economic losses onto the insurance industry, much as was done after the September 11th attacks. Many businesses carry Business Interruption (“BI”) insurance, either as part of their...

Business Basics Series: The Importance of Succession Planning and Valuation Prior to Sale What is succession planning and why is it so important? Succession Planning is a process designed to help you prepare for a possible change in leadership or ownership, such as a key employee leaving your business, an...

Business Basics Series: Hiring Employees What do I need to know and do before hiring employees? So you have formed your business entity and found some funding. Now, you're ready to hire your first employee. Before you leap into becoming an employer, however, there are certain requirements you should be...

What are the different types of funding available? When starting your business, you'll want to ensure you have adequate funding to help pay for any expenditures. By understanding what type of funding is available to you and the potential advantages, you will be able to make the best choice for...

What are the entity types and how do I select one? Before you register your business, it's important to consider the best entity type to register. Choosing the appropriate business entity type is important because it can impact how your business is run. You need to consider the purpose of...

Selecting the individual to lead your business after you step down is a huge decision. It's not merely about finding someone who mirrors your personality or whom you favor personally. Rather, the crux lies in identifying a successor who possesses the right qualifications plus the vision and capabilities to steer...

UPDATE: On March 2, 2025, the U.S. Department of the Treasury announced that it will not enforce any penalties or fines associated with the Corporate Transparency Act (“CTA”) reporting requirements against U.S. citizens or domestic companies. Rather, it plans to propose rules that narrow the scope of the CTA to foreign...

Imagine this: You've spent decades carefully saving money, building a comfortable nest egg representing years of hard work and discipline. One morning, you're sipping coffee and browsing the news when headlines about a bank failure catch your eye. Your stomach drops as you realize a significant portion of your savings...