Business

Legal Guides

• Business Finance – The 5 Cs of Credit

  Written by attorney Laurel Edgeworth.

  

  Business owners, experts at managing their own business, are often at a loss when it comes to understanding how potential lenders make decisions about whether or not to extend credit to a business.... more

• Keeping Records for the IRS: Individuals and Small Businesses

  Written by attorney Christopher Minelli. STAFF PICK

  

  What Specifically does the Internal Revenue Service Require?. Generally, the IRS does not require any records to be kept, provided the taxpayer can truthfully certify on their income tax returns... more

• Three Steps to Help Your Business Improve on its Collections

  Written by attorney Christopher Thayer.

  

  Use a detailed and comprehensive credit application for all customers.. If your business is extending credit to the customer (including providing products or services without receiving payment in... more

• Protecting Yourself During a Recession - Ten Tips for the Small Business

  Written by attorney Michael Shavel.

  

  Streamline immediately. Cut unnecessary expenses. Examine all aspects of the business. Review historical records to ascertain thoses expenses that have and have not proven to be of value to the... more

• How to find alternative financing (when the banks just won't help your business?!)

  Written by attorney Mark Pillsbury.

  

  Give up on traditional funding sources, for now !?. The present credit crisis has crippled our banking system: many say the major banks are insolvent. The loan process is much more strict and... more

• Corporate Formalities: Protect the Tax and Limited Liability Benefits of Your Incorporated Business

  Written by attorney Robert Olson. STAFF PICK

  

  Consequences to Not Observing Corporate Formalities - Loss of Tax Deductions and Limited Liability. Businesses incorporate for two main reasons: tax benefits and limited liability. However, in... more