article thumbnail

13 Critical Small Business Legal Requirements to Start a Business

Up and Running

Not only do these requirements ensure that businesses operate within the law but it also protects small business owners and their consumers. . Let’s take that innovative new business idea and walk through all the requirements you need to consider to successfully start a business that’s legally recognized.

article thumbnail

Why Small Businesses Should Get Business Insurance

YoungUpstarts

An employee could get hurt while on the job, a client file a lawsuit, or a natural disaster could destroy your business premises and equipment. For these and many other reasons, it’s fundamental to protect your business. Small business insurance is a remarkable way to protect your business. It is Required by Law.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Smart Assistants Went From Pocket Devices To Managing Offices

YoungUpstarts

Personal assistants are often hired to prepare decisions and information for managers and take care of miscellaneous tasks for busy executives and CEOs — who all earn higher incomes. Due to advancements in technology, assistants are now becoming a common good — even for businesses — and are no longer limited to the high-earners.

article thumbnail

Common Employee Performance Management Challenges and How to Fix Them

Up and Running

For many startups and small businesses, talent management can sometimes be deprioritized from the everyday chaos and operations. If your company is evolving, your performance management strategy should be evolving alongside it. Managers should also over-communicate, particularly with new hires.

Employee 139
article thumbnail

A Guide To Outsourcing Services For Startups

YoungUpstarts

The good news is that there are firms that offer quality financial services, including small business tax preparation. Small businesses can hire such firms and get quality services on a pay as you go basis. This means that companies do not have to keep an expensive in-house team idle and still pay them big salaries.

Startup 238
article thumbnail

Taking Care Of Business: Advice For Small Business Owners During Slower Months

YoungUpstarts

by Jay DesMarteau, head of small business and government banking distribution for TD Bank. This can be stressful for small business owners, who already have a lot on their minds. Better Manage Cash Flow. Brush Up on Credit and Consult Advisors. The problem?

article thumbnail

How to Avoid Common Payroll Mistakes in Your Small Business

Up and Running

For these two reasons, it’s necessary for all small businesses to adhere to Federal payroll laws as well as State-Specific Tax Laws, or you could face severe consequences. These workers are exempt if they perform specific (relatively high-level) job duties, are paid on a salary basis, and earn at least $23,660 per year.