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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.

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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.

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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.

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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. A business credit score can greatly affect one’s chances of securing credit. Brush Up on Credit and Consult Advisors.

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How To Determine The Value Of A Small Business 

YoungUpstarts

Things get more complicated when it comes to dividing the joint business since calculating the worth of business includes not only tangible property but also the partners’ liabilities, each spouse’s interest which has its value as well. Figuring the Value of a Jointly-Held Business in a Divorce. Well, let’s go.

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How Does Payroll Work? This Is What You Need To Know.

YoungUpstarts

Did you recently put up a small business? Since you are a new business, you need to secure an employer’s EIN number. Also, you need to secure the tax and financial information of your employees. But these depend if your employees are contractors or salaried, among others. You can get this from the IRS.

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5 Things Every Small Business Should Know About Payroll

YoungUpstarts

All of this work is encouraging some small business owners to outsource managing payroll. Not counting the salary and any other amounts you pay an employee, these are the different outgoings to factor in when you start hiring: Federal taxes (withholding tax: pay-as-you-go, paid directly to the IRS). Employer or Contractor?