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

7 Reasons A Small Business Should Hire Advisors 

YoungUpstarts

The right advisor can have a greater impact on the success of your small business than any other hire you ever make. Here are seven ways that advisors can immediately help your small business achieve the next level of success: Assist With Strategies & Connections to Have Record Revenue & Profit in 2016.

CTO Hire 100
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.

article thumbnail

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?

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. Brush Up on Credit and Consult Advisors. The problem?

article thumbnail

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.