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

Can You Replace Lawyers With Software?

The Startup Magazine

A business runs on diligence, passion, and creativity — but it also needs a whole lot of legal help. Thus, as with many other expensive aspects of starting a business, many entrepreneurs like you are turning to software. Thus, it seems that software doesn’t pose much of a threat to the law industry.

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 to Avoid Common Payroll Mistakes in Your Small Business

Up and Running

Dissatisfied employees won’t work hard to impress you, leave your start-up in droves and write bad reviews for your company. 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. Penalties and jail time.

article thumbnail

Get Investors Onboard With Your Startup

YoungUpstarts

Roughly 27 percent of startups can’t get the funding they need to take their business to the next level, according to the National Association of Small Businesses. Startups don’t demonstrate due diligence. These software programs are more efficient for managing a company’s finances.

article thumbnail

How Smart Assistants Went From Pocket Devices To Managing Offices

YoungUpstarts

In addition, not everyone has the privilege of having a real personal assistant due to high costs. 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. What is the Role of Technology?

article thumbnail

5 Startup Cost Realities Most Founders Underestimate

Startup Professionals Musings

For example, I come from a software background, and back in the early PC days, it could easily cost half a million dollars for a team of professionals to produce a commercial product. Now, with powerful high-level tools and open source software, winning smartphone apps can be built by a good hacker for a few thousand dollars.

Cost 264
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?