Every year, small-business owners are swindled out of some $250 million, just by phony telemarketers of office supplies, according to the Senate Committee on Small Business. To protect yourself from these and other fraudsters, beware of a few common scams that target small businesses. Fake Charity Pitches Every time there’s a well-publicized emergency or disaster, scammers solicit [...]
When you establish a company by forming an LLC or another business structure, you are creating a legal entity. It can enter into contracts, purchase goods and services, take on debt, and file litigation against others. Legally, it has most of the same rights and powers that you have in your personal life. Because your [...]
Who knew that having a vindictive ex or rounding-off figures on a tax return could get you audited by the Internal Revenue Service? As you recover from tax time, be aware that there are some little — and not so little — details that could make the IRS decide to pay you a visit. Here are six “red [...]
Negotiation is at the heart of doing business, yet the business world is full of people who are pitifully bad negotiators. Fortunately, you don’t have to be one of them. Here are five tips for getting good results when you’re at the bargaining table. 1. Set your minimum before you begin. Negotiation entails a clash [...]
The first quarter of 2013 has come and gone. Before you blink and it’s the end of summer — or worse, year-end — take time to do a first-quarter checkup. Here’s are a few things you ought to think about while the year is young. Performance Goals You set goals on Jan. 1. Where did you [...]
Two college buddies in high-tech Seattle are striking it rich in the very low-tech industry of socks. Yes, socks. Jake Director and Riley Goodman (pictured) make crew socks with stripes that feature the skylines of U.S. cities. They run their company, Strideline, from their frat house at the University of Washington. With no prior experience, [...]
The days of selling items tax-free online appear to be coming to an end. The U.S. Senate has approved an amendment to the 2014 federal budget that would require online sellers who ship more than $1 million worth of merchandise each year to collect appropriate sales tax on internet purchases. The amendment passed with the [...]
In this struggling economic landscape, learn which industries are having the best luck attracting funders and where the seed money is coming from.