How to Tame the Piles of Paperwork

One minute the office is tidy, organized, and everything has its place. The next, the paper starts piling up, folders are bursting with documents that you probably don’t even need, and the thought of sorting through it is a daunting nightmare.
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5 Startup Legal Shortcuts That Can Be Expensive

Although every startup is unique, there are certain common avoidable mistakes that can lead to legal complications that jeopardize the long-term success of the business. I’m not suggesting that every startup needs a lawyer, but you should definitely pay attention, and not be afraid to consult legal counsel if any of these raise qualms for you.
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After LLC Formation, What’s the Next Step?

After you form a limited liability company, the first thing you should do is draft an operating agreement. And if you’ve already formed a limited liability company or you’ve already formed any kind of entity, you want to draft the equivalent of an operating agreement, as an internal document among co-owners.
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Readers Ask: Overhead vs. Cash?

The bottom of your P&L shows profit—not cash. Remember that profits are not cash. Only the interest payment for loans is covered in overhead. There are also some non-cash expenses such as depreciation in overhead.
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What is a Franchise Agreement?

The franchise agreement is the written contract between the franchisor and franchisee. It is the fundamental legal document upon which the franchisor-franchisee relationship is based. The franchise agreement details the conditions that both the franchisee and franchisor must understand and accept.
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Don’t Lose Profits: Pay Close Attention to Your Financial Documents

No business is designed to take losses. You would be hard pressed to find a small business owner that is setting out to lose money, and to not end up a successful business. Paying attention to profits can go a long way in helping a business, even if a profit does not seem likely all the time. Below are a few points to keep in mind when managing financial documents.
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The Basics of Partnerships

Partnerships consist of an association of two or more persons who assume co-ownership of a business for profit. While partnerships are relatively easy to set-up, there are some basic tips that if followed can lead to a long-lasting and rewarding partnership.
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