Reputation matters. In today’s digital age, you want to put the best version of yourself out there, and you have a lot of control over your public image. You put in the effort of perfectly curating your social profiles to show the world how you want to be seen.   The same goes for your business.…

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Starting a business for the first time is not for the faint of heart, even in a stable economy. You face uncertainty at every step of the process—one hurdle after the next, until you eventually you reach a point of exhaustion. So why go on? What drives entrepreneurs to pursue business ownership, despite the hardships?…

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Q: Can I hire my children to work for my corporation? Corporations (C and S types) can generally hire the children and other family members of the corporation’s shareholders to work in the business provided that they comply with applicable state and federal employment/labor law. For example, child labor laws generally apply to business owners’…

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Is your small business one of the millions still looking for workers? According to a recent survey by the National Federation of Independent Businesses, “more than half of US small-business owners said they had open positions they could not fill in May.” A tight labor market is a tricky spot for a small business, as…

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Do you appreciate it when someone disagrees with you? It might be uncomfortable, but as Fran Tarkenton shares in this video, a constant stream of conversation reassures team members that their leaders are accessible and that their ideas matter. So keep your mind open to disagreement, and be willing to talk it out. You might…

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One of the lasting impacts of the Covid-19 pandemic has been the way it changed consumers’ habits. Almost overnight, everyone stopped buying all kinds of things they had previously spent significant amounts of money on. Restaurants. Concerts. Spas. Movies. Hotels. Travel. Sporting events. It was an incredibly dramatic shift, at an unprecedented speed. In-person services…

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Q. Is an LP the same as an LLP? If not, what are the advantages and disadvantages of each entity? LP stands for Limited Partnership, while LLP stands for Limited Liability Partnership. The two structures are very different from purpose, governance, and legal liability perspectives: Limited Partnership (LP) LPs are commonly used for long-term real…

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We all make countless decisions every day, both large and small. Sometimes we make these decisions in a split second, and sometimes we agonize over them for days, weeks, and even months. But how are we actually making those decisions? How much control do you believe you have over the choices you make? We like…

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Last weekend was the 148th annual Kentucky Derby, always one of the most thrilling sporting events of the year. They don’t call it “The Most Exciting Two Minutes in Sports” for nothing! And this year’s edition exceeded even those expectations. Rich Strike was the winner of the race, the biggest longshot victor in more than…

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