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Articles to LIFT Your Life and Business

What Happens to Your Company’s Facebook Page When You Die?

While Facebook has recently developed user-friendly options for managing your personal profile in the event of your death, the company has yet to develop any streamlined way to handle your business accounts once you’re gone. Indeed, a Google search of “what happens to my Facebook account when I die” turns up tons of hits related […]

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Start Accepting Cryptocurrency Payments in 3 Easy Steps

There’s currently more than 1,300 different forms of cryptocurrency like Bitcoin traveling through cyberspace, with a total value of more than $575 billion. While some people buy and hold crypto as an investment opportunity, many consumers use it just like other forms of currency—to purchase good and services. From lower fees, enhanced security, and the […]

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Secure Your Financial Future By Focusing on Cash Flow Instead of Accumulation

The typical formula for financial planning is to earn enough income, so you can invest a portion of it with Wall Street in hopes that one day you’ll accumulate enough wealth to retire. The plan is to sock enough money away over 30+ years and pray these investments eventually grow ample enough for you to […]

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Q: Are there any tax benefits to hiring my minor children to work for my business?

Q: Are there any tax benefits to hiring my minor children to work for my business? -Pondering Parent A: Dear Pondering There have always been numerous tax benefits to hiring your children, but the 2017 Tax Cuts and Jobs Act (TCJA) has made those benefits even more valuable. By hiring your children to do legitimate […]

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How California’s New Test to Classify Workers Impacts You

Correctly classifying workers as employees or independent contractors has always been tricky. Depending on the regulatory agency involved and whether you’re dealing with state or federal law, there are numerous different factors and tests that can apply to your decision. In April 2018, a ruling by the California Supreme Court added a new test to […]

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How to Protect Your Trademark in Foreign Countries

Globalization and digital technology have made the world seem like a much smaller place. And though the enhanced ability to reach international markets can be a major advantage for your business, it also opens up new complications with intellectual property rights. This is especially true when it comes to foreign trademark infringement. Trademarks are used […]

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Does Your Business Need Commercial Liability Umbrella Insurance?

Nearly every week, the news is filled with headlines announcing that some big company lost or was forced to settle a lawsuit for mega millions. While big-name corporations may be able to survive such litigation relatively unscathed, for small and medium-sized businesses, just a single lawsuit could sink your entire operation. Even if your company […]

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What You Should Know About Rewards-Based Crowdfunding

The web has revolutionized business operations in numerous ways: email, social-media marketing, and online job recruiting are just a few of the biggies. But another innovation is dramatically enhancing your ability to obtain business financing via online crowdfunding. Whether it’s equity crowdfunding, rewards crowdfunding, donation crowdfunding, or lending crowdfunding, these methods allow you to solicit […]

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Can I form my LLC in a state other than where I live?

Q: Can I form my LLC in a state other than where I live? -Interested Entrepreneur A: Dear Interested With few exceptions, you can form a limited liability company (LLC) in whatever state you choose. Maybe you’ve heard that states like Delaware, Wyoming, and Nevada offer legal and tax advantages—and this can be true. But […]

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Should Your LLC Hold Annual Member Meetings and Keep Minutes?

Many entrepreneurs structure their businesses as limited liability companies (LLC) because like corporations, LLCs offer personal liability protection for their owners. But unlike corporations, LLCs are not legally required to adhere to many of the same corporate formalities required of corporations. Given that LLCs offer the liability protection of a corporation, without all of the […]

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8 Key Provisions to Include in an Employee Severance Agreement

At some point, it’s virtually inevitable that some of your staff will leave your employment. Whether they leave of their own volition or they’re terminated, it’s simply the nature of running a business that not all employees will be around forever. In some cases, it can be a good idea to offer departing employees a […]

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