For the love of your business

Articles to LIFT Your Life and Business

Five Clauses Every Partnership Agreement Needs

Your partnership agreement is a legal document that outlines each partner’s rights and responsibilities as well as the operating procedures for the business. When a group of people come together to invest in a business venture, the partnership agreement can provide valuable protections. But drafting an agreement that provides you with the protections you need […]

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How to Scale Your Business for Sustainable Success

Business growth is a dream that sparkles in the eyes of many small business owners. But bigger is only better when your business operations are scalable. Significant growth without proper planning usually comes with extra costs and more work that could leave you and your business vulnerable and unprepared for the challenges of success. If […]

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Virtual Currency and Your Business

As it becomes increasingly common for businesses to conduct business online, the fees associated with online transactions rises to the top of the list of liabilities to be considered. The convenience of taking payments electronically comes at a cost. When looking for financially sound solutions to this problem, you may hear about Bitcoin and the […]

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Will I lose my home if my business files for bankruptcy?

Q: Will I lose my home if my business files for bankruptcy? —Homeowner/Business Owner A: Dear Homeowner: As a business operator, the line of liability isn’t always clear. You could lose personal assets—such as your home—if your business files for bankruptcy, but it depends largely on the way you have legally structured your business and the […]

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New Business Owner? Avoid These Common Startup Mistakes

The startup life can be exciting and for many the learning curve is huge. In the midst of growth and opportunity, many entrepreneurs make costly legal mistakes which can be easily avoided with the proper preparation. Here are some of the most common legal missteps made by businesses in the startup phase: Not Drafting a […]

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Have Well-Being While Running a Business That Seems to Drain Time and Energy

Think business is all work and no play? It’s that mindset that will hold you back from reaching your potential. Your happiness matters. The problem is, the pressure of running a business can make it seem that prioritizing self care and your overall well-being is next to impossible, or even irresponsible. But, in fact, the […]

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Promoting Your Business on Social Media? How to Protect Your Reputation Online

Social media as a marketing tool can be a blessing and a curse when it comes to building your business reputation. Friends, followers, and likes on social media platforms such as LinkedIn, Facebook, and Instagram can help your business gain raving fans with a tap or a click. Not only can you easily gauge the […]

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Small Business Financing at the End of the Brick and Mortar Era

As more banks close local branches and eschew brick and mortar growth, small businesses face uncertain times. With fewer branches in which to form trusted financial relationships, business owners often must rely on online banking for everyday needs. This poses a problem for small business owners who previously benefited from personal relationships with bankers when […]

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How can I foster transparency in my business?

Q: How can I foster transparency in my business? –Honest Business Owner A: Dear Honest: Transparency can help you identify and prevent potential legal and financial problems before they happen. So, how can you foster transparency in your business? Here are a few best practices to help you get started: Hire honest employees who won’t be […]

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Culture: How a Practice of Karma Can Improve Your Business

Good business practices like transparency and corporate responsibility can be leveraged to build valuable relationships. But throwing around these buzzwords will only get you so far. If you really want to see results, what you may want to consider is a practice of karma: the idea that helping others become successful—suppliers, customers, even competitors—is the […]

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Avoid Business Litigation With These Six Steps

Business litigation is an expensive use of both time and money and should be avoided whenever possible. Even the most favorable of settlements can cost a business months—if not years—of productivity and focus. To avoid the high costs of litigation, follow these six preventive steps:   Don’t skimp on contracts. Instead of spending a fortune […]

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