An operating agreement is a contract that controls your LLC’s operations as well as member interaction with each other and with the LLC. You may think that an operating agreement is not necessary for your single-member LLC – after all – why make an agreement with yourself?
Starting a new business can seem overwhelming – especially when you’re doing it alone. Creating a business plan will allow you to refine incomplete ideas, address areas you may have not yet considered, create a map so you know what to do next, and increase credibility for bank loans o
Who is on your business team? This question speaks volumes as to the success of a business. Having a business team in place of highly qualified professionals such as a banker, lawyer, accountant, and insurance agent can help increase the success and profitability of your business. Fro
Smart business owners know that the customer is always right, but the bigger problem is figuring out, “Who is the right customer?” If you’re a profit-driven entrepreneur, you might say that targeting the big guy, or larger corporation, is the key to profitability. However, that may be
“Business and friendship don’t mix” is advice that many experienced business owners give to new entrepreneurs. It’s more than an old cliche, though. Statistically, business ventures that involve the partnering of friends have a higher failure rate in comparison to other business part