Remember when Target experienced a massive data breach during the 2013 holiday season? It was a big one with hackers exposing 40 million customers’ credit and debit card information and 110 million customers’ personal information like email and mailing addresses. The Target data breach led to a class action lawsuit against Target and a $10…
5 Business Mistakes that Cause Your Company to Lose Its Good Standing
Is your business structured as a corporation (e.g., an s-corp) or limited liability company (LLC)? Are you meeting all of the ongoing requirements to keep your business in good stating with the state where it operates? If you’re not, your company could be administratively dissolved. In layman’s terms, this means you and any other owners…
10 Things Your Independent Contractor Agreement Must Include
Hiring independent contractors to complete specialized work or provide temporary help is becoming more common every day. It doesn’t matter if a company is small or large, local or international, or anything in between. Using freelancers is standard practice in business today. In fact, there are over 53 million freelancers in the United States according…
6 Steps to Ensure Customers Pay Your Small Business
Collections. It’s a dirty word, but it has to be discussed. At some point, every small business will have a collections problem. There will be a customer who doesn’t pay you for your products or services. What will you do when it happens? It’s better to have a collections policy in writing and a system…
The Entrepreneurial Trap – Making Promises You Can’t or Don’t Want to Keep
You’re starting a business and looking for help anywhere you can get it. Things are moving really fast, so you skip the formalities. Verbal agreements and handshakes will suffice. The people you’re working with understand what you’re thinking. They know what they’ll get if they help you. Guess what? If that’s what you’ve been doing,…