Because of the ease of filing and management flexibility, many business owners set up their organizations as a limited liability company. This structure is often ideal when building a business. As a company grows and seeks to expand, ownership may start to consider...
One of the most important decisions you will make as a business owner is the type of structure you will adopt. Although this is not an exciting task, it will determine many things, from your taxes to your personal liability. Therefore, these are some things you should...
Starting a business is exciting, but it takes more than a dream to succeed. According to LendingTree, 20 percent of companies fail every year. Your business does not have to be one of those failures. Keep the following in mind as you begin your entrepreneurial journey...
Launching a business can be exciting. That said, it can also be challenging, especially if it is your first time launching a company. While there can be a lot to consider as you get started, that does not mean that you need to feel overwhelmed. There can be simple...
When entering into a business agreement in Kentucky, contracts can be essential. There are different types of contracts. Some are written while others are implied. Knowing the difference is important as there are different ramifications for each. Written employment...
For prospective business owners in Kentucky, the process of getting a new endeavor off the ground will be exhilarating. Still, it is important to remember the fundamentals. A critical first step is establishing a firm business foundation in accordance with the law....
Knowing how to negotiate with potential investors, suppliers and co-owners is an essential part of starting a business in Kentucky. If you know how to do this with other people in your industry, you'll be able to get what you want without compromising too much. Here...
As a business owner, you are responsible for establishing your company’s culture. You will want to make sure it is a good place to work, and that you take every possible step – within reason – to keep your employees satisfied. Even at businesses with good reputations,...