Most small businesses must apply for at least one business license to operate legally. Determining the state, local and federal licenses you need may seem tedious, but getting the right licenses serves as one of the critical first steps in starting a business. Without the right paperwork, you may find yourself subject to fines and …
As California businesses grow, there are a lot of assets that begin to accumulate and sit stagnant. Sometimes, this is old inventory that didn’t sell, and other times, it can be documents of data about your business that might not seem very useful. However, that old data can be incredibly useful for planning your next …
How old data can be used for future business planning Read More »
Creating a business plan is a very important part of any business. It will help guide your business and has many long-term benefits, so you shouldn’t underestimate the importance of putting a business plan together. Here are a few reasons why writing a business plan is crucial to your business in California. What is a …
Workers throughout California and the rest of the nation perform lots of work digitally. Considering that, you might be an employee of a company that’s working on a digital transformation strategy. While this can be a great move, it’s easy to make mistakes while working on a digital transformation. With that in mind, here are …
Prospective entrepreneurs in the state of California face a big decision concerning what type of entity to make their new business. This isn’t a decision that should be taken lightly because it will affect various aspects of your enterprise. For example, it will have tax implications. It pays to take the time to understand what …
Should you establish a privately held corporation? Read More »
If you are on the brink of beginning the process of organizing and launching a California start-up enterprise, you undoubtedly have a myriad of key questions. Among them like are queries about what types of professionals you should retain in the formation and launch process. For example, you may wonder whether and when you should …
California is home to many new startups every year. If you’re one of these fearless entrepreneurs, one of the first questions you may have about your startup is what permits you need to legally operate. The reality is that it depends on the types of products and services that you offer. A look at your …
When you launch a business partnership in California, it might seem safe to assume that you’re on your way to success and profits. However, even a successful business can cause tension between the business partners. It might not be fun to think about, but it’s important to include an escape clause in your initial contract. …
Do you need an escape clause in a partnership agreement? Read More »
Partnering with a venture capital firm may be an effective way to help your California startup reach its full potential. However, there is no guarantee that it is the best decision that you can make for your business. Let’s take a look at some of the pros and cons of seeking venture capital. The potential …
Angel financing is an option for gaining funding as a small business. You give equity in your business to the angel investors in exchange for funding. From the angel investor’s perspective, it is a high-risk, high-reward opportunity. Angel investors in California are often involved in their communities and enjoy helping local businesses. Many of them …
