Small Business News
Small Business News

Running a Business News

Connecticut Collected Nearly $1.8 Million from Unregistered Out-of-State Companies

An ambitious joint enforcement program between Connecticut's Secretary of State and its Attorney General to collect penalties from businesses that failed to register and obtain a certificate of authority to do business in Connecticut netted nearly $1.8 million in Fiscal Year 2015.

Expanding Your Business? Foreign Qualification Protects Your Rights in a New State

Foreign qualification protects your business when you do business in a state other than your state of incorporation or formation

Corporation or LLC Dissolution Requires Proper Filings

Ending a business that isn’t working out can make way for new, successful endeavors. Don’t let the remnants of a business that exists in name only get you in legal hot water. Proper dissolution requires specific filings in both home and foreign states so that the business—and your liability—is legally terminated.

Keeping Up With Business Licensing Requirements

If you run a business, whether online or bricks-and-mortar, you will need to obtain and maintain one or more business licenses, permits, or registrations. Whether you opt to apply for and monitor your license needs yourself or by outsourcing these efforts, business licensing compliance is increasingly important in today’s regulatory environment.

Business Cred: “Good Standing” And Why Your Business Needs It

After a corporation, limited liability company (LLC), or other entity is formed it will need to maintain “good standing” status in state records. A status other than “good standing” could inhibit expansion into other states or the ability to obtain financing. It might also jeopardize the owners’ limited liability.

Assumed Names: What You Need to Know

Any business that uses a name other than its legal name should take steps to comply with the assumed name statutes in the states in which it does business. Failing to do so can expose both the business and owners to unpleasant consequences.

Federal Court Confirms S Corporation's Flexibility for Owner's Asset Protection, Tax Savings

The federal Third Circuit Court of Appeals has recently confirmed a valuable asset protection aspect of using an S corporation. If a subsidiary corporation files bankruptcy, the parent corporation can end the QSub's pass-through tax status, leaving the bankrupt subsidiary with the obligation of paying its own taxes instead of passing income through to a non-bankrupt owner.

Corporate Recordkeeping: A Dull But Necessary Task

Many state laws impose corporate recordkeeping requirements on corporations. Also, shareholders typically have a right of inspection.

Neglecting Business License Requirements Can Be Costly

Nearly every business must have at least one license. Determining which licenses are required by your state and local government and then complying with all the paperwork can be time-consuming and vexing. However, failing to comply and stay current with license requirements can result in fines, penalties, business closures, and lost customers.

Do You Know When Your Annual Reports Are Due?

The tax deadlines may have passed, but for many small business owners Annual Report deadlines are now on the horizon. Most states impose an annual information reporting requirement on all entities that are formed or qualified to do business within the state. The deadlines, fees charged and information required varies widely from state-to-state, but one fact is true in all states—missing a deadline can have severe consequences.

Unwrapping the Gift Card Rules

Customers love gift cards and most plan to buy some this year. If your business issues gift certificates, you need to understand the rules governing them.

Sizing Up Your Business with SizeUp, SBA’s New Market Research Tool

Communicating a Crisis: Creating a Disaster Response Marketing Communications Plan

You can't predict disasters. But you can put a communications plan in place that helps ensure a smooth disaster recovery.

Don't Let Social Engineers Compromise Your Business Data

Your employees can be the weakest link in protecting valuable information about your business and customers. Having a policy, training your employees and reinforcing the message can help keep your business safe from social engineering and phishing scams and prevent your sensitive information from falling into the wrong hands.

How to Establish a Practical Inventory Management System

Effective inventory management eludes many small business owners who often assume only large competitors can create a well-oiled inventory machine. But with some organization, assessments and periodic adjustments to inventory practices, entrepreneurs can improve cash flow and gain valuable insight into their business.

Finding Government Resources That Help Your Small Business

With the launch of a new federal website focused on entrepreneurship, business owners now have a wealth of online information at their fingertips. The problem, though, is finding it.

Protecting Trade Secrets

'Protecting Trade Secrets' discusses the current definition of business trade secrets, how the judicial system enforces them, and how best to protect them in your own business, including the use of patents, copyrights, trademarks, non-disclosure agreements and non-compete agreements.

Liquidation as an Exit Strategy

'Liquidation as an Exit Strategy' discusses liquidation and using liquidation specialists as an alternative to selling a business.

Truisms for Running a Business

'Truisms for Running a Business' recaps lessons learned and practical tips for running and growing your business, based on the mistakes and success stories of other entrepreneurs.

Developing an Exit Strategy

'Developing an Exit Strategy' discusses the different ways to and reasons for getting out of your business, and the numerous considerations involved when selling your company or passing it along to family members or key associates.

How the Antitrust Laws Apply to Small Businesses

Although the risks of violating antitrust laws are far smaller for small businesses than for larger businesses (in fact, small businesses are more often the victim than the perpetrator), you still can run afoul of the laws.

Back-to-School Season Brings New Challenges & Opportunities

October: What Scares You as a Business Owner?

Survey--What Scares You as a Small Business Owner?

Have No Fear: Steps You Can Take to Prevent Crimes Against Your Business

October is National Crime Prevention month and the perfect time to assess whether you’re taking the right steps to stop the various types of crimes that can harm your business.

Take Advantage of the Opportunities and Assistance Available for Women Entrepreneurs

October is National Women’s Small Business Month and the perfect time to spotlight the varied resources and benefits available to businesses designated as woman-owned.

January: Happy New (Tax & Budget) Year

When Must You Amend Your Entity's Formation Documents?

If you have a corporation or an LLC, changes that you make to your entity's name, management or ownership may trigger the need to document those changes with your home state and each state where you have registered to do business.

RFP-EZ Process Makes Government Contracting Easy

Technology companies may be able to land government contracts, without enduring the painful government contracting process, by taking advantage of the RFP-EZ Marketplace, a pilot program launched by the Small Business Administration.

Four Compliance Obligations to Check before Year End

The final months of the year are an excellent time to make sure that you are on top of your annual requirements. Time spent reviewing four crucial compliance responsibilities will ensure you begin next year the right way, free from risk.