Understanding The Types Of Business Valuation Methods
Business owners may need to conduct a thorough financial evaluation of their business for a wide range of reasons, such as preparing for a merger, tax reasons, or even a divorce. Business valuations analyze the business and assign an economic value to it based on numerous factors. There are several common business valuation methods to […]
Is There A Best State To Incorporate?
Congratulations on your new business! After determining what type of business structure to create, the next most important decision is determining which state to incorporate. There are many factors you will want to consider when making this decision, and the experienced business attorneys at Ferlito Law Group can help you weigh your options. If you […]
Understanding Equity Incentive Plans
An equity incentive plan is a key cornerstone in most startups. Also known as stock option plans, these set a structure for dividing equity interest among employees, partners, and others involved in the business. When laying the foundation for a new startup, entrepreneurs need to consider the various types of equity incentives and determine which […]
The Importance of Corporate Governance Documents
Your corporate governance documents should not be an afterthought. These primary business documents can play a dramatic role in how smoothly your business operates. By pouring the requisite attention and care into your corporate governance documents, you help to set the stage for your business’s success. The experienced corporate governance document attorneys at Ferlito Law […]
The Difference Between An LLC And A Corporation
One of the most important decisions that a business owner can make is determining what type of business structure to create. Two common options are corporations and limited liability companies (LLC). According to a recent survey by the National Small Business Association, 42% of businesses in the Untied States are S-corporations and 23% are LLCs. […]
Do You Have the Right People in the Right Roles? Hiring Employees Vs. Contractors
As you grow your business, you ultimately find yourself in a position to need assistance regarding certain tasks and projects. These people can work with you for years on long-term tasks such as accounting or sales, or their expertise may only be needed for short-term projects such as creating your business’s website or creating a […]
Checklist Before Purchasing A Business
Purchasing a business has the chance to yield major financial returns, but the process is not simple. There are many important aspects to consider before making a purchase. An unwise business purchase can lead to financial ruin, so potential buyers should take a methodical approach to the process and make sure all relevant factors are […]
Financing Options for Startups
For many, the dream of starting a business, being one’s own boss, and becoming profitable is truly a life goal. There is much that goes into developing a business idea, creating a business plan that will work, and then moving forward. Unless a prospective entrepreneur is independently wealthy, it is possible that one of the […]
Contractual Tools To Manage Risk
Contracts form the cornerstone of many businesses. These legally binding documents communicate agreements that you have with customers, vendors, employees, and others. Fortunately, there are a number of contractual tools to manage risk. The first step to managing risk is to identify it. Businesses may encounter legal risks, such as being subject to liability for […]
10 Startup Mistakes to Avoid
If you are preparing to set into the business world as an entrepreneur, it is an exciting time, and following your dream is an important element of the process. While startups sometimes create their own path in the market, this does not mean that they are invulnerable to making mistakes and experiencing failures before they […]