Legal advice for business owners is vital for business survival. Your company’s logo or business name remains unprotected without a patent, copyright, or trademark. Operating without forming a formal business entity automatically makes you a sole proprietorship or general partnership. This leaves you exposed to unlimited personal liability. The right legal structure shapes your tax … Read more
Small business bookkeeping tips are worth their weight in gold – and the numbers back this up. The payroll and bookkeeping industry reached a staggering $60 billion valuation in 2022, which proves these services matter tremendously to businesses of all sizes. Running a small business myself, I understand the struggle of managing bookkeeping tasks while … Read more
A small business lawyer’s early involvement could determine your company’s survival. The U.S. Bureau of Labor Statistics released a January 2024 report with sobering numbers. Their data shows that 20% of businesses that were 11 years old failed within their first year. Only a third managed to survive a decade. Most small business owners make … Read more
The landscape of small business laws will transform dramatically in 2025. Twenty-three states and 65 cities plan to modify their minimum wage laws. This change represents just the tip of the iceberg in the realm of new small business regulations. The year 2025 brings major changes to small business regulations. The Corporate Transparency Act now … Read more
You can set up a company in the UK in just 24 hours. The UK stands as one of the world’s most business-friendly countries. Its $3 trillion GDP makes it the 6th largest economy worldwide. Local entrepreneurs and international business owners will find that UK company incorporation brings most important benefits. You need just … Read more
![Contract Drafting Mistakes That Could Cost You Thousands [Expert Guide]](https://thecorporateblawg.com/wp-content/uploads/2025/04/Bookkeeping-101-Essential-Business-Guide-2-1.webp)
Contract drafting mistakes can silently drain your company’s revenue. Poor contract management leads to a 9% loss in annual revenue, according to the International Association for Contract & Commercial Management (IACCM). Project delays and cost overruns affect 77% of organizations due to contract-related problems. Your business loses money from basic contract management challenges. Ambiguous language … Read more
Written agreements date back to 2,300 BC. Ancient Mesopotamians created contracts that covered sales, labor arrangements and everything in between. The modern digital world needs more than simple words on paper. Business owners must get their contracts right – from employment agreements to non-disclosure documents to fixed-price deals. Written contracts play a vital role in … Read more
Introduction Small business owners who keep checking their financial statements make better business decisions – 82% feel more confident about their choices. The numbers tell an even better story. Your business has a 63% higher chance of getting loan approval when you keep your financial records in order. These numbers show that good bookkeeping does … Read more
A surprising fact: 46% of Fortune 500 companies were founded by non-US entrepreneurs. These 230 industry giants built their foundations through proper business incorporation in the United States. Delaware stands out as the home base for more than 60% of Fortune 500 companies. This makes it the top choice for business incorporation. Business owners can … Read more