Understanding S Corps and LLCs for Small Business Startups

A business startup has several options for legal structure. Each has pros and cons; the LLC structure, which stands for limited liability corporation, is used to protect a new business owner’s personal assets from liability or seizure in the case of business losses....

Communication During a Family Business Transition

Family relationships are challenging even in the best of times. During a major transition such as transferring ownership or control of a family business to the next generation, misunderstandings and poor communication can derail the best intentions and plans. A...

Understanding Anti-Discrimination Laws for the Business Owner

Businesses in America must follow federal and state anti-discrimination laws. The anti-discrimination practices include treatment of employees of the business, treatment of customers, and business policies. Several areas that are not included in federal...

Incident Report: What Should You Do When a Customer is Injured

It’s one of a business owner’s worst nightmares. A customer is injured while visiting your store or office. It can be easy to panic, and even easier to take immediate responsibility or blame. Few people want to see somebody get hurt, and the reflex is...

People Analytics: Data Privacy and Civil Rights

Algorithms make better hiring decisions than experienced hiring managers. Algorithms use data, called people analytics or talent analytics, to assess how a person or group of people will perform in a workplace over the course of a employee-lifecycle. These data...