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I have been a small business owner for ten years – 10 years! It sounds so surreal to even say it out loud. Maybe it is because as a one-woman shop, I never allow myself to stop long enough to think about how much it has done, how many we
Independent contractor agreements are pretty important right now because in 2022, the Department of Labor proposed a rule that would change how we classify independent contractors. This will alter the way we create contracts and will change the circumstances that are facing lots of small businesses using independent contractors currently
“What’s in a name? That which we call a rose/ By any other name would smell as sweet.” – “Romeo and Juliet,” William Shakespeare When Juliet utters these words to her Romeo, it is because she is questioning naming conventions. I did the same as I sat in the
This year we’ve been talking about business entities. So far we’ve covered sole proprietorships, and registered entities like limited liability companies, limited partnerships, and corporations. A question that pops up frequently in our small business practice is the distinction between tax status and legal status. Let’s dive in. What’s a
What Are Trade Secrets? Oxford dictionary defines trade secrets as: A secret device or technique used by a company in manufacturing its products. To dive in deeper, trade secrets are intellectual properties (IP) that include formulas, practices, processes, designs, instruments, patterns, or compilations of information that have inherent economic or
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