According to Jeffrey Eisenach, an economist at George Mason University, since 2005 the number of workers classified as independent contractors is up by more than one million. The reason employers do this is obvious: employers don’t have to pay unemployment taxes on contractors; contractors don’t get the same vacation and sick day perks employees do;
Monthly Archives: June 2012
So, you’re going to talk to me about my LLC. And taxes. Certainly I am. You’ve elected to operate your business as an LLC, or you haven’t but you do want to learn more about it. So you’re no dummy! Well, even if you are, we’re going to assume you aren’t. Thanks. My mother says
Forming an entity (like an LLC or a corporation) for your business is pretty much a no-brainer. Business entities provide protection against business creditors coming after your personal assets to satisfy a debt. But what happens when the reverse happens? That is: what happens when a personal creditor pursues your business assets? Well, that’s where
So your business has been up and running for a while and is starting to have some success. You’ve got an office, a few solid customers, and some consistent revenue coming in. Your business is poised to thrive and grow into a full-blown, prosperous company. Alright! The next logical step at this point of growth
Hey you! Have you ever heard of convertible debt? Convertible debt, you say? Does that have something to do with financing a LeBaron? Ha, ha, funnyman. No, “convertible debt” is an option for raising money for your start-up. I like money. I know! See, every startup company at some point has to raise capital and
Sometimes you need another person to be able to make Big, Important Decisions for you. But some decisions – like taking out a loan, or buying a house – are so Big and Important another person legally can’t make them for you. Even if you really, really want them to. That is, unless you grant
Summer is officially here, and students across the county are filing into offices to start internships. While the number of job openings is scarce for young people, student internships have risen dramatically in recent years. The National Association of College and Employers recently found that the percent of graduating students with internships has more than
