Business Essentials

Q.:  My friend and I are trying to start a construction cleanup business. We’re wondering: Do we have to get small business insurance if we are the only ones working? Are there any other legal factors we should consider? A.:  Yes, yes, a thousand times YES!  Any business that deals in high-risk and related activities, […]

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Q.: I’m starting up a children’s art class business in my home and would like to know how to protect myself from being sued in case of injuries to children. I can’t afford to pay for insurance at this time and although I don’t have anything dangerous in my studio, I would rather be safe […]

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Q.: What type of small business insurance is needed for a virtual office situation that spans more than one state?  My small business is an S-Corp with employees in Florida. A.: Regardless of your form of business entity, having small business insurance provides another important level of protection. There are various kinds of small business […]

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A DBA – or Doing Business As name – will keep your business in good legal standing, so it’s a good idea to file a DBA as soon as possible after launching your company. The DBA or Fictitious Business Name designation was created as a form of consumer protection, to prevent business owners from operating […]

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As I channel-surfed the other night, a VH-1 documentary on disco reminded me of 8-track tapes. When all of my friends had them, I absolutely, positively had to have them, too. But very quickly, I realized that they didn’t meet my needs (I couldn’t rewind and replay my favorite parts of the Star Wars soundtrack), […]

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Way before we get to the legalities of a joint venture, it’s important to start with a mindset of knowing why we want to get into one in the first place.  As with romantic relationships, to get into one “because everyone else is,” tends to be a lousy justification which produces lousier results.  In his […]

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Q.: I recently got laid off from my full-time job. My small business only makes enough to cover my business expenses. Can I still collect unemployment from my full-time job even if I have a sole proprietorship? A.: Generally, you cannot get unemployment coverage if you are a small business owner.  The purpose behind unemployment […]

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Q.: Am I required to have workers compensation coverage if I am the sole employee/owner? A.: Generally, if you are self-employed, you are exempt from the requirement to have Workers’ Compensation coverage to cover yourself.  However, the minute you add an employee, get that in place – pronto! Some states do allow you to “opt in” […]

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Q.: I will be providing a maid service as an independent contractor and will start with one or two maids but don’t know how surety bonding works. If I am an independent contractor for a maid service, do I have to bond each maid, or just have one bond for the company? Also where, and […]

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Q.: I wanted to start an automotive maintenance course to teach people how to change a flat tire, do their own oil change, etc. However, the downfall here is I am concerned that I could be held liable for any mishaps. Do I actually need to have business liability insurance? I know it is probably […]

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