Walking the “Lonely” Road: the Life of a Sole Proprietor

Business structures already can be quite complicated, especially if you don’t know what you’re dealing with. For sure, the simplest of formations out there requiring literally no documentation at all, to some degree, may be the most complex from a certain point of view. This is why it’s imperative that you know what a sole proprietor is and why you might want to establish yourself as one (or not). What Is a Sole Proprietor? Quite possibly the most complicated aspect of a sole proprietor has already been mentioned: you literally don’t have to do anything in regards to legal forms — no consulting an attorney (although it wouldn’tRead More →

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It Takes Two (or Three, or Four): Effective Business Partnerships

Perhaps you don’t want to go it alone as with a sole proprietorship. That’s fine. Nothing to be ashamed of. As with all business structures, though, you may not want to be a sole proprietor for a specific reason: there’s more than one of you operating the business! Can you truthfully run a biz as a sole proprietor when there’s more than one of you? It’s not easy. You could very easily get into the realm of having to file for a corporation or LLC, because if your colleagues aren’t partnered with you, they’re most definitely employed by you. That defeats the whole purpose of the soleRead More →

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Why Bringing an Attorney to Speak With Your Financial Advisor Can Win You Brownie Points

The beautiful thing about having that attorney by your side is this — legal protection. That’s not to say that a financial advisor, for instance, would try to scam you (although you might find a few who would). But even the best financial advisors out there have a hard time really explaining how things work to a client who knows absolutely nothing about the business. An attorney, however — especially one well versed and specialized in finance, investments, and business law — can work with your advisor and get things squared away without you having to pick your own brain and move some shelves aroundRead More →

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Getting the Goods on a Lost Client of a Financial Advisor

No one likes losing a client. Whether it’s an attorney, or a bookkeeper, or even a taxi cab driver, when that potential account with money goes bye-bye, the world’s over. One may ask, though, why? Why did the account drop in the first place? And should you have a right to know if you’re prospecting a particular financial advisor to determine the best qualifications? The answer, in short, is YES. It’s Your Interview With the Financial Advisor Not the other way around. You, therefore, have the right to ask whatever questions you want to ask that financial advisor. It’s a consultation. That’s what it’s for. So goRead More →

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