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5 Operational Bases Every Startup Should Have Covered If It Wants to Grow

Photo by William Felker on Unsplash

The easier you make it for investors to understand your startup structure and operations, the more likely they will be to invest. Once a business gets up and running, it’s time to reassess where the company’s operational priorities are. It’s tempting, at that point, to let “structure” remain on the back burner, when you’re scrambling for growth. But having that singular factor in place early on is much more effective than backlogging it two years later, should you, for instance, need a clear picture of your financial history.

Source: 5 Operational Bases Every Startup Should Have Covered If It Wants to Grow

I’m starting a side hustle. Do I need an LLC?

I began taking on one-on-one clients. I grew an email list. I created and sold my own online course. Overall my business was rapidly moving in a direction that I could only describe as “official business-y business stuff,” and I started to wonder if I should be doing something a bit more … business-like. […]

Source: I’m starting a side hustle. Do I need an LLC? – GrowthLab

7 Legal Issues Every Business Owner Needs to Address in 2018

Photo by Joanna Kosinska on Unsplash

Getting your legal house in order isn’t much fun, but then again, neither is getting sued. So while you’re following up on your resolutions to exercise more and eat better, give yourself a legal gut-check, too. Here are seven legal issues to get straight in 2018:

Source: 7 Legal Issues Every Business Owner Needs to Address in 2018 | Inc.com

Errors & Omissions Insurance: A Safety Net for Your Business

Mistakes can often be costly for small businesses, so obtaining an Errors & Omissions policy can be an important protection measure. This article focuses on the distinctions between Errors & Omissions and General Liability policies, and breaks down some of the Errors & Omissions policies available.

Source: Errors & Omissions Insurance: A Safety Net for Your Business | Forbes.com

5 Side Hustles That Need Liability Coverage

Photo by Charles Koh on Unsplash

Millennials are leading the charge when it comes to the side hustle. More than half of U.S. millennials are making extra cash operating a side hustle, while a recent study from Bentley University revealed that 66 percent of millennials have a desire to start their own business. Starting off with a side hustle while still maintaining a full-time job can be a great way to build up a business while not having to give up the security that comes with regular income. But, do you think that side hustles are totally risk-free? Think again. Here are five popular side hustles that need liability insurance, with examples that demonstrate why it’s so important.

Source: 5 Side Hustles That Need Liability Coverage

Immigration Tricks for Startup Founder

This Article is going to make you an expert on all entrepreneurial business visas and green cards. Immigration for startup founders and…

Source: Trick or Treat: Immigration Tricks for Startup Founder | Medium

Why Due Diligence is Important – ThinkGrowth.org

Or, how venture capital can go horribly wrong if you don’t do your homework.

Diligence is useful in deciding how to manage an investor’s relationship with an entrepreneur, how to price the deal, and probably most importantly, whether to make the investment.

Source: Why Due Diligence is Important – ThinkGrowth.org

Legal Concepts for Startup Founders

What a great handbook for those that are looking to put a company together. Unfortunately for me, when I first started, I didn’t have anything like this and I had to learn a lot of these things through trial & error, which is not the way to do it!

Source: Legal Concepts for Startup Founders – John Saddington – Medium

Everything You Wanted To Know About Becoming An LLC

Many small-business owners flirt with the idea of becoming an LLC, and some even look into the preliminary steps, but the thought of legally incorporating can be daunting. Most of us tune out when legalese enters the conversation. It’s tempting to put off looking into becoming an LLC because it seems boring, tedious and overwhelming. But it doesn’t have to be. […]

Source: Everything You Wanted To Know About Becoming An LLC

Freelancers Will Soon Be Able to Buy Short-Term Disability Insurance Through This Startup

Sara Horowitz, also the founder of Freelancers Union, explains why a safety net for freelancers starts with her new company, Trupo. If you’re a freelancer, you don’t get days off when you’re sick. While you may be able to save up a rainy day fund for the occasional flu, if anything ever happened to you that put you out of commission for weeks at a time, chances are you’d be screwed.

Source: Freelancers Will Soon Be Able to Buy Short-Term Disability Insurance Through This Startup