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.
This Article is going to make you an expert on all entrepreneurial business visas and green cards. Immigration for startup founders and…
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.
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!
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. […]
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. […]
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.
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.
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:
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This article is a part of a series called, “The Business Lifecycle + Your Wealth” which focuses on the relationship between an entrepreneur’s personal balance sheet and their corporate one. Each week there will be a new focus topic for business owners that are starting, growing or selling their business.