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The L4SB Business Tips Series, as well as general business tips for L4SB clients and small business in general.

Pro Forma Financial Statements

For business owners, making decisions about business operations and the company’s trajectory can be exciting, but it also comes with uncertainty. For example, say your company wants to expand and is considering purchasing land for a new manufacturing facility. Or your company is considering refinancing debt in response to low interest rates. Whatever the business […]

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Buying an Existing Business?

If you are presented with the opportunity of buying an existing business, you may be attracted to the idea of walking into an income-producing business with a great location, a good reputation, and loyal customers. The price is something you can manage, and the owner says he is selling the business because he wants to […]

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How to Form a Food Truck LLC

Food? Check. Truck? Check. Now you’re ready to make your business official. One of the steps in this journey is starting a food truck LLC for your mobile eatery, the good news is it’s not as difficult as you might think. Why have an LLC for my Food Truck? For Food Trucks, LLC’s provide a […]

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Understanding Contracts: Asset vs. Stock Purchase

So, you’re looking at purchasing someone’s business or selling your business, but what exactly does that mean?  You have two primary options: an asset purchase or a stock purchase.  It’s very important you understand the differences in order to know which one is best in your situation. What’s the difference? Asset Purchase With an asset […]

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Using the Internet When Hiring

One of the benefits of information being so readily available online these days it that it takes some of the mystery out of hiring employees.   Everyone puts their best face forward in an interview but how is a Business Owner or Manager to really know who it is they are hiring?  Conveniently, the advent of […]

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Banking and the Small Business Owner

The Corporate Veil:  Don’t pierce it! “Piercing the Corporate Veil” refers to the situation when a court puts aside the protections that are normally associated with an incorporation.  The very reason you went to the trouble and expense to incorporate in the first place will be rendered void if you do not routinely exercise a […]

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Available Now! The Business Entity Decision Maker

LLCs, Anonymous LLCs, C Corps, S Corp, Sole Proprietor….  Could you use a little guidance? What IS the best structure for my business? There are many choices when it comes to how to setup your business.  As you might expect, every choice comes with certain rules and ramifications that will not only determine how your […]

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A S Corporation May Help You Save a Lot in Taxes

If you’re familiar with the different types of businesses out there, you’ve probably heard something about an S Corporation or “S-Corps”. Maybe a friend or colleague told you about some of their benefits, and maybe you’re even thinking about making one. Before you do, it’s important to understand why an S-Corp can be so beneficial […]

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When We Work Together – We All Succeed

Preferred Partners

Too often businesses fail when they have a fixed mindset. They lack the ability to change and adapt, and often its due to the lack of partnership with other businesses to collectively learn from their mistakes and successes. According to Forbes, “Business owners and businesses have to be flexible, evolving and adapting with what is […]

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