business formation & planning

The Bluegrass State has seen a surge in new businesses recently. According to the Kentucky Secretary of State, nearly 53,000 companies were formed in 2021, an increase of 21% despite the ongoing challenges of the pandemic. The state says limited liability companies...

Every business owner understands the benefits of setting a succession plan. It can smooth the transition and give everyone a goal to work toward. It provides stability. But is it everyone’s business? International brand Helen of Troy recently publicized their...

Your products and practices are what set your business apart from your competitors. Your unique perspective helps your customers and clients choose you over other companies. Protecting your company's intellectual property is essential to safeguarding your business's...

Perhaps you have reached an age where you are ready to retire, or maybe you have run your company for several years and now want to pursue opportunities in a different industry. There are countless reasons why people may choose to sell the business that they have...

Without vendors, your business would not have products to sell or supplies to manufacture goods. You need reliable resources and dependable pricing for your company to manage daily operations and minimize the expenses it incurs. When you choose a vendor and negotiate...

There are numerous business forms that people use, and each of these structures offers unique benefits and certain drawbacks. A sole proprietorship is a popular choice among those starting their first-ever business or intending to run a small business in addition to...

As a business owner, you are consistently planning for the future. But are you and your partners prepared for a time when you retire, pass away or are ready to sell? Succession planning is a lot like estate planning in that everyone knows it is important, but not...

It can take time to find the right business partner. Once you finally find them, everything may initially seem like it's going so well that you couldn't envision any strife emerging between you.  Emotions such as resentment and distrust can snowball, though. There are...

There are multiple ways for you to structure your new business. You could enter a partnership with another person or even incorporate your business. There are advantages and disadvantages to each of the various business forms. Many people, by default, end up selecting...

Without vendors, your business would not have products to sell or supplies to manufacture goods. You need reliable resources and dependable pricing for your company to manage daily operations and minimize the expenses it incurs. When you choose a vendor and negotiate...