The Alabama Limited Liability Company Law of 2014 makes substantial changes to the way LLCs operate in the state.
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When a partner wants to leave the business, there's a number of things you must do before you can write them off the books.
Read MoreEntrepreneurs planning to change the addresses of their businesses are required to follow a lengthy procedure. These steps need to be followed; you just can’t skip the legal aspects. A change of business address requires notifying government agencies, employees, and even vendors. To update your business address details, which includes making changes in the print and online materials as well as in the bank accounts, you need to work from a checklist. This outline will help you edit your business address.
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As an entrepreneur it is critical to understand the intricacies of business entities and know which type of business entity to choose for your business.
Read MoreIf you are going to start a business, make sure you have enough money. Seeking investment capital is extremely tough and may take considerable time. A single wrong move can spell disaster for your business plan. Lack of money is the second most common reason as why businesses fail.
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Recently, I encountered an issue that I had not experienced in my years of practicing law: a client was using his cell phone to video record our meeting.
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A well-structured business plan is your roadmap to achieving success in business. Basically, your comprehensive business plan should be able to address a few questions like: what are your business goals for the current year? How much profit do you want to earn from various investments? What are your business strategies?
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Are you looking for a partner who can contribute significantly to your business growth? This can be the most vital business decision that you will make.
Read MoreTripp Watson talks on the need to incorporate a small business in Alabama
Read MoreTripp Watson shares some useful insights to ease the process of applying and getting your Alabama small business loan approved.
Read MoreStarting a business in Alabama involves a lot of things to mull over, especially with the local and national laws. Tripp Watson shares useful insights about setting up a business, and how one can seek help from an attorney, banker or a specialist executive who can guide you to draft a business plan and make sure you comply with the laws before things start.
Read MoreTripp Watson talks about one big mistake that new business owners make while starting a new business.
Read MoreMost small businesses face difficulty scaling with their increasing demands. As Eric Ries stated in his book, "Most small businesses don't starve, they drown." There are simply too many things to do, too many balls to keep in the air, and any entrepreneur knows that it's easy to get buried underneath the avalanche of to-dos.
Read MoreAre you looking to start your own small business in Alabama? Not sure where to start? Tripp Watson discusses three important aspects of starting a small business in Alabama
Read MoreIn this video, Tripp Watson shares his views on how one can get a loan to start his own business in Alabama, like starting a restaurant.
Read MoreIn this video, Tripp Watson guides you through the process of applying for a liquor license in Alabama. The first thing that the issuing board looks at is the experience that one holds in running a business within the state. In some cases, one might have to deal with procuring an approval status to sell liquor from the City Council. One needs to consider a lot of other things like municipality regulations, law with ban on smoking and other state laws.
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Protecting your legal rights on Facebook is a tricky process. At least once per year, when Facebook updates its privacy policy, I inevitably see a stream of posts with individuals trying to protect their privacy and intellectual property rights by posting something such as the following:
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One of the biggest issues I see is difficulty delegating tasks to a virtual assistant. Managing a virtual assistant (VA) is the exact same as managing anyone else. Therefore, poor results from a VA often stem from a management problem.
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