Author Archives: Jay Butchko
Differences Between Startups And Small Businesses
When starting a business, it’s important to use the right terminology. Is your business a startup or a small business? Aren’t they the same thing? They may sound similar, but they have some differences. While both are new companies, each has different goals. Here’s a closer look at both of these terms. Startups A… Read More »
Avoid Unlicensed Contractors By Having A Contract In Place
After a disaster like a hurricane, storm, or fire, a person’s most prized possession — their home — may be damaged. Once they receive compensation from their insurance, they may want to rebuild. And because many people are living in temporary housing during this time, they often want to rebuild as quickly as possible…. Read More »
Copyright Infringement Over Chocolate Bunnies
When you think about copyright infringement, what comes to mind? Maybe a published article or a song. Perhaps an invention or work of art. Do you think about chocolate? Probably not. It’s a battle of European chocolatiers as Swiss brand Lindt has sued Lidl, a German discount retailer, for replicating its popular chocolate Easter… Read More »
How The Right Business Formation Can Reduce Your Tax Bill
Early on in your business, you likely made little money as a sole proprietor. However, in an instant, your business could explode. And so can your tax bill. This is what happened to one entrepreneur. A board game creator, he made less than $6,500 in revenue in a four-year period. Because his revenue was… Read More »
Using Copyrighted Photos Without Permission
You’re a real estate broker and while searching online, you see a beautiful photo of Orlando that you want to use for your marketing materials. You see a photo of animals that you want to use or your veterinary website. So you get a copy of the photo and place it online or in… Read More »
Tips For Selling A Construction Business
Some businesses are easier to sell than others. Construction businesses are a good example. With the population approaching 8 billion, we need more buildings. There are always things that need to be built, such as houses, apartment complexes, schools, stores, restaurants, parks, and medical offices. So if you’re a construction business owner who is… Read More »
Changing A Sole Proprietorship To An LLC
If you’re a budding entrepreneur, there are various business formations to consider. Most business owners without employees will opt for a sole proprietorship. This formation is easy to set up and it’s cheap to do. However, things change over time and as your business grows, you may decide that a sole proprietorship no longer… Read More »
Overemployment And The Risk Of Disobeying Non-Compete Agreements
There’s a new trend going around and it’s called overemployment. Overemployment refers to juggling two or more full-time jobs in an effort to make loads of money. It’s a far cry from the other side of the spectrum — those who don’t want to work at all. Juggling multiple remote jobs is a great… Read More »
Staffing Agency Accused Of Illegal Non-Compete Agreements
Non-compete agreements are often used by employers to keep workers from seeking employment with competitors. Workers will tell you that these documents are unfair, limiting their employment and making it hard to earn money. Some workers even have to move in order to conform to the terms of their non-compete agreement. However, many states… Read More »
Dealing With Taxes As A Sole Proprietor
If you’re considering starting your own business and have no partners, a sole proprietorship is probably your best bet. You’ll be entitled to your own income. This is the easiest business structure and taxes are typically quite easy. You can simply report your company’s income and deductions on your personal tax return, so there… Read More »