How Much Does a Business Attorney Cost?

Starting a business can be an extraordinarily tough endeavor to place oneself in. However, the rewards of being your own boss and building something of your own is, without a doubt, a very triumphant and rewarding feeling.

When building a business and scaling a business, it would be a great idea to invest in a business lawyer.

There will be a host of legal issues that you will want an expert’s Alice on, and there really is no better an expert than a business lawyer.

In this article, we will explain how much it cost to have a business lawyer on your team and if it will be worth it in the end.

As the old saying goes, “you have to spend money to make money.

And this is very true when scaling a business.

If you would like to learn more Law issues and concerns, then feel free to give Douglas Healy website a look.

The law does need to be as complicated as many make it seem. The more you learn, the less likely you are to fall prey to those who would break and bend the law to their whims.

How Much Does a Business Attorney Cost?

What Is a Business Attorney?

Before we begin to discover the price of a business attorney, it would prove most salient to understand what a business attorney is.

A Business Attorney helps handle certain legal matters.

Legal matters such as (but not limited to):

  • Buying and selling a business
  • Filing incorporate documents
  • Drafting and/or reviewing certain business documents

What your Business Attorney will do (assuming you hire one) is:

  • Help with business information
  • Any Business Disputes
  • Any conflicts that may, and most definitely WILL, arise
  • Make sure your business is in compliance with local laws and regulations
  • Help with international and interstate laws and requirements

How Much Does It Cost To Hire A Business Attorney?

Now, that you have a better understanding of what a business attorney is, let us get into the main objective of this article, which is how much does it cost to hire a business attorney.

The amount that you will pay for the business lawyer is determinate upon the size of your business, as well as the type of ring process you are doing.

Most Business Attorneys are hired out per hour.

And what this means is that you must pat them for their hours of work.

The amount that you will pay is somewhere in the estimated ballpark of $150 to $325 per hour.

It is essential to know that the amount that you will pay out is also influenced by the town or city you may be residing in.

It is very safe to say that if you are working in a small town in the Midwest, you will be paying as much as a person who is living in the “Big Apple” or somewhere out “In Hollywood“.

Your location will be a factor.

What will also be another factor is the amount of work that is needed by the Business Attorney.

Not all cases will demand the same timeframe, and as such, the job and tasks will also play a role in how much you will be paying.

Different Law Firms

Lastly, knowing what law firm company you will be working with will also be something you will want to consider. There are many “affordable” (and we use this word very lightly here) that can do the job for you at a price that makes it seem like a steal.

But this is because most likely these are NEW Business Attorneys trying to get their foot in the door.

It may cost more to work with a more reputable company, but you must take into consideration that you will be hiring someone to do the job RIGHT.

You don’t want to pay someone who will do the job but only cause you more headaches later on.

This is just a piece of friendly advice and something you may want to consider when hiring a Business Attorney.

Want To Learn More

If this article has piqued your interest and you would like to learn more, feel free to reach out to Douglas Healy with the link provided above

How to Manage Money When You’re Self-Employed

There are many things you can do to manage your money when you’re self-employed — things like loans, budgets, and plans that keep your spending to a minimum. There are a lot of ways to save money, budget well, and manage your money to maintain a pleasant profit at the end of each month.

Loans

There are many ways to get a loan and some reasons why there needed. Some reasons why they are needed is that you are just starting up a business, and need funds to be able to get the company up and running. Another good reason is that you need more products to sell if you don’t have the money to buy the items you need to sell, them more than likely a loan is right for you. The good thing about this is that there are numerous options to take out a loan from. The 1st option is getting money from friends or family and paying it back when you can, but that can get messy. There are hard money loans or self employed loans, this option is hard as it puts your property up as collateral, and you need the property to put it up. Another option is Private lending, and this is favorable for people with no or bad credit. The last option is bad credit loans, and this is the best loan for people with no credit or bad credit, they give you the loan with an increased monthly fee, and this works for both parties. Any of these options are good for self employed loans.

Budgeting Your Money

Budgeting your money is crucial, primarily when self-employed. A lot of people think that budgeting costs time and requires sacrifice. Those are both untrue and can lead to losing money if you decide not to budget. We’ll go through a list of everything you can do to budget your finances better. Number one is getting a budget sheet. Then when you get a budget sheet, write down your finances. The finances should include what you make, your fixed costs, optional obligation costs, and variable costs. What you make should be your monthly income, and everything else should be based on that. Second is the fixed costs, and these are things you need to pay each month, like your health insurance, car payments, house payments, rent, etc. Next is optional obligation costs are expenses that you opted into like a phone bill, cable bill, subscription, or membership. Finally, your variable costs are anything left. Any bills or purchases you’ve made over the year should be in this category, including gifts, clothes, and entertainment costs.

After all of that is put into a sheet, you need to work on your financial goals and wishes. This includes things like big purchases such as a car, house, property, stocks, retirement, or anything else. This could also be a vacation so that you have a good trip. This allows you to see how much you can save up a month for it, and know when you can take that vacation. Then prioritize your goals and don’t exclude necessities. This will ensure that you have enough money to do what you want, and you’ll be able to see what you are spending.

Managing Your Funds When Self-Employed

While managing your money may seem hard to do at first, here are some things to consider while setting yourself to a managed budget. First, and an important thing is not to underestimate your expenses. They will add up, and you need to be ready for them by setting aside extra cash to help pay for it. Budgeting your income was covered above, but it is a vital tool in helping to manage your self-employed business. Another thing to consider is to avoid credit cards, don’t use them, and don’t rely on them. Then you want to keep tabs on your taxes, record expenses so that you can write them off during tax time. Keep all your records accurate and factual. If that doesn’t help, get a lawyer to help with all of this if it becomes too much.

Conclusion

With so many options to take out loans, it’s no wonder self-employed people choose to go this route so that they can stay ahead financially. However, it’s always important to keep a record of all of your finances so that you know what you’re spending per month, and how to budget yourself to do things you love. So if you think that this is too hard, you can hire a lawyer to help keep all your information for you and help you to put everything together, or maybe a CPA to help you with your taxes and budget

13 Business Finance Terms You Need to Know

Whether you are just starting out in business or you are a well established. There are business finance terms that everyone should know. It is important to know the lingo of business in order to be successful. Now, there are countless business finance terms but for this blog, we have chosen what we see as the top 13 vital business finance terms.

1. Bookkeeping

Bookkeeping is the process by which you keep a record of all your incoming and outgoing expenses. This is vital information, as it gives you an overview of your business and can help you at tax time.

2. Capitial

If you don’t know how much your business is worth, then you are not a very good business person. The term Capital is used to reference the overall wealth of your business. It is an indication of the current and future success of your business.

3. Gross Profit

This is the term used to highlight the actual worth of the business minus expenses.

4. Depreciateion

Depreciation is the record of assets and their loss in value over a period of time. Depreciation is a good way to decrease values of assets and allows you to get tax breaks on depreciated and replaced assets.

5. Intangable Assests

An asset that is not physical, such as intellectual property.

6. Profit/Loss statement

Profit/Loss statements are used to keep track of the business expenses. 

7. Liability

Liabilities come in the form of liabilities or monies owed now, or in the future. Liabilities include wages, taxes, supplies bills ect.

8. APR (Annual Percentage Rate)

This is the amount of money each year you have to pay in interest on top of the principal balance on a loan.

9. Bankruptcy

Bankruptcy is the legal process that a business goes through, after they have gone broke, or are on the verge of. When your business fails, there is bankruptcy protections in place to protect you, and any creditors you may have.

10. Collateral

This is any asset or securities you pledge to surrender if you default on a loan.

11. Fixed Interest Rates

This is a fixed amount of interest on a loan. A fixed interest rate never changes throughout the lifetime of a loan.

12. Floating Interest Rates

Floating interest rates change with market fluctuations. This may not always be to your advantage. Rex Burgdorfer is an authority on the market and always has vital information. Check him out by searching Rex Burgdorfer Crunchbase or Rex Burgdorfer Twitter.

13. Guarantor

When you have low capital, or a low credit score, it is sometimes a requirement that you have someone who has good credit and a sound amount of capital to vouch for your ability to pay your bills. If you default on the loan, then your guarantor will be obliged to pay what is owed.

There are many more terms but, the ones mentioned in this article are, in our opinion, the most vital business financial terms to know. For more great business advice, check out a finance authority, Rex Burgdorfer Crunchbase or Rex Burgdorfer Twitter

Everything Your Business Needs to Know About Sales Tax Nexus

It is important for any business to know about sales tax. The sales tax policies can be very confusing for a businessman but it is crucial to learn everything about sales tax if you are thinking to run a business. Sales tax nexus is very important to know about for businessmen. Sales tax nexus is often explained using complicated terms which makes it very hard to understand. Nexus is now applicable to any business that has either a physical store or an online store. Previously there weren’t any taxes on online websites which made it very easy to sell things online. In this article, everything that you would need to know about Sales Tax is discussed.

How did it begin?

It started on 21st June 2018 when the USA Supreme Court passed the decision in favor of the state in the case of South Dakota VS Wayfair Inc. After Wayfair sales tax case many other states adopted this rule and sales tax started to be applied to online sales as well. Wayfair sales tax case opened a new chapter in the sales tax law. 40 states have exected the new sales tax law regarding the nexus and more states are joining on a regular basis.

Different types of sales tax

One of the most common reasons for sales tax is the physical store. Now there are many other types of businesses where sales tax is applicable. The click-through nexus applies when a retailer company hires an individual or a company to increase sales through either generating a link directing to the website of the retailer or by any other form of advertisement. The tax is payable if the individual or the company gets a commission on sales. Affiliate sales are applicable when an individual or a company works as an affiliate for a company and sales the product of that company either physically by a retail store or digitally through a website. The online market places are also required to pay their sales taxes. You can calculate your profit after doing the sales tax deduction. It is important to know about all the rules that are associated with the sales tax so you know where your money is going and also to be sure that you are following all the legal procedures.

Calculation of the sales tax

You could hire an individual to calculate their taxes. Sales tax outsourcing is a common practice for big corporates as the task is very demanding. You can search on the internet for a reputed firm or an individual for sales tax outsourcing. There are various websites available on the internet also which provides a sales tax calculator if you want to do those things on your own. There are many sales tax calculator software available too for calculating easily. You need to do a sales tax deduction after calculating the sales tax to know your actual profit.

Nexus rules can vary from state to state. If you have nexus than you owe the state sales tax. It is important to keep yourself up to date with any changes regarding the sales tax law. You should calculate both the local and the state sales tax and the charge your customers after doing a proper calculation. It is always a good idea to clearly know what sales tax Nexus is

How to Get More Patients For Your Allergy Practice with Digital Marketing

No matter what kind of business you’re running, if you aren’t using digital marketing online to promote it, then you’re missing out on a lot of extra money you could be making. This even goes for “brick and mortar” style businesses like allergy practices. The good news is that a little knowledge goes a long way when it comes to digital marketing, making it easy to get a good start and begin making a difference for your business. Let’s take a look at some of the ways you can use digital marketing to get more patients for your practice and grow your business.

1. SEO

Search engine optimization is an excellent strategy for any business that wants to get new customers online. By targeting keywords that people are already searching for, you guarantee that you get traffic to your website that’s actually interested in what you have to offer. There is even local SEO, which targets potential customers in your area. For example, Premier Allergy uses Google My Maps to let Google know where they are located so that they come up in the search results for the appropriate town. By doing this, Premier Allergy is able to get a boost in the search engine rankings.

2. Paid Advertising

Running ads online is a lot easier than you might think. Firstly there are many ad networks to choose from, such as FaceBook, and Google Adwords. While ads are more expensive than SEO, they can also be more reliable as well, allowing you greater control over how much money you put in, and what your total ROI ends up being. The thing about running ads though is that they require testing. Constant split testing of ads will yield the greatest result, and many tests may need to be done before the campaign becomes profitable. But once it does, it is a reliable source of revenue.

3.Social Media

Social media isn’t about selling, it’s about branding. This is a hard lesson for many businesses to learn as they try to use Twitter, Instagram, and other social media networks to sell on, and fail miserably. Social media is all about interacting with your base, offering helpful advice, entertainment, or answering questions they may have. If done right, this powerful branding tool will bring new customers to you, and convert existing customers into fans that will spread the word about your allergy practice on their own.

Digital Marketing is Powerful, and Profitable

Following these tips and using digital marketing to promote your allergy practice is more than just a great way to bring in more customers, it also opens the door for marketing to them on the back end as well. Once you have their contact info, you can market to existing customers through email, text, and other methods. You can increase profits by sending notifications to patients about upcoming appointments so they don’t no-show and have to reschedule, and you can pitch helpful products to them that they may be interested in. When it comes to digital marketing, the only limit is your imagination.

Business Lessons That Can Be Learned From Donald Trump

Donald Trump, who has a history of puffery dating back decades as a mogul of what turned out to become bankrupt casino’s and also many failed real estate deals, is a supposed billionaire, although both Forbes and Vanity Fair have seriously questioned how much money Trump really has, and wonder if, in part, that’s why he refuses to release his taxes.

But according to Jake Novak, a former CNBC producer, and political analyst, the one thing Trump has going for him, Why Trump’s poll numbers are defying the impeachment Mess is Trump’s deep distrust of government and the status quo.

As a consequence, Trump will gut environmental policies and encourage coal, one of the dirtiest energy sources, because the effects are immediate, not 10, 20, or 30 years ago.

So, whether you like or hate his immigration policies, his proposals to build an unclimbable wall between Mexico and the US or the trade wars with China, Trump’s instincts, where are to act now, rather than layout better though plans to be implemented in three years, is the hallmark of his popularity. People don’t want to wait for change.

David Urban, a commentator for CNN, echoed that sentiment in an article for Trib Live, at Trump’s PA popularity, is no accident argues the profound effect Trump’s policies have had on the Pennslyvania economy, outweigh all the negatives. And David Urban has a genuine point.

Authenticity and thick skin

Writing in Forbes about Trump’s Strengths and Weaknesses, writer Sally Percy notes that in a world where most people are inauthentic, there is rarely any guessing with Trump about what he thinks. Polarizing as that may be, many people find that to be Trump’s greatest strength.

Putting the nation first

Trump full believes that America should stand head and shoulders above every other country in everything from trade to the military. This vision has ruffled many people, not only in this country but world leaders throughout the world who believe in a more collaborative approach.

Does this mean Trump is right all the time? No, and it’s doubtful whether Trump believes it either. But Trump has a “Shoot for the Stars” and you just might “hit the moon approach to leadership. Not only do enough people share that vision, but this same approach has often worked for other business magnates in other fields.

Be the center of attention

Trump has also learned from many successful business leaders such as the late Steve Jobs, that taking credit for everything does pay off. Though others may collaborate, he realizes in the age of 30-second news stories, the desired output is to quickly lay out the winners and the losers in any issue. Trump wants above all to be seen as a winner.

Trump believes in himself so others will too

Trump is continually harping on how strong and intelligent he is, and people, way back as far as Hitler, Mussolini, and Stalin have been drawn to such power. Whether it makes sense or not, Trump honestly believes if he is strong enough, nothing he does, or says will matter. We’ll see in the future how valid that philosophy continues to be

How to Find a Reliable Tech Support Company For Your Business Computers

Business computers are so essential to modern business that there is hardly a company or organization that does not have dedicated IT staff to swap out computers, add hacker add virus protection, ensure you have all the necessary bandwidth you need, monitor the health of computer servers to be sure they don’t go down, and many other procedures.

The problem is the vast majority of IT geeks, live and speak in such technical terms, that they aren’t really much help in walking workers through solving their software problems, and software manufacturers are pretty much in the same boat. Their head is so much in the clouds, that they simply can’t even utter the words, “turn off your computer.” Rather they might say, “we need to do a complete hardware reboot in order to see if the software’s internal structure will correct the problem.”

Tech support is vital to customer satisfaction

As reported by a blog for Super Office CMO Council Report the Chief Marketing Council, a group of over 15,000 executives, technical support and assistance, far exceeded any other category in how companies can improve the customer product experience.

Extreme reliance on tech support outside their company

At the same time, Insight.com reported that while small businesses are increasing spending on both business hardware and software at a rapid pace, 27 percent of small businesses do not have any IT support structure in place.

This means, in essence, they rely on software manufacturers to resolve their problems.

Third-party tech support to the rescue

The above situations are why many software manufacturers increasingly rely on third party tech support specialists like Tech Live Connect for their tech support.

Headquartered in Singapore, they offer levels 1, 2, and 3 software support to hundreds of companies, and have trained engineers and certified tech specialists, who speak English, French, German and Japanese.

Best of all, Tech live support, has strict standards for its employees and does not tolerate anything unethical or shoddy from its support agents and engineers.

Live experts answer the phone, and in case of a major glitch or problem, dedicated ques can be set up so that phone calls from customers experiencing the current glitch can be separated from customers experiencing other problems.

Tech Live Connect agents follow strict process procedures, and all live agents receive detailed training on the software they are supporting.

In particular, support agents are trained to assess the level of technical expertise by callers, and neither speak in too technical terms, for those who have a low level of knowledge and need a great deal of hand-holding, while not speaking in too simplified language to those who are more technologically sophisticated.

Tech Live Connect agents also are trained to determine how deep the problem with the software is and to bump it up to level 2, or even level 3 if the problem is very serious.

In this way, both end-users, as well as manufacturers, get the best technical support level experience possible, and in the case of manufacturers, key personal can concentrate on vital jobs within the company while not worrying about technical support.

Why Becoming a Consultant Is a Smart Move For Experienced Business Owners

How long have you been in business? There is a way to monetize your experience despite the model or niche. The better you get at it, the more opportunities you will create.

Consulting can turn into a source of income and requires no money to start. It can get you paid quickly and is easy to scale once you understand how it works.

The Brief Evolution Of Consulting

Consulting services have existed for more than a century. A few decades ago, information was not so abundant. Digital marketing was just starting.

It was uncommon to have a mentor to help you to achieve your goals. In most cases, consulting was about knowledge and strategy.

The current business model is more dynamic because of technology. Information is everywhere. It is far more valuable to have someone teaching you how to use it and why.

The consultant Pedram Zohrevand claims that consulting has evolved to leadership. Consultants who succeeded in their careers are also proof that their teachings work.

Although this service is more useful in technical fields, there is no exception when it comes to the model itself. Consulting is about trusting the expert advice to reach a goal.

Why is it smart to become a consultant?

The benefit of this model is that you can scale your business based on your skill. Typically, it requires no investment other than experience.

The advantages of consulting are worth considering. Because it depends on skills and experience, the economy cannot affect it.

The difference between money and skills is that the latter cannot be spent. It works the opposite. The more you use your skills and knowledge, the better they get.

Another opportunity is automation. Unlike traditional consulting, the Internet offers many ways to help others without spending time. Of course, that is the definition of passive income.

The moment he understood the value of consulting, Pedram Zohrevand focused his business approach on it. Clients get one-on-one support, and the brands improve their trust.

Consulting can become highly profitable when oriented to high-income skills. There is nothing better than getting paid to help someone to make more money.

Copy-writing, advertising, sales, and public speaking are some of the most valued skills in the market. If you are an experienced business owner, it’s a smart move to do consulting.

Smart ways to start a consulting business

The business model will change based on your interests. Are you looking to increase your income? How about having more free time?

Most people are unaware of the leverage opportunities for consulting. Depending on the target, there are two types you can use.

One-on-one consulting is, certainly, the most performing model. Although you spend time using your skills, the client receives the most customized service possible.

The problem of this personal approach is scale. Your time limits your number of clients, and so your income. There are two ways to get more clients, which is reducing service quality or doing public consulting.

The latter is a generic approach to a community where you solve their problems. It could be an online group or a subscriber list.

What if you could use both? The public model is perfect for marketing while the personal one could work as the offer.

As long as you have trust with your audience, you will be an excellent consultant.

Hallie Gay Walden Bagley Was Interviewed On Rookstool Interviews

Hallie Gay Walden Bagley

Hallie Gay Walden Bagley was recently featured on Rookstool Interviews where she discussed how her past jobs prepared her for her current career.

My favorite story about the Paris Review preparing me has to do with my boss, George Plimpton, Editor in Chief. George was a former Harvard English major and editor of the Harvard Lampoon and to my mind, he was a genius editor. I would try to edit short stories before giving them to him, and he would red pencil the very same short story and I would see how much of a structural editing genius he was: he would take three paragraphs from page 5 move it to page 1 then take two sentences from page 2 and pile them into the middle. He knew how to change the structure of a piece. Then I had to transfer his edits into the final magazine so I like to say that I had a double PhD in editing because not only did I try to edit first, but then I got to study the talented edits of a true master because of the transcription of his work into the literal magazine. Now when I approach a piece of writing, I like to think of writing as sculpture and try to put a scaffold up against it that will enable strong pure edits.

Hallie Gay Walden Bagley, Rookstool Interviews

You can read the full interview by visiting: https://www.rookstoolinterviews.com/hallie-gay-walden-bagley/

The Importance of Health and Safety in the Workplace

A business can only be as productive as the production of employees allow. Workplace safety is extremely important for every employee, and health is one of the main factors that help organizations promote wellness for all who occupy the work space.

For everyone who enters work, they should leave in the same healthy manner in which they came. Health and safety procedures are important for the wellness of employers and employees alike, and its importance cannot be understated. Here are some reasons as to why health and safety in the workplace are incredibly important.

Creates Environmental Awareness

To many employees, where they work is simply a building in which they occupy. However, this can predispose to a nonchalant attitude towards potential hazards that exist in the environment around them.

If employees are adequately trained and educated on how to remain safe in their work space, that will exponentially reduce the risk of workplace injuries and take precautionary steps if necessary.

Reduces Stress

Certain employees may have a difficult time being productive because of the stress that they may go through while working. Whether it is working long hours, conflicts with co-workers or the general stress of meeting the demands of the business, stress will create a nuisance in both business and personal lives.

In order to reduce stress, a healthy environment should be promoted. Usually this entails taking care of oneself outside of the workplace. Whether this is meditation, getting consistent sleep or exercise, there are plenty of stress coping mechanisms available that can be used. For more information on the importance of a functional work environment, you can visit Robert Butchike for further details.

Can Be Financially Costly

Many businesses underestimate the financial toll of not focusing on health and safety in the environment enough. The value of the business can be adversely affected if accidents were to happen because not enough attention was paid to a specific issue.

Improper management of safety features and inadequate education towards the employees are some of the indirect causes of accidents. If something were to happen to an expensive piece of equipment, then this can cause thousands of dollars worth of damage.

An even bigger financial catastrophe could take place if a worker were to get injured on the job and sue the organization for negligence. In that situation, not only would money be wasted on having to find adequate legal representation, but if one were to lose, the financial setbacks can be gargantuan.

These situations could be avoided with proper attention and care to health and safety.

Increased Production

At the end of the day, what’s important for a business is to have high productivity. Employees are the backbone of a business, as the future of any organization counts on them to be a top working condition.

If there is an environment of unfit people or hazards all around increases, productivity and profits will decline. This is a dangerous indirect relationship to avoid.

Organizations should be inspired by these scenarios to emphasize a safe environment. Robert Butchike has more resources on these topics that can be helpful to any organization