Choosing the Best Ownership Structure for Your Business
The right structure corporation, LLC, partnership, or sole proprietorship depends on who will own your business and what its activities will be.
When you start a business, you must decide whether it will be a sole proprietorship, partnership, corporation, or limited liability company (LLC).
Which of these forms is right for your business depends on the type of business you run, how many owners it has, and its financial situation. No one choice suits every business: Business owners have to pick the structure that best meets their needs. This article introduces several of the most important factors to consider, including:
Why Should You Treat Employees Like Your Best Customers?
In a competitive market, customer loyalty is everything. Keep your customers coming back for more and encourage them to become loyal brand advocates, and profitable growth is a given.
The same is true of employee loyalty. Your staff is on the frontline, serving customers, or they’re supporting customer experience behind the scenes. They represent your brand and bring it to life. And their personal experience of your brand follows the same journey as your customer’s.
So let’s see how you can improve that experience at every moment of truth, from hiring on wards. Because if you do, you’ll have happy, engaged employees – which means they’ll be more productive, efficient and loyal, and they’ll become your best brand advocates.
Anyone who has been involved in the turnaround of a business will appreciate the magnitude of the project facing management. Expert advice and depth of experience are essential in managing a successful restructure, which can often take many months, or even years to execute.
What Steps Can Be Taken To Better Protect Confidential Information?
Develop written confidentiality policies and procedures: Every business/organization should have a written confidentiality policy (typically in its employee handbook) describing both the type of information considered confidential and the procedures employees must follow for protecting confidential information. At the very least, we recommend employers adopt the following procedures for protecting confidential information: