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To Insure or Not To Insure…There is No Question
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Posted by: SBOC Team, Jun 27, 2011

Insurance is often an overlooked priority for small businesses due to cost considerations and the complexity of the coverage landscape. Different types of insurance have confusingly similar names.  Your state, town, or county may have its own insurance requirements and many industries have coverage specific to them. In fact, the Insurance Information Institute estimates that about 40 percent of small business owners carry no insurance whatsoever. All enterprises need to protect themselves...
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Legislative Update
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Posted by: SBOCTeam-KhWmv, Apr 21, 2010

What do the recently passed Health Insurance Reform and Jobs bills mean for my small business? By Reed Richardson Within the past month, Congress and the President passed two pieces of legislation-one minor, one major-that have elements specifically targeted at helping small businesses. But few entrepreneurs have the time to sort through legislative bills to find out just what the potential benefits are and when they might kick in. So, we've done it for you. Here, in nuts and bolts form, are...
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Start-Up Series: When to Hire a Lawyer
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Posted by: SBOCTeam-KhWmv, Feb 19, 2010

Though their profession isn't always the most popular, business attorneys offer a range of critical services for small business By Morin Bishop There are a host of reasons why small business owners might be averse to consulting an attorney. First, of course, there is the sometimes negative view the American public holds of the legal profession in general. Fairly or not, many Americans just don't trust lawyers. Second, there is the natural tendency of independent-minded entrepreneurs to...
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When Good Business Plans Go Bad
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Posted by: CommunityTeam, Jun 5, 2009

Preparing for the worst will keep you functioning at your best By Max Berry Every entrepreneur goes into business hoping for the best, but this doesn't mean you shouldn't be prepared for the worst. Whatever business you're in, there will always be a number of things that, at any given point, could go wrong. Developing a contingency plan-or several of them-will help you survive the bad times in minimum time and at minimum cost. It will also make your business stronger as you get back on...
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Cutting Heath Insurance Costs
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Posted by: SBOCTeam-KhWmv, Dec 2, 2008

By Christopher Freeburn Escalating premiums are forcing many smaller businesses that offer group coverage to scramble for ways to cut costs. These usually involve tactics that may be necessary to keep your business's bottom line healthy, but will likely prove unpopular with your workers. Start by cutting back on specific benefits, by eliminating dental or vision care coverage, for example. Alternately, you can consider increasing the co-payments employees must pay when visiting physicians...
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Disaster Recovery
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Posted by: SBOCTeam-KhWmv, May 9, 2008

Don't be catch unprepared for the worst case scenario By Chris Freeburn A small business's survival can mean more than weathering the economy's ups and downs, or attracting consumer interest. Sometimes it means recovering from disaster. That disaster can come in the form of a fire that rips through your office, or the building housing it, a flood that soaks the business district in which your company is located, or a tornado or hurricane that batters your city. Such calamities can leave your...
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ARE YOU COVERED?
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Posted by: SBOCTeam-KhWmv, Jan 22, 2008

Too many small business owners fail to purchase business insurance or do so without knowing the details of their coverage Choosing the right insurance to protect your business from potential disaster should rank alongside selecting a location or buying office equipment as among the most critical decisions a business owner has to make. Unfortunately, too many small business owners are so intimidated by the prospect of having to wade through complicated insurance offers, coverage options, and...
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Love Your Lawyer
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Posted by: SBOCTeam-KhWmv, Jan 2, 2008

Be sure you understand the critical role of a business attorney to your company's success It's hardly a secret that some people dislike lawyers. It's also no secret that many of the same people end up hiring lawyers when things don't go their way. Small business owners are no exception. Hiring a lawyer means spending money, for one thing, and most businesspeople would much rather forgo any expense they consider unnecessary. Lawyers also tend to bill by the hour, which can sometimes lead to...
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Thinking about Inc-ing?
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Posted by: SBOCTeam-KhWmv, Dec 19, 2007

The new year is a good time to take another look at your business's formal structure As the new year arrives many entrepreneurs find themselves wondering if their small business structure is the right one, both fiscally and strategically. So, to help you decide whether or not your company is ready to take the next step in terms of incorporation, we've prepared a quick primer on three popular business organizational structures. Limited Liability Company (LLC) Started nearly 30 years ago as a...
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Nothing But Coverage
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Posted by: SBOCTeam-KhWmv, Oct 19, 2007

With costs rising in every category, insurance again tops the list of small-business woes. By Reed Richardson But carriers and small businesses can lessen the pain by getting creative. When Benjamin Franklin said, "In this world, nothing is certain but death and taxes," he obviously wasn't thinking about running a small business. If he had, insurance would have been right up there. Many small-business owners treat insurance as a necessary evil, the annual visit to their agent ranking just...
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Controlling Worker’s Comp
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Posted by: SBOCTeam-KhWmv, Jul 29, 2007

Consulting with a professional to improve workplace safety can keep worker’s comp costs to a minimum By Chris Freeburn Mention the term “worker’s compensation,” and a shudder runs up the spine of many small business owners. Between the ever-increasing premiums and the indirect costs due to lost time and decreased productivity, expenses associated with worker’s compensation claims can now have a major impact on almost any small business’s bottom line. A sense of helplessness in the face of...
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