Category: Corporate Governance

5 Reasons You Need Standard Operating Procedures

Standard operating procedures (SOPs) are detailed instructions describing the procedures for carrying out recurring business tasks. At first, creating SOPs for your company’s processes might not seem very important. After all, if it’s just you and a couple other people doing all the work, creating step-by-step instructions for each key task might seem like a [..]

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Cutting Corners With Contracts Can Cost You

Running a company is a massive responsibility, so putting a lot of thought and effort into your contracts might be pretty low on your list of priorities. But giving short shrift to your legal agreements can cost you big time—and in more ways than one. In order to save time and money, you may be [..]

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Should Your LLC Hold Annual Member Meetings and Keep Minutes?

Should Your LLC Hold Annual Member Meetings and Keep Minutes?   Many entrepreneurs structure their businesses as limited liability companies (LLC) because like corporations, LLCs offer personal liability protection for their owners. But unlike corporations, LLCs are not legally required to adhere to many of the same corporate formalities required of corporations. Given that LLCs [..]

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Overcoming Small Business Challenges through Operational Strategies

Overcoming Small Business Challenges through Operational Strategies As with so many things in life, some of the same qualities that help small businesses succeed, can also lead to their demise. Fortunately, much of that risk can be lessened through operational excellence. For example, the owners and managers of small businesses often know each other before [..]

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