![How to Create a Business Partnership Agreement [+ Free Template]](https://fitsmallbusiness.com/wp-content/uploads/2017/11/How-to-Create-a-Business-Partnership-Agreement-with-Free-Template-300x200.png)
A business partnership agreement is a contract between partners that contains terms like the business’s purpose, partner contributions and voting rights. A partnership agreement isn’t required to form a general partnership and doesn’t have to be filed with your state. However, have your partners sign one to create a legally enforceable document for resolving disputes….
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How to Set Up an LLC on LegalZoom in 7 Steps
An LLC is a business structure that provides its members tax and liability benefits. Filing LLCs is a state-specific process, so it’s important to draft accurate articles of organization with your state. You can file an LLC yourself, but we recommend hiring an attorney or legal service to show you how to set up an…
How Much Does a Patent Cost? Types, Factors & Ways to Save
Common patent costs include legal, filing, and maintenance fees. Filing and maintenance fees range from $50 to $700 and $400 to $7,400, respectively, depending on the type of patent. Patent lawyers charge from $1,000 to $10,000-plus depending on the patent type and complexity. How much does a patent cost? Total costs range from $1,500 to…
5 Pros and 5 Cons of an LLC
Limited liability companies (LLCs) are the simplest and most inexpensive business structure in the United States. The pros and cons of LLCs include being easy to form, protecting owners from personal liability, and offering flexible tax options. However, LLCs also make raising money difficult and can misalign owner tax burdens and their earnings from the…
Free Independent Contractor Agreement Template & What to Avoid
An independent contractor agreement is a legal document between a business and an independent contractor, freelancer or subcontractor. It’s an all-encompassing document that outlines the details of the work to be performed, terms of the agreement, deliverables, compensation and any additional clauses. In this article, we’ll provide you with a free independent contractor agreement template to…
Partnership Agreement Checklist
The below checklist is designed to be used in conjunction with “The Ultimate Guide to Business Partnership Agreements“. Print a PDF of this Checklist Decide if you need a lawyer or start with a template Business name(s) and purpose Learn More Partner areas of responsibilities Learn More How much time each partner will commit Learn…
Self Employment Tax Rates 2017 & How to Lower Your Tax Bill
As a self employed person, you have to pay both the employer and employee portion of your Social Security and Medicare taxes, known as “self employment taxes.” If you make $400 or more in self employment income, you will pay between 15.3%-16.2% in self employment tax on up to 92.35% of your income. You can…
Free Employment Contract Templates and When To Use Them
An employment contract is a written agreement documenting the shared rights and responsibilities between your company and a W-2 or 1099 contract employee. It’s typically used when bringing in higher-level management employees, short-term contract employees, or freelancers. As a document signed by both parties, an employment contract is enforceable in a court of law. In…
Trademark Costs: DIY Registration vs. Online Service vs. Lawyer
Registering a U.S. federal trademark will likely cost between $225 and $2,000. The trademark cost if you file yourself will cost at a minimum of $225. The trademark cost using an online service will cost around $500. The trademark cost using a trademark attorney will likely cost around $1,500 to $2,000. If you want to…
Rest Break & Lunch Break Laws – What Employers Need to Know
It may come as a surprise to know that the US Department of Labor (DOL) does not require employers to offer rest breaks or lunch breaks to employees. However, if offered, the employer must clarify the duration and frequency of break time. In addition, rest breaks are considered paid time, whereas lunch breaks are not….
Employee Handbook: Free Template & Essentials to Include
An employee handbook or manual serves as an introduction to the business, and a reference for any questions your employees may have. In addition to informing employees of their workplace duties, the employee handbook provides information on key policies, such as benefits, dress code, and work schedules. In this article, we’ll provide you with a…
LegalZoom vs Rocket Lawyer – Review of The Best Online Legal Services 2018
LegalZoom and Rocket Lawyer both provide business formation, legal documents, and subscription-based access to legal advice. If you need any of these services both can be a good alternative to a traditional lawyer. If you are using a lot of legal forms we recommend going with LegalZoom as they are less expensive and higher quality….
