Every business in Oregon—even those with just one employee—is subject to the Oregon sick leave law, which requires up to 40 hours of sick time off per employee during a year. The sick leave may be paid or unpaid, depending on the size and location of your company. Even if your company is not located…
Ultimate Guide
Wildfire Insurance in California: How To Navigate, Costs & Coverage
The recent wildfires in California have unfortunately devastated communities and businesses alike. As a small business owner in California, it’s crucial to understand your insurance coverage, how to file a claim, and what to expect once you’ve notified your insurance carrier.
Wildfire insurance in California or any other state is not a special type of policy. Any type of fire (including a wildfire) is a named loss covered under a standard commercial property policy. Commercial property insurance can be purchased either as a stand-alone policy or bundled with several other policies in what’s called a business…
What Does Cyber Insurance Cover?
Whether it is a health system, municipal government, or a local small business, the news is increasingly filled with stories of a business suffering a data breach and being hacked. While cyber insurance cannot prevent a hacker from trying to hold your business hostage, it can help your small business respond to a cyberattack and…
Massachusetts (MA) Business Insurance Guide for Small Businesses
Massachusetts, one of the oldest states in America and a key part of American history, is home to an economy driven largely by small businesses. Massachusetts business insurance keeps over 700,000 small businesses running in The Bay State when they encounter a loss like a storm or fire or face a lawsuit from another party….
Independent Contractor Taxes: The Ultimate Guide
Independent contractors pay federal, state, and local taxes. At the federal level, independent contractors are subject to income tax and self-employment tax on their net earnings. Most independent contractors also pay income tax in the state where they live and work. In addition, some cities and counties assess additional business taxes, along with fees for…
FedEx Routes for Sale: The Ultimate Guide
If you want to become a business owner and are looking for the right opportunity, purchasing a FedEx route may be an option. Owning and operating a FedEx route enables thousands of independent business owners to keep the FedEx machine running smoothly. These entrepreneurs hire and train delivery personnel, purchase and maintain vehicles and other…
Workforce Planning: Definition, Key Phases & Best Practices
Workforce planning ensures you have the right people in place that meet your budgetary and skills needs. Learn the key phases of workforce planning and my recommended best practices.
What Is Workforce Planning? Workforce planning involves analyzing and forecasting the need for talent in anticipation of future business demands. It is a strategic process that aligns human resources needs with overall business goals to help you identify skills gaps and talent shortages before they become a critical issue. Rather than viewing workforce planning as…
Apartment Building Financing Options For Business Owners
Financing an apartment building can be done in several ways. Apartment loans are a type of multi-family financing that assists with the purchase or refinancing of an apartment building. These include loans that are government-backed, offered by a bank or other lending institution, or offered on a short-term basis. Each has varying terms of eligibility…