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Employment Probation Period: Definition, Template & How to Implement
An employment probation period, referred to as a probationary period, is a time frame used to determine whether a new hire will work out. If set up incorrectly, however, a probationary period can violate labor laws and employer rights. For instance, some states make it illegal to postpone sick leave until after the probation period….
Free Independent Contractor Agreement Template & What to Avoid
![Free Independent Contractor Agreement Template [& What to Avoid]](https://fitsmallbusiness.com/wp-content/uploads/2018/03/Free-Independent-Contractor-Agreement-Template-What-to-Avoid-300x200.png)
An independent contractor agreement is a legal document between a business and an independent contractor, freelancer or subcontractor. It outlines the details of the work to be performed, terms of the agreement, deliverables, compensation, and any additional clauses. If you want an easy way to send, receive, and update employment contracts as well as onboard…
Internal vs. External Recruiting: Tips, Tools & Benchmarks
Internal recruiting is hiring and promoting candidates that already work for you. External recruiting is looking for new hires outside your organization. Therefore, internal vs. external recruiting isn’t really an either/or situation as most successful companies typically do both. It is in a business’s best interest to look at all recruitment options. Whichever recruiting method…
3PL Definition & How Third Party Logistics Companies Work
Third Party Logistics (3PL) companies handle outsourced procurement, transportation, and distribution functions for client companies. Some focus on specific segments, like product sourcing or freight shipping. Others fill multiple needs, like warehousing and distribution. We’ll explore how different 3rd party logistics companies work and how to choose the right 3PL solutions for your ecommerce business….
Real Estate Referral Fees — Rates, How they Work & Free Contract Template
Real estate referral fees are fees paid when one agent or broker refers a client to another agent or broker based on the eventual commission when the sale closes. Real estate referral fees range from 20% to 35%, but the standard fee is about 25% of the earned commission. The reason for a real estate…
RESPA Violations: Definition, Examples & Penalties
RESPA (Real Estate Settlement Procedures Act) is a law passed by Congress in 1974 to curb unethical practices and consumer abuse in real estate settlement charges. Before RESPA, real estate professionals and closing service providers routinely abused consumers with unnecessary fees to close on their homes. RESPA requires servicers of home loans, mortgage brokers, or…
Facebook for Realtors – Generate Leads in 5 Steps
Facebook can be one of the most effective tools in a Realtor or real estate agent’s arsenal for generating leads. Learning how to set up your page, use posts to enhance engagement, join groups, and use paid advertising will put you ahead of the competition and in front of your target audience. In this article,…
Self Directed Solo 401(k) for Real Estate Investing: The Ultimate Guide
Self-directed Solo 401(k)’s, aka checkbook 401(k)’s, are retirement plans for self employed individuals or business owners without any full time employees other than a spouse. A checkbook 401k enables you to invest in real estate via rental property, house flipping, and more, while still receiving the tax advantages of traditional 401(k)’s. What a Solo 401(k)…
Self Directed IRA for Real Estate Investing: The Ultimate Guide
A self directed IRA (aka checkbook IRA) is a tax-deferred individual retirement accounts that people use to invest their retirement funds in alternative assets like real estate. They offer the same tax benefits as other IRAs but have more flexibility when choosing your investments. Only select institutions offer these self directed IRAs. Enjoy checkbook control…
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…
Debt to Income Ratio: How to Calculate & DTI Formula
The debt to income (DTI) ratio measures the percentage of your monthly debt payments to your monthly gross income. For example, if your monthly debt payments are $3,000 and your monthly gross income is $10,000, your DTI ratio is 30%. Lenders check this during the application process and typically require a DTI of 43-50% or…