What Parts of Your Business Should You Evaluate Before Expanding Overseas?
After becoming successful, many companies to expand their business operations globally. In the US, most entrepreneurs fail within the first five years, so if your business is still standing—congratulations! As a result, you might think because your business is successful here in America that you can easily spread your business out to the rest of […]
AB 5 and the Independent Contractor
AB 5 and the Independent Contractor In December 2019, the Governor of California, Gavin Newsom, signed into law Assembly Bill 5, which drastically changes how most businesses classify independent contractors. A worker is more likely to be classified as an employee instead of an independent contractor. Although the impetus for this law was to […]
Does your business act like a business?
Don’t say we didn’t warn you, but the implementation of new tax regulations may cause many business owners to lose their business deductions when their “business” is reduced to a mere hobby. Budding entrepreneurs need to ensure their business is set up correctly. Meanwhile, existing business owners need take a magnifying glass to their business […]
Business Safety Requirements You Shouldn’t Ignore
As a business owner, you understand the plethora of risks that are placed on not only yourself but your company as well. The most important of areas to have a risk assessment conducted on is on your safety requirements. A common mistake made within a variety of “low risk” jobs such as you would find […]
Event Space for Your Small Business
Hosting events for your small business is a great way to bring your team together, gain exposure in the community, and network with industry partners. Whether you’re planning a training, networking, or some other type of special event, it’s vital that you make the most of it. To help you plan the perfect event, here’s […]
How Data Analysis Can Improve Your Small Business
If the term “data analysis” seems frighteningly out of reach for your small business, let us clear up how it can be of help. We are also a small business and often find ourselves dealing with an overwhelming amount of data, or options, and we feel like it’s getting out of hand. So data analysis […]
Are Your Hiring Practices Guilty of Accidental Discrimination?
Workplace discrimination has always been a hot subject. Yet, in today’s progressive society, employers need to be more conscious than ever in how they hire. By focusing your attention on equality and integrity during your hiring process, you can eliminate accidental discrimination. This will ensure you’re hiring the best candidate for every position. Avoid accidentally […]
How Much Protection Does Your Business Actually Need?
If you own a business, you need insurance to protect it. The world is unpredictable. Although you can take some precautions, you cannot control or prevent every problem. An unexpected weather event can damage your main facility. An unforeseen problem can injure someone using your product. Even as attorneys, we have malpractice insurance. The amount […]
4 Ways to Scrape Up Extra Funding for Your Business
Searching for additional funding for your business can feel like a business within itself. With so much information available, it can be overwhelmingly time-consuming to comb through it all to figure out which sources are credible and worth your time. Read on to learn four ways you can find extra funding for your business. 1. […]
4 Assets That Can Help You Scale Your Startup
Just because you have a small-scale business operation doesn’t mean you have to forego a professional look and feel. In fact, securing a professional appearance is essential to the successes of all small businesses. Consider using these four assets to help your small business project a confident and high-level demeanor. A Professional Phone Number Voice […]
4 Ways to Build a Socially-Responsible Business
Customers are increasingly choosing to patronize businesses that aim to do the right thing and act responsibly. People are now basing purchasing decisions in part on a business’ behavior. Here are some ways that your business can be more more socially responsible. Be Active in the Community Participating in the wider community through both charitable […]
Which Comes First? State Registration or Federal ID Number?
Did you ever wonder which came first, the chicken or the egg? Similarly, you may have wondered if you should be filing your company with the State or with the Federal Government first? Or perhaps they’re just one and the same? They are not. There is an order which you should follow, but consultants offering […]
The 3 Benefits of Improving Workplace Safety
Workplace safety is important for employees and businesses alike. Without it, chaos takes over and employees tend to trust their employers a whole lot less. Here are three benefits of improving the safety of your workplace. Improved Employee Morale The definition of morale, according to the Merriam-Webster Dictionary, is the confidence, enthusiasm, and discipline of […]
4 Characteristics of Wildly Successful Startups
If you’ve studied successful startups, you might think that what makes a startup take off or remain permanently grounded is just luck–or a fluke. While all startups are unique, and there’s no guaranteeing that one will be a success, there are certain characteristics of startups that help them succeed better. Here we list the characteristics […]
Scheduling a Meeting for Your Startup? 3 Locations to Consider
Startups already have it tough without having to worry about where to meet–those coffee house meetings get expensive after a while. Entrepreneurs have enough on their plate, between gathering financial resources and pitching projects, to have to worry about what address to send people for the next meeting. If you have a startup, you understand […]
How to Plan for These 5 Deadly D’s of Business Partnerships
Your partnership may be going along smoothly without a worry in sight. However, it’s important that you and your partner talk about what you would do in the case of certain events. Some of the subjects can be difficult to talk about, but it is better that you are prepared for whatever may happen. Disinterest […]
3 New Changes for H1-B Filers in 2019
Here at Lum Law Group, we have already begun preparing H1-B petitions on behalf of our clients. If you plan on filing this year, do not wait till mid-March (it might be too late!) Contact our office for answers and assistance on filing your H1-B petition this year! On January 31, 2019, DHS has issued […]
How Can I Lock In My Business Name So That No One Else Can Use It?
A “Mompreneur”, a mom who is also an entrepreneur, recently asked how she can lock in her business name so that no one else can use it. She is in the early stages of starting her business and isn’t ready to have a sign on the door or even a website. She had many, many […]
5 Things to Consider When Deciding Between Renting a Co-working Space and a Traditional Office Space
We at Lum Law Group know many who have ventured into the modern world and signed up for the modern working space. Instead of hiring an agent to find a traditional office space, negotiating a one to five year long lease, and waiting months to move in, a co-working space can start you in their […]
Top 3 Differences between a Sole Proprietor and a Single-Member Limited Liability Company (LLC)
If you’re a one-man (or woman) business, you might wonder whether you should continue operating as a “sole proprietor”, or register as a single-member Limited Liability Company (LLC). Since both business entity types are for a single owner, we will cover the top three items you should consider in deciding between sole proprietorship and single-member […]
