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Most business owners think if their business partner files bankruptcy, they aren’t affected. The partner was supposed to shoulder 50% of the business risk, and his personal guaranty is meant to support 50% of the outstanding loan balance, right? Wrong.  

Being a success starts with caring for the people who work for you. When you show genuine interest, care and attention, your employees will go to bat for you when you need it.

When outstanding debt for $600 or more is discharged, you’ll receive a 1099-C debt cancellation income notice from that creditor, and that amount must be filed as “other income” on your federal tax returns. You are not automatically responsible for paying income taxes on the 1099-C income, but here’s what you must know to avoid it.

When deciding what type of expansion to employ, the decision comes down to a matter of preference, strategy, opportunity, market dynamics and the availability of capital to support the growth requirements. This article will help you choose the right path.

Follow these tips to make your team happy, hardworking and effective.

How to anticipate and prevent a downturn in profitability.

A 50-50 partnership often ends up creating more problems than it solves. Here’s why.

Take these tips into account when setting up your commission rates to achieve numbers that work for both your valued employees and your bottom line.

This article outlines the pitfalls of the various types of debt consolidation and offers an alternative solution to your debt troubles.