1. Money

Legal Issues and Business Structures

There are many legal considerations of setting up and running a consulting or freelance business. From deciding on the best organizational structure to understanding what makes a contract binding, explore these resources to find information on important legal issues.

Insurance for Your Home-based Consulting Business
Many times, consultants working from a home office assume that a standard homeowners policy will cover losses related to a home-based business. Unfortunately, that is not the case. To mitigate your risks, make sure you understand these three important insurance poilicies for home-based business professionals.

Benefits of Developing a Written Contract
A written contract is more than a binding legal agreement. Among the many benefits of a signed document, it is an opportunity to define the client-consultant relationship. Learn more about the advantages of putting your terms in writing.

Locating the Ideal Partner
Once you decide to add a partner to your business, how do you find the right candidate? Sometimes it's a matter of knowing who to turn to for help.

Choosing the Right Business Partner
Adding a partner to your consulting firm is a smart way to expand the business. There are no guarantees the strategy will work, but you can increase the chance for success by taking time to choose the right partner. In this article by Mark Minassian, About Guide for Business Law/Taxes:US, you learn the traits of a good partner.

Keeping a Small Business Covered from the Unexpected
Whether you work from a home office or lease professional office space, serious problems can strike without warning. Is your business covered? About.com contributer, Tiare Rath explains why it pays to do your homework before investing in business property insurance.

Organizational Structures for Businesses
S-Corp, LLC or Sole-Proprietor are only three of the various legal structures for a business. This article by Scott Allen provides a good overview of all the different organizational structures.

A Guide to Payroll Taxes and Compliance
Whether you have one employee (yourself) or many, your company is responsible for paying payroll taxes. Find out what the basic payroll requirements are to stay in compliance with the IRS.

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