Hot Business Tips

ZeeZee asked:


As a small business, I’m finally getting around to looking at business insurance. God forbid I should get sued, but that would be the only reason I would get insurance at this point.

If I get sued (assuming I did nothing wrong that would terminate coverage), what are my responsibilities with regard to paying legal fees? What role will the insurance company play or what control will they have in the litigation process?

rlc_60504 asked:


If a small business hires either independent contractors or another business to perform work for them, what steps should that business take to make sure that the completed product is legally owned by the business and not the entities or individual employed to create that product? Pointing me to resources on this topic would be greatly appreciated. Thanks!

***Nicole*** asked:


I need help. I am a senior in high school and I am going to attend college this fall. I need help deciding my major. I know I want to go into business. I’m stuck between marketing, finance and accounting. I have always imagined working in a large sky scarper building, dressed in business attire, traveling, speaking at meeting and possibly traveling. Help me please. Give me details on each.

Lauren B asked:


I am a business owner in the united states. A dear friend of mine, whom I feel would be a great asset (in the arts) to my business is a Mexican citizen. I know that businesses can often “sponsor” temporary or permanent immigration. After researching online I see that it is a very complicated process. How much does this usually cost and how do I go about starting? Or is it even possible? Thanks in advance!

Ryder asked:


Let’s say two people start a t-shirt business… one of the people doing the business is an artist who does the designs for the company, such as designs for the shirts. When these shirts get sold ($40 for a shirt for example), and the t-shirt is paid for, how is the money split among the two who is running the business?

curious asked:


In the process of opening a new business. How do business loans work – I know I need a business plan etc before I can apply for a loan, but what’s some other info? What’s the interest rate range, what’s the range of how many yrs u can have the loan, range of amnt they can loan, will they include the first yrs lease amnt in the loan if needed…etc, etc?
We have good credit.