Workshak's post on limited liability partnerships (which pulls from Taxgirl's post on ProBlogger) is right about one thing:  that limited liability partnerships (LLPs) are pass-through entities. 

What the post doesn't address is that the LLP statutes in many states make the form less-than-ideal for many multiple-owner businesses.  For example, in some states, LLPs can be used only for businesses whose principals are licensed pro...

Q: My lawyer is asking for a "success fee" for a referral to a potential investor in my business. Since he'll be doing the legal work, he's offered to charge only 3% on the amount funded (solely from this one contact) as opposed to a 5% that a typical investment banker would charge (even though he's not an investment banker himself).

As this is the first venture I'm actually raising capital for, I am simply unfamiliar with this practice in the ...

According to the June Sure Payroll National Business Trends report small business hiring showed a slight increase (0.3%) in June.  Accroding to the report, this is the 19th straight month hiring has increased.

The ADP National Employment report was less positive, with small businesses (less than 50 employees) adding 7,000 jobs while mid-sized business (50-499 employees) employment declined by 35,000 jobs.   

Given the multip...