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CBA Bizbytes

Let’s Talk About Delaware-The Home of the Fortune 500

Delaware, the small but mighty state, has long been the favored place to incorporate. In fact, many Fortune 500 Companies are formed here, including Apple and Coca-Cola, as well as more than half of U.S. publicly traded companies. According to the State of Delaware in 2016, 1.2 million entities were formed in the state. Although there is no legal requirement that dictates which state you choose to incorporate your business,...

Personal Injury Law Firms are Realizing the Benefits of Outsourcing the Medical Records Process

Managing Partners and Chief Operating Officers of law firms are realizing the benefits of implementing virtual outsourced positions. Over the last few years, there has been a trend in the legal industry of working with virtual team members to assist with the day to day operations for improved efficiencies and processes.  Happy staff, satisfied customers, and added competitive advantage will be the result. Personal Injury Law Firms and specifically Mass...

Are You Doing Business in Multiple States?

During the incorporation process, you may hear terms such as, “foreign corporation”, “foreign LLC” or, “qualification” depending upon the type of entity that is being formed.   The term, “foreign”, however does not relate to another country, but rather relates to your home state. This means that if your company is formed as a corporation or limited liability company in one state, but is operating in another state, the state of...

5 Ways Law Firms Are Working with Virtual Teams to Increase Efficiency

Efficiency Technology and the presence of the cloud has made it possible for law firms to add virtual components to supplement their work forces.  By adding virtual team members, a company can increase its operational efficiency and work product without interrupting the work of existing staff.  Many times legal assistants welcome these additional resources.  The added benefit to attorneys enables them to focus on what they do best; win cases...

I Have Formed an LLC, Now What: 5 Steps to Take.

  You gathered the facts, you conducted your research, and then decided to take the step to form a Limited Liability Company (LLC).  Congratulations, this is one of many important decisions that you will make as a business owner. But now what? What’s next? Now that you have received the confirmation back from the state of your choice, there are additional steps that you have to take before opening up shop...

Sole Proprietors Are at Risk: Dissecting the Benefits of a Limited Liability Company

The decision to transition from sole proprietorship to a legal entity for business owners is an important decision. While some business owners feel that remaining a sole proprietor is easier, it affords them with zero liability protection. In a nutshell, this means that if you are a sole proprietor, you are personally responsible for your debts.  In the long run, the safest bet is a legal entity. Regardless of whether...

5 Ways a Virtual Assistant Can Be Your Law Firm’s Best Friend

Spend more time practicing law and less time worrying about turnover among your support and administrative staff, court deadlines, and billable hours. A virtual assistant (VA) can be your best friend and ultimately a great weapon to use to grow your practice.Technology has made it possible for VAs to become viable and efficient solutions for your practice. As VAs work on various projects with your team, they become more familiar...

Deciding Which Business Structure is Right for your Business: LLC or Corporation

Hurray, you have a name for your new business. After hours of agony, research, and sharing with family and friends you have finally come up with a name. So now the next step on your business start up checklist is navigating through incorporation. But wait you hit a road block! You know as a new business owner you want to introduce your venture to the world the right way but...

What’s In a Name? Naming your business

This is it! Your decision has been made, 2015 is the year when you make the dream a reality and start your business.  Well, what in the world are you going to call it? One of the most important items on your agenda when you start a business will be the name. While it may seem simple you should really give it some thought. This is especially true for small...

For Solopreneurs: Should You Consider Incorporating Your Business?

So many small business owners are Solopreneurs.  If this is you, you are not alone because according to a Small Business Administration article, there are 18 million business owners like you.  The number of solopreneurs has grown significantly over the years as people like you decide to create something for themselves.  Some of you choose to forge your own path because of the flexibility it brings, while others  just want...

Become An Entrepreneur In 2015

Welcome to 2015 the year of the entrepreneur. So for many that means taking that idea and turning it into reality. For you, will 2015 be the year when you will become an entrepreneur?  Be encouraged in 2015 there will be plenty of opportunities for entrepreneurs.  As a matter of fact according to a Forbes.comarticle, this is in part to the stable economy and opportunities provided by innovation. Because of...