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Feature ArticleAvoiding Common Legal Mistakes
If you own your own small business chances are
you know very little about the laws and regulations
that you encounter on a day to day basis.
Understanding the legal issues that concerns small
businesses it is vital to your business~ success. The
small business association suggests that all small
business owners take a few legal courses to
understand the legal issues you may come up
against. However many small businesses ignore
this advice and suffer consequences that could have been avoided.
There are many web sites that offer legal advice for
the small business owner. Here are just a few
situations that may arise where you should know
your legal rights. In all these situations you may
find it necessary to contact an experienced corporate attorney.
Contracts or service agreements are a must for any
small business. It is difficult to uphold a verbal
agreement in court and therefore a well written
service agreement can protect you and your
business. The service agreement should clearly
define all policies and agreements. It should
provide protection for your company and its interests.
Start by listing the "scope" of the service. For instance, cleaning a home would take 2-hours. In those 2-hours, list
"what" service and "how" long it will take. Include
anything that may be a special request. Excluding a portion
of the service could be a costly mistake. Drafting a
contract takes time, but it is necessary.
Employment Termination To keep overhead costs down, a major percentage of small businesses begins with a low number of
employees. Staff members come and go, as business growth
changes. It makes no sense to keep staff on the payroll if
the business can't support the wages.
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Sometimes employees will threaten with "Unlawful Discharge" suits. It is important that each member knows they are an
"at will employee," which means they can be terminated at
any time, or for any legitimate reason.
If you need some additional help many small
businesses choose to hire independent contractors.
Hiring independent contractors can seem like a
simple choice since you're not responsible for
reporting their earnings to the IRS.
Use extreme caution assigning tasks to the company's IC's. Some projects can change the status of an IC to an Employee
in the IRS's eyes. If you're uncertain as to what jobs classify as IC or Non IC status, visit your local state website or www.sba.gov for more information.
If you own a small business with someone else you
need to know about the legal definitions of your
partnership. If you're a sole proprietor this means
you own the business yourself and can be held
legally responsible for anything to do with your business.
Start a business as a L.L.C. (Limited Liability Corporation) instead. This will eliminate the risk of loosing personal
funds due to allegations in a lawsuit.
Intellectual Property Issues Even low-tech companies have intellectual proper issues that directly affect the
long-term success of the business. Pay close attention to
confidentiality and invention assignment agreements,
registered trademarks, and copyright notices. Protect the
company's trade secrets adequately.
Do you have an article for Web Sm@rts? Send to Web Sm@rts
Placing your article in Web Sm@rts is a great way to
gain exposure for you and/or your business! Each article is
published with your name and web site, plus a short 'resource box' at
the end of the article.
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Record Keeping Improper record keeping can cause serious
problems. Accurate accounting records are essential if the
IRS is the least bit suspicious about the company's
financial records. Invest in a bookkeeper or an accounting
program to make it easier to keep account of your daily
transactions. Also, organize files to be readily accessible
in case of an IRS audit.
If you can't afford to hire an accountant there are
many bookkeeping software packages that can
make things easier on you. Be sure to keep all of
your paper documents as well since they may be
necessary should you be audited.
Do your research and compare fees. The long term
relationship you build with your corporate attorney will
have its value. All businesses should make an investment
in a "good" corporate attorney.
Choose an attorney that you're comfortable with
and can afford. It is important to build a
relationship with your attorney so that in times of
need he or she will better understand your situation.
**************
Nyall Bakk knows how to drive quality targeted traffic to your site. To learn how to effectively promote your own internet business, visit his website
Advertising WorldWide. If you are looking for a better ROI on your
advertising, visit his website Advertising WorldWide
**************
As part of our ongoing commitment to provide quality content, we
would like you to take a moment to rate this article on a five point
scale.
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This week's TIP
Adding Audio to Your Site
You can add sound to your site that will be compatible with both Internet Explorer and Netscape as well. Add the following code to the HTML of your web page where you would like the control panel to display.
Change the text indicated in red to your sound file.
<embed src="yourfile.mid" autostart="true" loop="false" hidden="false">
<noembed>
<bgsound src="yourfile.mid" loop="1">
</noembed>
The "autostart" determines whether or not the music will play when the page loads. "True" specifies that the music will start on load and "False"
specifies that music will not start on load.
The "loop" determines how the music
should be played. "False" specifies that the music
should not loop and will play it through one time. "True" specifies that the music should loop and play continuously. I highly recommend that you leave this set on false.
The "hidden" specifies whether or not the music's control panel should be displayed. "True" specifies that the control panel should be hidden. "False"
specifies that the control panel should be displayed. This will enable your visitors to stop the music if they prefer. Once again, I highly recommend that you leave this set on false.
* Get these syndicated tip feeds for your
web site, free. *
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Second ArticleUsing Contextual Marketing
When ever someone mentions the term Search Engine Marketing (SEM) two words automatically come to mind - Volume and
Exposure. These are things that all businesses need to
create an ongoing stream of income.
Search Engine Marketing enables your business to reach
thousands of potential customers for a lot less than
traditional print media and direct mail marketing. Very
good news for the smaller business owner whose marketing
budget is much less than the bigger corporations.
The basics ideas behind SEM are simple. You need to build a
site and the optimize the content around specific keywords
that will be called should people use these words to search
on search engines. The more effective your ability to
optimize your content, the higher your placing in any
search engine results. The internet advertises your
products 24/7 but you can be waiting weeks or even months
for search engines to index your site and of course there
are no guarantees your site will show in any event.
Pay-Per-Click (PPC) Search Engine Marketing eliminates the long indexing wait and secures your placement in the top
positions. You simply bid on topic keywords. The higher
the bid... the higher your placement in the results. You
only pay when someone clicks on your ad link. Your site
appears in the results within minutes (not weeks or months)
once your ad campaign starts.
With PPC you are able to build your opt-in list fast, test out marketing campaigns, and reach potential customers with
greater efficiency. But you need to remain ahead of your
competitors so you can be paying up to $5 or more per click.
Both SEM and PPC have commonalities. They both drive
targeted visitors to your site and there is a learning
period where you can pay little money to test the system
and then build up your bids as you learn which keywords are
more effective. Ongoing tweaking is very important.
Contextual marketing, the latest way to market online shows the same effectiveness as SEM and PPC but without all the
hassles. Not only does it produce volume and exposure, it~s
also fast and easy to use.
Contextual marketing has huge potential because it takes
the best component of PPC and SEM but maintains a simplicity
of use.
People who click on your site have pre-qualified themselves because they looked up the keywords you had optimized. This
will make it far easier to transform them from an enquiry
into a potential sale. This translates into increased sales
conversion rate and an increase in your profits.
If you're looking for a good cost effective way to reach
new customers, contextual marketing maybe an excellent
option for you. Try it and compare it. You might find
yourself surprised at the results.
**************
Tina Valiedi is the Executive of Marketing for MPStrategies
Firm,a company whose breakthrough service unleashes the
power of the internet to drive hidden potential clients to
your site. Find out how at: www.mpstrategiesfirm.com
**************
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