by Royer Advisors | Dec 11, 2024 | Business Plans
When it comes to businesses, there is a great deal of confusion over the legal meaning and significance of fictitious and corporate names. A company is a lot more likely to face a legal trademark challenge now simply because more businesses are operating nationally...
by Royer Advisors | Dec 11, 2024 | Business Plans
With so much technology available to us today, more and more people are able to set up home-based businesses. Many times, owners of these businesses don’t realize how vulnerable they are to significant money losses if something such as fire, theft or natural disaster...
by Royer Advisors | Dec 11, 2024 | Business Plans, Court Rulings
Escheatment could be costing your corporation substantial interest, fines or penalties. The word means turning over to your state any abandoned, lost or unclaimed property, both tangible and intangible. This property is often transferred to the government because a...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans, Debt & Financing
As all small business owners know, no sale is really a sale until the money is in. Most businesses no longer operate on a cash and carry basis, so customers buy on credit. This means that often the receipt of that money is delayed. Every time a company extends credit...
by Royer Advisors | Dec 11, 2024 | Business Plans, Deductions, Financial Planning
As a Maine-based small business owner, you may be wondering if you can write off bad debts at tax time. Since cash-basis companies don’t recognize revenue until it’s received, and therefore wouldn’t have anything on the books to deduct, only businesses that record...
by Royer Advisors | Dec 11, 2024 | Business Plans
Many Maine-based small business owners want to develop a company mission statement. They realize that a good one can highlight products and services, as well as align employees around a common vision. But the truth is that many mission statements fail, becoming...
