No matter how well you plan and prepare, starting a business is a gamble. More truthfully, it's several different gambles. Will your money hold out long enough to turn a profit? Are your employees ...

Restaurants of any size are regulated by a variety of local, state and federal laws dealing with health and safety for customers and employees. A critical component of restaurant design is providing ...

While unions provide many benefits for workers, they create a variety of disadvantages for employers, including strict federal labor laws governing the rights of employers in relation to unions. Just ...

In reference to business, the terms Tier 1 and Tier 2 usually refer to the manufacturing industry. The relationship between the original equipment manufacturer (OEM) and its tiers is crucial to the ...

The way you close your business depends on the nature of the business. You can close a sole proprietorship whenever you wish. However, certain protocols must be followed if you own a limited liability ...

Forming a business is rarely a stress-free event. Soon-to-be business owners must make key early decisions that will affect the ultimate success of the company. Issues such as the company name, logo ...

If your business has an inventory, its value is an important part of your taxable income. Writing off inventory that's damaged, stolen or unsellable can cut your tax bill. Federal tax law allows you ...

Acumen refers to the ability to think quickly, use good judgment and understand concepts, often in a particular area. Financial acumen refers to your ability to see the financial effects and ...

In general, most restaurant service employees rely on tips for the majority of their income. In some cases, such as with catering, restaurants issue an automatic gratuity or service charge to ensure ...

When a business draws up a budget, it sets a target for spending. The number represents a limit; if the company spends more, then it has gone over budget. An important factor in this calculation is ...

Satellite Internet connections use microwave radio frequencies that travel in straight lines and cannot pass through solid objects. Weather affects the air between the dish and the satellite and ...

A limited liability company (LLC) and a corporation share similarities, such as providing limited liability protection for its owners. Both an LLC and a corporation appear as separate legal entities ...