What Small Business Owners Should Know About Retirement Plans

Two people walking with bikes on beach discussing their small business retirement plan

Did you know more than 40 percent of permanent employees lack access to an employer-sponsored retirement plan? Sadly, this has led to many retirees experiencing a tremendous decline in their living standards in their retirement. As such, not only is it vital to plan for your own retirement as an entrepreneur but also to help your employees to plan for their future.

There are lots of compelling reasons why you should start a retirement benefit plan for your employees including an increased chance of retaining and attracting qualified employees. Also, some retirement plans offer tax advantages for your business as well as for the employees.

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3 Common Mistakes in Equity Incentive Plans

equity incentive plans

For most startups and/or small businesses, large sums of cash are not always readily available. Stock options or equity awards are a creative way for companies to incentivize employees or service providers with non-cash compensation. Often, these awards are known as stock option plans, equity incentive plans, or phantom equity. They are provided through a written agreement indicating how many shares the recipient is to receive, and when. Most plans require the recipient to be employed with or providing services to the business for a certain length.

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Legal Compliance For Your Online Business

businessperson typing about legal requirements for their website

The proliferation of technology has seen many companies, both startups and developed, take their business online.  While it may be easy to set up an e-commerce platform/website, there are legal requirements that you should observe to remain compliant and in line with internet and data privacy laws.

 Here we highlight a few requirements you should have in mind while starting a website to be on the right side of the law.    

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