article thumbnail

Aligning People Ops Strategy for the 5-Stage Business Cycle

Zenefits

Evergreen concerns such as compliance and efficiency remain in every stage of the business cycle, but certain stages have specific pitfalls. They are an asset, a client, and a contributor. Generally, the economy is good, debt is low or paid on time, and cash flow accumulates. It can be tempting to rush into hiring again.

article thumbnail

Registering Your Small Business: Single-Member LLC vs. Multi-Member LLC

Zenefits

If someone attempts to sue your business and you’ve filed as an LLC, they usually can’t come after your personal assets. Bankruptcy protection With a single-member LLC, you can technically separate personal and company assets. However, a judge could consider personal and company assets the same if there is an overlap.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

A CEO Guide To Smarter Cost-Cutting

Chief Executive

Regional chain of retail supercenters CUT WASTE, LAYER BY LAYER Erik Petrovskis, Director of Environmental Compliance and Sustainability, Meijer, Grand Rapids, Michigan Meijer’s Erik Petrovskis We are applying a number of levers in efforts to cut food spoilage and waste, which is a huge societal problem and a big cost for us.

article thumbnail

What to Know About Small Business Liability Insurance

Zenefits

With tight cash flow and an uncertain market, small businesses can be financially ruined by a disastrous, unexpected lawsuit or accident. And it’s more common than you think. In fact, 43% of business owners are threatened with or have been involved in a lawsuit, and litigation can easily cost up to $150,000. Business size.

article thumbnail

The Best Accounting Platforms for a Growing Business

Zenefits

As your small business continues to scale, cash flow transparency and accounting efficiency become harder to maintain. Poor cash flow visibility. Payroll compliance. Fixed asset management. HR professionals are overworked and overloaded with repetitive tasks, complex procedures, and compliance requirements.