Chris Green’s Legal Basics
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Multiple streams of (taxable) income

It is the dream of any entrepreneur to be blessed with multiple streams of income. Revenue from one source can tide you over the lean times that any entrepreneur experiences and spreading the income spreads the risk of relying upon a single venture. A series of modest predictable payments from different sources can also smooth out seasonal fluctuations in one’s income. Arguably too, better decisions are made when you are not betting the farm every time you make a business decision.
Technology has made it ridiculously easy to establish such multiple streams. Selling stuff on eBay comes to mind. Many people have morphed an initial experimental foray onto the eBay site into a tiny home-based business. It is an elegant business model: very little cash outlay and very little risk, and an abundance of tools to help you get started and …
[ Read More ] • [ 1 Comment ] • [ Filed under Chris Green's Legal Basics ] • [ 8/04/10 ] -
Key to making better business decisions: slow down
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Mentoring for small business: Advisory Boards
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Working From Home – The Legal Stuff
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What to do when your business grows up
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The Taxman Cometh
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Business Relationships 101
A business partnership is like a marriage but without the sex to knock off the rough edges. Indeed what most people entering into a partnership fail to realize is that in all likelihood they are acquiring not one business partner, but two. The second, silent and sometimes sinister one is your business partner’s life partner to whom they go home and grumble to at the end of the business day.
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Getting Paid, Part 2: Delinquent Accounts
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Getting Paid
The bane of every small business owner’s existence is actually getting paid for the work she does. While the problem is universal, it seems to be most acute in the services sector, especially for those selling advice or specialized knowledge. There seems to be a general reluctance to pay for something the consumer can’t see, touch, eat or feel.
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Business structure for dummies
One of the more stimulating exercises facing the budding entrepreneur is deciding upon the structure for her new business venture. There are important considerations of cost, liability and brand protection, and tax to be addressed. There are also the needs of family, partners, financial backers, and employees to be considered.




