By Marty Aquino, eHow Money Contributor
25 MAR 11
As a small business owner, you have the unenviable position of dealing with major complications, but with some preparation you can survive them. Problems within your founding team can fester if they're not dealt with. If your business has intellectual property, protecting it can bring with it a set of issues. Always pay your taxes or expect big problems. Money problems plague many small businesses, sometimes to the point of failure.
In day-to-day life, disagreements can be tiresome. Disagreements between founders of your small business can be crippling. Most founders want the business to succeed, but sometimes have differing visions on how to do it. "If you can identify where the disconnects are in your mindsets about the business -- which is probably where the problem lies -- the rest of your issues will be solvable," says Marian Banker, a small business coach for Prime Strategies. Find common ground through measurable goals.
The world of intellectual property protection can be complicated and problematic. Not protecting your invention can cost your company its competitive advantage and precious revenue. Intellectual property theft is estimated at $250 billion per year, according to the U.S. Patent and Trademark Office, USPTO, as of 2011. Contact the USPTO to protect your intellectual property. However, U.S. patent protection only applies in the United States. Seek an intellectual property attorney to discuss your international options.
Payroll Tax, Read more: The Complications of Running a Small Business