Contract errors could have serious negative consequences for your business. If you send a signed contract off and the other person signs it, then you have entered into a legally binding agreement. While they may oblige and allow you to redo the contract, they do not...

A business partnership can be an excellent option for a couple of people who want to pursue the same entrepreneurial concept. It may not require as much written planning as a corporation or leave you with as much personal liability as a sole proprietorship would. ...

Many individuals who run family businesses assume that the generations that come behind them will want to follow in their footsteps and take over their business once they're gone. This isn't always the case, so you may have to eventually look beyond family. Either...

If you have your mind dead set on starting a company from the ground up, that’s a great way to become a small business owner. Many people do it every year, and it can be incredibly rewarding.  That said, there is also the option to buy a business that exists and take...

Many companies offer shares in their company to raise the capital necessary to grow their reach. While this is one of the many benefits associated with taking on shareholders, there are some downsides to doing so. Your shareholders can dictate how you run your...

Many companies have trade secrets or other proprietary information that they want to protect. A company's leadership may have employees sign contracts, including nondisclosure or non-compete documents. Companies do this to protect their valuable assets from ending up...

If you own a business with a partner, you may find yourself wondering what happens if they leave the business -- or, though you hope it will never occur, you may be wondering what happens if they pass away. You need some sort of plan for the future. You need the...

A partnership agreement can save your business a lot of trouble in the future. It can outline what duties you and your business partner have, what percentage of the business you own, how you’re supposed to make decisions or resolve disputes, what to do if someone...

The business you built is likely the result of years of hard work and effort. You may dream of having the business also serve as your legacy long after you die. If you leave your ownership interest to someone you love and trust, they could continue operating the...

When setting up and running a Boston business, it pays to keep an eye out for any issues that could develop into legal problems. However well things are going, be aware that it only takes one lawsuit to put a company’s fortunes on a downward slope. These are some of...