Partnerships require cooperation, communication and an understanding of each other. That’s true of both business partnerships and more intimate partnerships. While there are many benefits in a partnership, they all have a potential for disputes, downfalls and...
Businesses use employment contracts as one way of mitigating operational liability. The terms included in a contract help protect a company from unfair competition and damaging employee conduct. It has become commonplace for employment contracts to include terms that...
A partnership can be a useful business structure that makes it easier to bring capital and diverse expertise into your company. But running your business with one or more partners can get challenging over time as new difficulties arise and priorities change. And if...
The limited liability company, or LLC, is a very useful format to choose when you are starting a business. Among other advantages, it protects your personal finances from the debts of the business. In this blog post, we will briefly look at the steps you must take to...
Creating a Limited Liability Company (LLC) offers significant advantages over other business structures. It affords greater control over your business and provides protection against personal liability. To maintain the compliance of your LLC, it's essential to manage...
Many business owners view corporate maintenance as a mere formality that could distract them from focusing on the actual business and managing its day-to-day operations. However, this process is vital in keeping a business going. Failure to apply it may lead to severe...
Passion drives most business owners to keep pushing their limits. Yet, there comes a time when entrepreneurs consider moving on. Whether driven by a major life change or an exciting new project, you might be ready to plan your exit strategy without realizing it. To...
When you first enter into an agreement, you create a contract that will protect and benefit your business in the long run. But no matter how perfect you think the contents of those initial contracts are, certain changes in circumstances will prompt you to update the...
A lot of small businesses forego formalities when engaging in transactions. To them, doing so is easier, faster, and builds trust-based relationships. But bypassing a written contract can land you in trouble. Although you might rely on the strength of someone’s word...
Some people start a business with the primary objective of eventually putting the organization up for sale. Creating a profitable home healthcare company or local IT support organization can produce not just short-term income for the entrepreneur but also a sizable...
