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...
Business Law
The role of corporate maintenance in keeping a business
On Behalf of Cushing & Dolan, P.C. | Jan 19, 2024 | Business Law
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...
Is it time to exit your business?
On Behalf of Cushing & Dolan, P.C. | Nov 23, 2023 | Business Law
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...
Why should you update your business contracts?
On Behalf of Cushing & Dolan, P.C. | Nov 10, 2023 | Business Law
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...
Can a verbal promise constitute a contract?
On Behalf of Cushing & Dolan, P.C. | Oct 2, 2023 | Business Law
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...
What must someone do if they want to sell their business?
On Behalf of Cushing & Dolan, P.C. | Sep 18, 2023 | Business Law
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...
How does a business trust work?
On Behalf of Cushing & Dolan, P.C. | Aug 3, 2023 | Business Law
A business trust is a structure wherein a trustee manages the business assets on behalf of beneficiaries. In this arrangement, the trust outlines the powers and responsibilities of the trustee and the rights of the beneficiaries. Additionally, the document can include...
How can I protect my business’ trade secrets?
On Behalf of Cushing & Dolan, P.C. | May 29, 2023 | Business Law
Businesses thrive for distinct reasons. Their strategies could change based on their operations and the resources they use to advance and expand. Certain companies bank on their intellectual properties, such as trade secrets, to give them an edge over their...
What cannot be included in nondisclosure agreements?
On Behalf of Cushing & Dolan, P.C. | May 8, 2023 | Business Law
Company owners use various measures to prevent trade secret theft and other unauthorized sharing of sensitive company information. One of the most common protective tools is nondisclosure agreements (NDAs). NDAs often protect information such as intellectual property,...
Building a solid foundation for your business
On Behalf of Cushing & Dolan, P.C. | Mar 29, 2023 | Business Law
Some entrepreneurs enter a business venture with much excitement and without much thought. Businesses often fail because their foundations are not stable enough to support their existence and development. Here are some factors to consider when beginning any business....
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