As a business owner, you want to safeguard your company from any legal troubles. One such legal problem is a business dispute. You never know with whom you'll get into a business dispute. A recent contract breach by an established business partner or a problem with an...
In the realm of entrepreneurship and business ventures, the term "silent partner" may evoke a sense of mystery and intrigue. While the term itself may conjure images of a clandestine figure lurking in the shadows, the role of a silent partner is far from enigmatic. ...
Small businesses are vital to the economy, providing employment opportunities and essential goods and services to local communities. However, running a small business is not without its challenges. One of the biggest challenges that small business owners face is...
It is certainly frustrating for a business owner if employees quit without giving any warning. If you find yourself in this position, you might suddenly be scrambling to replace that employee. It’s very natural for company owners to ask employees to give a notice of...
If you’re looking for a business partner or found someone who you think is the perfect fit for your establishment, but something’s bugging you about their character, then it may be time to take a step back. It’s often important to understand when a business partner...
When two people decide to start a business together, officially becoming business partners, they may be tempted to simply shake hands and move forward. They both trust one another. They believe that they both have the business's best interests at heart. They don’t...
Deciding to open a business with a partner requires you to outline each person’s rights and responsibilities. The best way to do this is with a partnership agreement or contract. However, when creating the partnership agreement, it is essential that you include the...
A successful business partnership can be very beneficial to your company. You can share the workload, bounce ideas off of one another and manage the team together. That being said, it’s rare for business partnerships to last forever, and there are bound to be bumps...
Contracts rule the business world. Without an effective contract, there would be no clarity regarding each party’s rights and responsibilities. And this would be a recipe for costly yet unnecessary disputes. But contracts are not cast in stone. Sometimes, a contract...
A partnership is usually a beneficial arrangement between two people with similar business goals. Most partnerships work well, but there are times when partners can have disputes. Being able to handle these situations appropriately can greatly benefit the business. ...