If you’re starting a new business, you may be considering different ways you can create stability for your workforce and protect your intellectual property. Naturally, this could lead you to the idea of noncompete agreements, which keep workers from leaving their jobs...
Non-competes are used to protect businesses from competition. A non-compete agreement generally prevents an employee from leaving a business and going to a competitor or starting a competing business for a specific amount of time. This, in theory, helps to ensure...
Arizona’s Employment Protection Act of 1996 made this an “at-will'' employment state, but it’s a mistake to believe that means an employee can be terminated for any reason, at any time. An employee can only be terminated for a lawful reason. What does that mean? It...
Many businesses improve when an owner seeks out a business partner. A partner can bring in knowledge and experience to raise productivity, interest and sales in a business. However, that doesn't happen for everyone. Choosing the right business partner is important...
Starting a business can be a notable endeavor that requires careful consideration and planning. A well-crafted business plan serves as a roadmap for your business, highlighting your growth goals and financial projections. Your business plan should not only help you...
Contracts are the backbone of any business transaction, laying the foundation for a successful and legally binding agreement. As an entrepreneur, it makes all the difference to familiarize yourself with all the essential elements a contract must possess to be...
Generally, Arizona laws do not require limited liability companies (LLCs) to have operating agreements. However, it is beneficial to have one in place. A carefully drafted operating agreement outlines each member’s roles and entitlements, decision-making process as...
Establishing a small business can be a rewarding step for entrepreneurs, but it comes with numerous challenges. Owners have to manage their team, focus on their business relationships and ensure their company's growth and profitability. Many of the challenges that...
One of the first decisions a new business owner has to make is determining the company's business structure. For some small business owners, a sole proprietorship seems to be the best option, but this might not be the case. Many don’t realize they can have...
In business, partnerships play a pivotal role in driving success. But what happens when a key moment arises, such as one partner wanting to exit the business if the other wishes to continue the journey? Successful partnerships are built on trust, shared goals and...