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...
Business Law
Can a business contract be amended?
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...
3 things to remember about partnership disputes
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. ...
Starting an LLC? Pros and cons of this popular business structure
Those new to starting or running a business may not understand how vital it is to choose the proper legal structure. The correct choice can help you grow your operations without posing unreasonable legal and financial risks. The basic choices for a business legal...
What should you look for in a business partner?
Starting a business with a partner can be invigorating and exciting. That partner can give you the inspiration to work harder and you may be more likely to take steps that you never would’ve taken on your own. At the same time, the success of your new business is...
2 legal factors to consider before expanding your business
You started a small business a few years ago with the aim of making some money on the side. You did better than anticipated and were able to make it your full-time vocation. The business has continued to grow and you’re looking to take it to the next level. As your...
What’s the role of a silent partner?
There’s some confusion about just what a “silent partner” in a business is. Sometimes people assume it’s someone whose involvement in a business is secret, either out of concern for their or the company’s reputation. Others assume it’s someone who just provides money...
Protect your small business from larger rivals
You’ve been running a small company for a few years now and it’s going well. In fact, it’s going so well that others are really beginning to take notice. You’re concerned that larger rivals are going to try and take your spot in the market. You have a reliable...
Are you searching for a new business partner?
Perhaps you’ve recently launched a startup and it’s going well so far? Maybe you’ve been in business for a while now and are looking to expand? In any case, one option that might jump out at you is to enlist the assistance of a new business partner. Bringing in the...
Reasons to consider changing your business structure
When you set up your business structure initially, you likely think it’s the best option for your current situation and goals. However, as time passes, things may change. At some point, you may decide that it’s time to change the structure. Some of the reasons you...