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...
Business Law
Legal pitfalls to be aware of in business
Running a business is about so much more than the product you sell or the services you provide. A lack of expertise in areas such as marketing or sales could hinder your ability to grow, but a lack of knowledge in legal matters could see your company shut down or...
5 tips for business succession planning
You cannot run your company forever, and even if you could, you might not want to. Hence, unless you are happy for your company to stop when you stop, you need to put a succession plan in place so that someone else can take over. There are several advantages to this:...
How to minimize liability risk in your yoga studio
Stress and sedentary lifestyles can wreak havoc on people’s health, and yoga has proven itself a worthy option for helping improve physical, mental, and emotional well-being. Because of the recent boom of the yoga industry, many people are seizing the opportunity to...
Arbitration can help resolve business contract disputes
Business disputes often wind up in court. Whether there's an issue with competition, a disagreement about intellectual property or a breach of contract, resolving the issue can be difficult. Each company may refuse to compromise, making litigation a necessary part of...
Why do businesses mediate rather than litigate disputes?
Business disputes come in all shapes and sizes. One company might accuse another of unfair competition, like corporate espionage. A restaurant may have a dispute with its supplier, or a machine shop may bring a lawsuit against a former employee for a violation of a...
3 ways a lease contract could stifle your business
To rent premises for your business, you will need to sign a commercial lease agreement. As with all contracts, taking time to review it and ensure you understand every detail is crucial. If you miss something, you could find it harms the chance your business succeeds....
Could alternative dispute resolution help with a contract issue?
Perhaps your former employee signed a non-compete agreement when you hired them, and you want the courts to enforce it because they just tried to start a competing business. Maybe you have a supplier or service provider who failed to fulfill their contractual...
Mediation can help you resolve a complex contract dispute
When you signed a contract with a new employee, a client or a vendor, you set certain terms that you expected the other party to follow. Unfortunately, something went wrong, and they have fallen out of compliance with the contract. A breach of contract can cost your...
Tips for creating and reading Arizona business contracts
As business owners in Scottsdale, Arizona, know, your success can revolve around the strength of your business contracts. For example, an unclear agreement with few specified terms will not protect you from litigation if a dispute arises. Unfortunately, entrepreneurs...