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...
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...
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:...
You’ve been invited to put in a bid for your construction company to build a new resort in Arizona. Following two years of sparse opportunities, you are excited about this project. However, after meeting with the potential client and submitting your bid, you have a...
If you lie awake at night fantasizing how making some strategic investments can bring you a steady stream of passive income, the idea of commercial real estate investment likely crossed your mind. But before you jump in feet first, take a breather. Below are four...
The Miller Act is a federal law that dates back to 1935. It requires contractors to obtain performance and payment bonds before being awarded a contract to work on a public project. The bonds ensure that subcontractors and suppliers will be paid even if the contractor...
There are usually several involved parties in a Scottsdale, Arizona, construction project. Examples include: The property owner You (the subcontractor) The contractor that engaged you And numerous materials suppliers Considered by many as minor associates of a...
You're renting a commercial property for your business, so you're not the owner. That said, you definitely were involved with designing the space and the person who owns the building isn't there very often. So who has to make repairs if something breaks or...
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...
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...