When you go into business with one or more other individuals as partners, it is a good idea to draft a partnership agreement that will serve as the foundation of your professional relationship. This agreement can be a binding contract that keeps business running...
Business Law Professionals
Business & Commercial Law
3 tips for selling ownership in a partnership
A business partnership is an agreement between you and at least one other person in which you start, own and run a business together. When you first start the business, it may be difficult to imagine a situation in which you would ever leave it. Nevertheless, there...
What is a clear title, and why is it important?
Buying commercial real estate is not the same as buying a residential property. There may be many issues that you must resolve before a deal will go through, and dealing with the many aspects of this type of transaction can be frustrating. Unlike residential sales...
What are the risks of having a narcissistic business partner?
Few business ventures are one-person operations. Even if you have an in-demand service or product, you are likely to need some financing or professional expertise. The right business partners can help in both of these areas. Still, you may not truly get to know your...
How do I know if a business co-owner is a partner?
You probably do not own your business alone. One or more individuals may share ownership with you. If this is the case, you should know whether a fellow co-owner is also a business partner. A misunderstanding of roles in a business can lead to conflict between owners...
Rekindling the spark in your business partnership
When you and your partner started working together, there was a sense of novelty to the business and your relationship that helped you through some of the challenging times. As the company began to build momentum, you and your partner started to get into a steady...
Verbal agreements and partnership disputes
If you are currently in the middle of a partnership dispute, you probably have many concerns and it is very important to look at the situation from an individualized point of view. Every partnership is unique, and you need to address your concerns properly. The...
How to know which dispute resolution method to choose
Litigation used to be the most common way to resolve business-related disputes. However, more companies are leaning towards alternative resolution methods. Each method has advantages, and some may be more appropriate for certain situations. Before deciding which...
How can I know it’s time to end a business partnership?
When you and your partner started, you were both excited and ready to dedicate your time and effort to the business. Like many companies, you may have had long hours as you waited for your business to take off. Now that your concept is starting to take off, you may...
How to structure your business acquisition
If you are considering acquiring an existing business, you will need to determine how to structure the transaction. Under one method, you can buy the stock of the existing shareholders. An acquisition can also occur by purchasing all or most of the business's assets....


