Business Law Professionals
Should I create an LLC or a Corporation?
When deciding what business structure is best for your new business, liability is one of the most important aspects in making that decision. After making the decision to start your business, you should keep in mind that legal liability is when a person or company is...
Common misconceptions about mergers and acquisitions
Business mergers and acquisitions (M&A) might be a good way for companies to expand their operations, increase their market share and gain a competitive advantage. However, they are not an automatic fix. According to Lending Tree, about twenty percent of...
3 remedies for a breach of contract
A contract is a legally binding agreement between you or your company and another entity. If either party to the contract fails to live up to its terms, a breach of contract occurs. A breach of contract could cause harm to you or your business. If you hold up your end...
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...
Creating a smart business acquisition strategy
Business valuations are on the downturn. An article by Forbes believes that the downward trend might continue for several years. However, low business valuations mean good opportunities for business owners looking for a deal. Continue reading if you believe an...
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...
Mistakes to avoid during business acquisition
Business owners are essential to a healthy economy. However, entrepreneurs face a significant amount of risk. According to LendingTree, almost twenty percent of all businesses fail in their first year. If you want to acquire a business, you must avoid the mistakes...
3 things that may render a non-compete agreement invalid
A non-compete agreement or clause offers protection from competition by a business seller or former employee. It generally prohibits direct or indirect competition, and, in the case of leaving employees, working for a competitor. According to CBS News, 50% of...
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...
The critical role of communication in preserving your partnership
A functional business partnership can improve your organization's growth and success. However, if not carefully cultivated, a disintegrating relationship can take your company down with it. Communication plays a major role in creating and maintaining business...
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