Business Law Professionals
3 causes of disputes between employers and employees
Disputes can arise in a workplace between involved parties, including the employer and an employee. This is why contracts should have a conflict resolution clause. But what can cause conflict between an employer and an employee? Here are three common causes of...
Employment litigation as a result of discrimination
From cases involving wrongful termination and unfair trade secrets to non-compete agreements, unfair competition and sexual harassment, firms can end up in court for various reasons. Additionally, it is particularly important for business owners to take a careful look...
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...
How can you handle divorce’s impact on a business?
It is already difficult enough to disentangle assets during a divorce. This is even more true when it comes to couples that own and run a business together. How do business owners handle the dissolution of their marriage? Buy-sell arrangements Forbes discusses ways to...
3 possible remedies for a business partner’s breach of contract
While a written contract is easier to enforce, an agreement you made with one or more business partners to start a company and share profits and losses is enforceable, even if it was oral in nature. This means that you can hold a partner who violates the agreement...
What can a mediator offer?
When dealing with the possibility of litigation, it may seem overwhelming at first. However, you do not necessarily need to turn to litigation immediately. Instead, consider mediation as a first step to take. If it does not work out, you can still ultimately choose...
Understanding the different business entities
One of the first decisions you make as a business owner is to determine how you want to register your business. There are four main types of business entities, each with advantages and disadvantages. Sole proprietorships A sole proprietor is, as the name implies, the...
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...
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