Business Law Professionals
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 should you include in a business contract?
As a small business owner, your focus is likely on improving efficiency, enhancing your profits and maintaining operational stability. Developing strong business contracts can help you reach these goals. According to the Small Business Administration, there are 32.5...
How could a partner’s divorce impact your business operations?
When a business partner divorces, there is a really good chance it will impact your business. Unless the person had some agreement in place prior to the end of his or her marriage, the interest he or she has in the company is up for grabs in the divorce. And this will...
Should you include mediation as ADR in your business contract?
Many businesses will face one or more lawsuits in their lifetime, but litigation is not the answer for all disputes. Mediation is a form of Alternative Dispute Resolution (ADR) for helping parties settle their differences. Should you include this option in your...
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...
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...
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