Business Law Professionals
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...
Why company culture matters in a business acquisition
Mergers and acquisitions are powerful moves for a company to make. Your business can leverage its success and strong revenue to make great leaps forward by expanding via the acquisition of another entity. While an acquisition certainly serves to bring many resources...
Is it possible to run a business with an ex?
Due to the legalities and difficulty behind dividing businesses, some people may want to consider running their business with their ex-spouse. Some people may find this an easy task. However, it may prove much harder than others expect. How can an ex-couple keep their...
What red flags should you watch for in your partnership?
Partnerships almost always start out with a somewhat rosy tint. Everyone loves a new project, and each party brings unique benefits to the table that can help the group as a whole. Over time, however, you may pick up on more and more red flags. It may even get to the...