A business partnership allows multiple parties the right to dictate how a business is run. The terms of a partnership can be outlined in an agreement. An agreement typically intends to reduce disputes and conflicts by setting clear goals and expectations. Before a...
When forming a business, one of the key decisions you’ll make is appointing a registered agent (also known as a statutory agent or resident agent). This is an individual or entity responsible for serving as your business’s official point of contact with legal and...
A limited liability company (LLC) is a viable option for many aspiring business owners. LLCs offer income tax benefits and allow one person or a group to start a company. They are also a way to help protect entrepreneurs from personal financial risks. Forming an LLC...
The majority of businesses have shelf lives. Even a business that has been successful for many years may come to an end. Wrapping up a business is not necessarily a failure, but just a sign that it’s time to move on to your next venture. What’s important is that...
If you choose the wrong business partner, you could be setting yourself up for disputes in the future. Worse than that, you may have selected a partner who will eventually cause the business to fail. The future for you and your company depends on making the right...
When starting a new business, choosing the right structure is a consequential process, for both legal and financial reasons. One relatively popular option is to structure a new business as a corporation. This opportunity can offer significant advantages in terms of...
Whether you’re going into business with your best friend, your parent, your sibling or just somebody you know, you need a contract – and a key feature of that contract should be a buy-sell agreement. A buy-sell agreement is basically a plan for handling various...
Deciding on the ideal structure for a new business is a critical concern that can have long-lasting implications. One popular option for many entrepreneurs is forming a Limited Liability Company (LLC). An LLC can offer several advantages, but it's essential to...
A partnership is a business formation owned and operated by two or more individuals or entities. It can come in the form of a general or limited partnership. A general partnership is the most basic form, where all partners share managerial responsibilities and...
Due to its intangible nature, businesses tend to forget about culture when dealing with mergers and acquisitions. It is more common for companies to prioritize quantifiable metrics and immediate gains. Unlike financial and operational aspects, culture is not something...
