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...
Business formation
When does a business partner have a fiduciary duty?
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...
Why cultural due diligence should not be ignored in M&A
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...
3 important factors of a business partnership contract
Before a business partnership is established, a contract should be made. Contracts are especially crucial for businesses to help establish responsibilities and obligations from every party. Everything you need to set up a business partnership should be outlined in a...
4 must-haves in a business partnership
A common question people have is, what makes a business successful? The answer for this for many people is often a business partnership. By forming a business partnership, you can share any difficulties and rewards with someone who not only compliments your work ethic...
4 ways selling your business can go wrong
You’ve had your business for a long time and you think it’s time to move on. Maybe you want to start a fresh business in a new field or move forward to a better view. Whatever the case, your business is up for sale and you’re waiting for prospecting buyers. While you...
3 things to consider before entering a business partnership
There are many good reasons to enter a business partnership with someone. Yet, like any relationship between two people, there is a fair chance that things will not work out. While it is unlikely that the pheromones and hormones that can cloud people’s judgment when...
Can you choose the same name as another business?
You come up with what you think is a compelling business name that tells clients what your company does and what value you provide. You've worked with artists on branding, and you're all set to launch your company. Before legally filing to name the company, you search...
