In the world of business partnerships, it is not uncommon to share sensitive information with partners during the course of a partnership. While doing so, however, it’s vital to keep confidential data from the public and your competition. And this is where a...
Business law
4 ways to avoid business disputes
Very few people run businesses without disputes. You can’t predict who you’ll have a dispute with. An employee may have an issue with their job role or an established business party may have recently breached a contract, for example. These kinds of issues may have you...
Is it time to shift your company structure to a corporation?
Many aspiring business owners opt to form their new enterprises as sole proprietorships, partnerships or limited liability companies (LLCs) when they first launch their companies. There are numerous reasons why these business formation structures are appealing to new...
What are the benefits of forming an LLC?
If you're considering starting a new business or changing the structure of an existing business, one option to consider is forming a Limited Liability Company (LLC). An LLC is one example of a modern business structure. It offers several benefits to business owners....
3 things you need in all business contracts
When you form a business, getting your contracts right will be crucial to your future success. It only takes one poorly written one to put all your hard-earned progress at risk. Each business relationship you have will require a unique contract. Yet every one of them...
How could spoliation affect your business litigation?
Whether someone is assaulted on your premises or you have a disgruntled ex-employee claiming they experienced on-the-job discrimination, it’s never pleasant to have the threat of a lawsuit hanging over your head. At the same time, you need to be proactive about your...
What does corporate due diligence look like?
When you’re setting up a new business, or buying an established one, people always tell you that you should make sure you do your due diligence first. Makes sense, doesn’t it? You should know exactly what you’re getting into before you embark on any new business...
What should you include in a partnership agreement?
The partnership agreement is a written account of all the terms you and your partner agreed on when you started the company. You must have everything spelled out so you can refer to it if there’s an issue in the future. You can include several things in the agreement...
Is a rival company hurting your business?
You’ve worked hard for many years to establish your company. You, your business partner and staff have put in the hours and reaped the rewards. However, along the way you have encountered some stiff competition, which is only natural in the corporate world. Sometimes,...
What is the problem with expecting your business to last forever?
Optimism can help you through the tough early stages of starting a business. Yet blind optimism is something you could come to regret. A healthy dose of realism will go a long way to protect your interests. Many businesses do not make it past the first few years What...