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...
Business law
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...
Business fraud could negatively impact your company
Facing accusations of business fraud is something that you should take seriously because your business’s reputation could be damaged. In some cases, lawsuits that you face could end up harming your business’s bottom line or result in heavy fines and penalties that...
Family-run businesses pose unique challenges
There are many successfully run family businesses across the country. However, as with any form of business operation, family-run operations face numerous challenges. Personal relationships don’t always transfer smoothly into professional relationships, and a...
3 important traits to look out for in a business partner
It may not always be possible to look after your business interests on your own. As a result, you might take the decision to enlist the help of a business partner. Choosing the right business partner is a vital decision that could either boost the profitability of...
When can a tenant withhold rent in California?
If your tenant is withholding rent, they may have a right to do so. As the landlord, you are obligated by law to fix serious problems within a rental unit. Failure to do so, and your tenant has the legal right to withhold part of or all the monthly rent. Here is more...
What are your options for ending a partnership?
You and your business partner have weathered many storms together in the past decade or so. Your combined resources bought several mobile home parks and a chain of convenience stores, all of which are doing quite well. But lately, things have changed between the both...
Getting sued for wrongful termination? Here’s what to do next
California is an at-will state. This means that, unless your employment contracts specifically state otherwise, you can fire your employees for any legal reason whatsoever, or for no reason at all. It’s an unfortunate part of running a business that sometimes you have...