Business

If you and/or you and your spouse are entrepreneurs, you might want to establish a jointly-owned family enterprise that you can pass down to your children. Building an empire for the next generation is an excellent way to establish a memorable legacy. Furthermore, you...

You’re interested in running a business, and you’ve recently purchased some real estate. You think that the building will be perfect for your company. It will take some mild renovations, but you’re willing to invest the time and effort. Unfortunately, you’ve...

Changing the structure of your business can unlock new benefits and help you stay competitive in the ever-evolving entrepreneurial landscape. This process involves reorganizing the internal legal and financial structure of your business, to enhance its efficiency. The...

Some people start businesses with the specific intention of eventually selling them. Others decide that they would like to start a new endeavor or receive offers that they believe are too lucrative to ignore. Regardless of why someone decides to sell their business,...

One of the most important things that business partners can do is to create an official partnership agreement when they start their company. It’s often tempting to skip this step. Business partners may be close friends or even family members, and they trust each...

Every party you work with, including shareholders, partners, employees and possibly clients, should sign an agreement. Contracts are crucial, and they can tell you are responsible. But how soon should you give a party a contract? Here is what you need to know about...

One of the first things a new business owner has to decide is what type of business structure they need. There are several things that come into the picture when they’re doing this. Taking the time to choose the most appropriate structure can protect you and your new...

Sure, your business is pretty small – but it’s also pretty profitable. You’ve taken all the right steps along the way, including structuring the business as a limited liability company (LLC). So, why is your company’s prospective landlord asking for a personal...

If you wish to end your business, there are some steps you will have to take. You cannot just close the doors and call it a day. The U.S. Small Business Administration explains that you will need to tie up loose ends and ensure that you adequately handle all business...

Conflict resolution strategies for shareholder disputes Regardless of the size of the business, shareholder disputes can and do occur. When stakeholders disagree, it can potentially disrupt company operations. These conflicts might arise for several reasons, and since...