If you're interested in buying a business, you need to know exactly what you're purchasing. It is very important to do your due diligence. You need to ask yourself what type of business you want, why that businesses for sale, what your goals are for the business and...
Business Law
3 important inclusions when drafting your partnership agreement
Business partnerships are beneficial for everyone involved. The partners can offer each other financial, social and intellectual support when starting or running a business. The company benefits from having multiple people involved in its management and planning....
What outside legal counsel can do for a small business
As a small business owner, you need to save money wherever you can and avoid needless expenses. Hiring a business attorney as outside counsel might seem like a luxury. That leads a lot of businesses to wait until they run into serious legal trouble before hiring a...
3 ways trademark infringement can hurt your business
Companies often have to try something creative to stand out from the competition. Once you have established that you offer better prices or an innovative product, people will start to seek out your company on purpose. Creating a trademark is a way to help people...
Fixing employee retention issues during a business acquisition
Buying another business can be a major investment for your company. You can gain infrastructure, facilities, market share and talent all in one fell swoop. Unfortunately, talent is one of the hardest things to retain after the acquisition of another business. It is...
3 ways a vendor’s breach of contract could hurt your business
Finding the right vendors is a major part of building a successful business. You need reliable suppliers whether you run a retail business or a manufacturing operation. Products, raw materials or even ingredients for a restaurant all come through various vendors. If...
Instead of starting a business, should you buy one?
Have you always dreamed of starting your own business? You want to own a company and create your own career, rather than working for someone else. You want the freedom, and you also crave the chance for long-term growth and success. Well, have you considered buying an...
Resolving two of the most common business partner disputes
Business partnerships often start off positively but can, like marriages, decline over time. Especially when prospective partners don't take the time to get to know one another before starting a business or when they don't carefully define their obligations,...
Why would you ever sue your business partner?
Usually, when you go into business with someone, the goal is to make your business thrive. The last thing you’d want to do is to have internal squabbles or to end up having to sue your business partner. Still, there are times when suing your business partner may be...
Hold a vendor accountable for a major breach of contract
Whether you run a taco restaurant or a manufacturing facility, you sign vendor contracts because you need predictability in your supply chain. You need to know the cost of components and materials. You also need to know that you can rely on getting those items as...