Starting a business always involves a lot of hard work. While launching a startup is the only viable option for someone’s business vision, it’s always wise to look out for existing businesses that may up for sale. Why would you want to purchase an existing enterprise...
Month: February 2023
2 times creditors may need to initiate an adversary proceeding
When a business or individual debtor files for bankruptcy, typically they will stop making payments on most outstanding debts and will discharge whatever balances they can. Their unsecured creditors have minimal influence over bankruptcy proceedings, although they do...
What happens to a company’s lease during bankruptcy?
The cost to secure, furnish and insure commercial space is one of the biggest expenses generated by many businesses. Many organizations still require a physical location to operate, and related costs consume a significant portion of the money that a physical company...
3 things your employee handbook needs
If you are starting a new business, you need an employee handbook. The only exception is if you do not intend to take on employees. Employee handbooks provide clarity for those you hire and yourself. Putting things in writing reduces the chances of errors, problems...
Why treat everyone as a potential claimant in business?
While you might not want to think about lawsuits when starting a business, you need to keep the possibility in your mind from the start. Many businesses face them because they did not take enough precautions when setting up. Literally, anyone you deal with could take...
3 things to consider when forming a business
Starting a business can consume your time and your energy. You may be so busy dealing with the startup process that you feel like you don’t even have time to think. Yet making a bit of time to reflect will be crucial to better ensuring that you make good decisions and...
Is it time to change the structure of your successful business?
For entrepreneurs who have limited experience and personal assets, it is often best to start small and grow from there. Scaling up operations as a brand develops a customer base is a practical means of limiting risk early within the lifecycle of a startup. This...
4 tips for dealing with a partnership dispute
You started your business with partners you respect, trust and believe would make a great ownership team. But no group of entrepreneurs is perfect. At some point, a disagreement will arise that could turn into a full-blown dispute that threatens to permanently strain...