Business Lawyers For Business People
New and existing limited liability companies (LLCs) need formal agreements or contracts to define the unique terms of their associations with other people and businesses. For example, you may have employment contracts to manage your workers and vendor agreements to...
Declaring bankruptcy is an option for business owners who are over their heads in debt. In some cases, bankruptcy can create a level of financial freedom by helping to eliminate this debt. But it’s important to remember that all not all bankruptcy filings are the...
There are many different things that influence why a business goes bankrupt. In some cases, the company’s owner just makes critical mistakes like investing money in ways that don’t get enough return. In other cases, there’s a major event like a financial recession,...
Business succession is the process of passing a business on to another owner. For family businesses, this often also means giving that business to the next generation. In some cases, multiple heirs will all be involved. Unfortunately for business owners, the...
When a couple gets divorced, they need to divide the assets that they own. Often, this means splitting up investments, bank accounts or the family home. But what if the couple have also started a business together? Family businesses are incredibly common. Maybe they...
You may share common goals or have a close friendship with your business partner, but that does not guarantee the partnership will run smoothly. Issues may arise along the way and drive a wedge in what was once a thriving business relationship, putting the...
Many businesses have some kind of trade secret that gives them an advantage over their competition. If their trade secrets got out, then they could potentially lose business. That’s why protecting trade secrets is essential for business success. How are trade secrets...
When you hear people talk about business, they sometimes say you need to be tough to survive. The thing is, people use tough in different ways. Being tough, in the sense of being resilient, will help you to deal with the challenges you’ll face. Being tough in the...
Having a family business seems like a dream come true to a lot of people, and there are a lot of advantages to having one. There are plenty of disadvantages, too. That makes it important to consider both the benefits and the detriments of going into business with your...
Contracts protect involved parties, explain each party's responsibilities, guarantee confidentiality and prevent disputes. Thus, you should create an agreement for every party you work with. However, contractual disputes may arise in the future. This guide discusses...