As an entrepreneur, you accept a significant amount of risk. You may forego reliable income as you devote your daily life to get in your concept off the ground. You can have personal liability in some scenarios if the business fails or faces lawsuits. If the company...
Year: 2022
Do you need a partnership agreement with family?
If you start a business and want to work with family, you may not think that a partnership agreement is important. However, this kind of agreement can help you protect yourself and make sure that you’re both held accountable when running the business. A partnership...
Tips for creating a business succession plan
As a business owner, you know the value of your business as an asset. You also know that you want to put this into your estate plan or pass it on to your children in some fashion. This may mean creating a business succession plan for those children. However, this is...
Do you need a license to run your business?
Many people have excellent ideas for businesses and want to get started as soon as they can. Some feel that they should be able to open their doors without state involvement, but you should know that doing so could get you into legal trouble. Your business may need...
How do you start making a business plan?
You know that you want to start your own business and you're excited about what the future holds. You have a general idea of what you'd like the business to do, based on your own skills and abilities and the research you've done on the local market. But you don't have...
Planning for the end of your partnership dissolution plan
Working with a partner to start a business can be a good strategy. You don't have to take all of the risks yourself, and there is someone else to share the responsibilities and provide a fresh perspective. Partnerships can be quite useful, but they will eventually run...