Entrepreneurs developing new business concepts are often eager to move forward as quickly as possible. They want to establish themselves in an as-of-yet unoccupied economic niche before competitors get the same idea. The beginning of a business is a time when people...
Year: 2024
3 staffing concerns with planning a merger or acquisition
Having the right talent on staff is crucial for the long-term success of a business. Companies often hire specialists to help recruit and train talent. Some organizations even work with outside companies and professional recruiters for that purpose. Workers are one of...
3 important inclusions in a business partnership agreement
A business partnership is one of the most influential relationships a person can establish. A partner contributes money and talent toward an entrepreneurial endeavor. Their work and ongoing financial support can be crucial to the company's long-term success. Those...
Why does location matter when investing in commercial property?
Many real estate investors are likely aware of the mantra “location, location, location.” This slogan rings true when it comes to commercial real estate because location and zoning regulations go hand in hand. While investing in commercial property is generally...
3 solutions when a commercial tenant wants to break a lease
Commercial leases are usually long-term agreements between a business and a landlord. They agreed to specific terms regarding maintenance and monthly rent that may last for anywhere from two to five years, sometimes more. There is a bit of optimism involved in the...
3 risks when turning blue-collar skills into a small business
Discussions of entrepreneurship often center those who have experience running businesses, like executives and managers. However, there's another group of individuals who may also potentially benefit from starting their own businesses. Blue-collar professionals who...
The FTC has announced a rule banning noncompete agreements
The Federal Trade Commission (FTC) helps to regulate economic activity across the country. Policy guidelines established by the FTC can have a major impact on day-to-day business operations. Sometimes, the FTC makes aggressive policy changes to correct for certain...
New business owners may fall victim to this copyright myth
Protecting intellectual property is very important for businesses. Whether an organization is a small sole proprietorship where the owner publishes their own works of fiction or a plumbing company that paid a local musician to write a jingle, those intellectual...
Mergers and acquisitions may now be subjected to more federal scrutiny
Large business transactions can potentially be very profitable for companies and the parties invested in those organizations. A merger or acquisition could give one business access to the work of very skilled professionals or key intellectual property, like patents,...
How do nondisclosure agreements protect businesses?
Nondisclosure agreements (NDAs), also known as confidentiality agreements, play a vital role in the business world by safeguarding sensitive information. These legally binding contracts create a confidential relationship between parties in order to protect...