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,...
Business-Employment
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...
3 instances when buying out your business partner might be smart
When it comes to business partnerships, it’s crucial to acknowledge that there may come a time when an initial collaboration may need to be reevaluated. Business environments are constantly evolving, and sometimes, so should business partnerships. If you are in a...
3 signs it may be time to change a business’s legal structure
During the business formation process, the average entrepreneur spends a lot of time thinking about what structure would be best for their company. Some people want to start corporations, while others would prefer to keep the arrangements as simple as possible....
3 challenges executives must address when planning a merger
A merger can be an exciting opportunity for both of the companies involved. They can gain access to intellectual property, proprietary processes, new facilities and the best talent in the industry. They can also potentially expand their market share and company reach...
Key tips for succession planning in 2023
As a business owner, are you starting to think about what’s going to happen to your company after you leave? Maybe you’re getting ready to retire. Maybe you’re making your estate plan and thinking about how you want to distribute assets. Your business is a major...
Key questions to ask when starting a business
You’ve always wanted to start a business. It’s definitely exciting as you move close to this goal. However, it’s important not to get ahead of yourself. You don’t want to overlook key steps or make mistakes that could hold the business back. Gathering information...
Patents, trademarks and copyrights: What’s the difference?
Intellectual property (IP) is an essential aspect of any business in the modern era, and it's crucial to understand the different types of IP protections available. You’ve probably heard of three of the most common forms of IP protection – patents, trademarks and...
Which roles at an organization require succession planning?
An organization is only as successful as the leadership that drives it and the workers who provide daily labor. Major changes in the executive talent at an organization can have devastating consequences for the company's stability. Someone in a leadership role making...
How contracts protect your company when hiring workers
Every new staff member that you hire can substantially increase your company's operational abilities. However, the more workers you have, the greater the possibility of a conflict, a lawsuit or some other issues affecting your business's operations or profit margin. A...