Are you starting your first business? Then you likely have tons of questions. How can you make a profit? Who are you advertising your business to? Will your business survive a drastically changing economy? Before you start anywhere, you need to lay out a foundation to...
Maybe you hired another business to provide a service, such as handling a remodeling project at your offices. The date for the work to start came and went, and you never heard from the business. Eventually, you reached out to them to address their failure to show up,...
The beginning of a business partnership is a lot like the honeymoon phase in a marriage. Both of you may have big dreams for the company you started together and may see the best in one another. After years of running the company jointly, you likely have a more...
From the first days that you start doing business, you may need to negotiate contracts with other parties. Landlords, suppliers and employees typically all require contracts when you start a professional relationship with them. Ensuring that you include the right...
Maybe you and your spouse dream of a pastoral lifestyle and so the two of you pooled your resources to purchase land and start your own small farm. Perhaps you are a third-generation farmer who already has teenage children, and you worry about what may happen to your...
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...
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...
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...
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...
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...