Entering a business partnership can present a unique opportunity to combine resources and multiple individuals’ strengths. Such a collaboration can allow a business to soar to the next level. However, sharing the same vision for a business venture might not be enough...
Contracts play a key role in business deals and daily life. When a person enters a grocery store and purchases an item, they enter into a contract. Contracts can also be breached, which usually places one party at a disadvantage. However, there are several ways in...
Employment contracts establish expectations for an employer and the new worker accepting a position at the company. Businesses often include a variety of terms intended to protect the organization from liability. By clarifying the compensation that the company intends...
Business contracts are usually the bedrock of any particular successful business relationship. They outline the terms of the agreement, protecting both parties and helping ensure a smooth collaboration. However, a poorly drafted or misunderstood contract can be...
Acquiring a business can be an excellent move by an aspiring entrepreneur or the leadership team at an organization. Business acquisitions can lead to rapid expansion for an existing company. They could help an aspiring entrepreneur move into a competitive industry....
Whenever the federal government enacts sweeping new legislation, those potentially affected by the law are often (understandably) eager to monitor its progress. In 2021, federal lawmakers passed the Corporate Transparency Act (CTA). The goal behind the law was to...
Those operating successful businesses in California generally understand the importance of statutory compliance. Regulatory infractions can cost a business its license to operate lead to financial penalties and potentially trigger criminal charges in more extreme...
Whether you’re a small business owner or you help to run a large corporation, maintaining your position in the marketplace is paramount. One powerful strategy that can set your business apart is the utilization of trade secrets. These proprietary pieces of information...
Nearly all companies reach a point where they must work in some capacity with others (for example, suppliers and manufacturers). The terms of a contract typically govern these relationships. You may anticipate little risk when contracting with another business, but...
Many business analysts would say that risk is what generates profit. Finding untapped market niches and offering goods or products that others have not involves a degree of risk but can also lead to substantial rewards. No one can run a successful business enterprise...
