Business partnerships may be long-term or short-term. The successful ones include owners who have a solid understanding of each partner’s strengths, trusting their decisions and market knowledge. However, in some instances, one of the partners chooses to leave...
Partnership disputes: What are the most common causes?
New business partnerships often start with a sense of optimism about the future. As time passes, however, partnerships can break apart, and a partner may leave. This can damage the company, perhaps irreparably, leaving the remaining partners in financial...
Can I protect current assets from future creditors?
Estate planning provides peace of mind knowing that an individual or couple can legally protect some assets from future creditors. To be sure, transferring an asset without getting something of similar value in return could lead to legal problems. In certain...
Why employee handbooks are so important
The employee handbook remains an important tool for businesses to define their policies and procedures. It’s a way to protect the company and minimize the risk of potential lawsuits. Along with business objectives, the handbook also addresses expectations that...
Five ways to avoid (or win) wrongful termination claims
Employers have the right to make their own personnel decisions. However, it seems that every business will have to deal with former employees who claim that they were wrongfully terminated. Even in “at-will” states, employers are prohibited from terminating...
Business owners: Prepare for these four common legal issues
Businesses face an array of legal issues. It is helpful for business leaders to prepare for these issues by having at least a basic understanding of some of the things that could go wrong. Knowing what to watch out for and, ideally, taking proactive measures...
Contracts and the foundation of business success
As a new business owner, or someone who would like to be one, it’s natural to seek inspiration in others who are more established. But when you read about mavericks who made fortunes by ignoring the rules, it can be easy to get confused. Running a successful...
Non-disclosure agreements are often a worthwhile precaution
The unprecedented nature of the times made people cautious about leaving a job if they could work from home during the pandemic. However, now it seems an all-too-common occurrence that someone will leave or left the company. Whether they opt to move to a...
4 business innovations likely to survive the COVID era
A Federal Reserve report says we may not know the true extent of COVID-19 on small businesses in the United States until long after the pandemic is over. The Fed says no statistics are available on the number of companies forced to permanently shutter their...