When aspiring business owners start tackling the process of legally forming a new company, they generally begin by choosing a formal structure. As the formation process differs for each formation structure, this approach makes sense. In order to better ensure that...
No matter what, operating a small business comes with a certain amount of risk. Accidents happen, and you may one day be faced with some kind of claim against your company. Creating your new business as a corporation or a limited liability company can help insulate...
Starting a business is a lot like starting a new romantic relationship. It often comes with intense excitement about the future and some degree of personal risk. If you let your emotions dictate how you behave, you might eventually find yourself in a situation where...
There are many benefits of forming a business partnership. A business partnership can help you combine efforts, resources and skills. However, sometimes partnerships can fail. This often happens when partners fail to address some issues when during the formation of...
There are several reasons why someone may decide to dissolve their business, whether due to health concerns, financial hardship, or contemplating life changes, such as retirement. Dissolving a business can be a complex process. Before dissolving your company, there...
Beginning your first business venture can be so exciting that the last thing you want to do is burst the bubble by sitting down to do paperwork. You want to be out there dreaming up ideas, wowing investors and preparing to leave the competition for dust. Yet, if you...
When you have spent years of your life building a successful business, succession becomes a natural concern. Whether this will involve family members or outside hires, it’s essential to be objective to ensure the business's successful continuity. You don’t have to...
If you have an idea that you want to turn into a business, you might find coming up with the original idea turns out to be the easiest part of the process. Understanding how to turn that idea into a viable business puts many people off making their dreams a reality....
A dispute with a business partner can get messy and expensive -- and it’s always going to be disruptive to your business. So, what’s the most effective way to minimize the disputes you may have? Choose the right business partner in the first place. Just like a...
Overseeing a business operation can be challenging at the best of times. However, running into partnership disputes can present significant problems. Occasionally, disputes between business partners can even result in the dissolution of the relationship completely....
