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....
Starting a business is a process with myriad potential pitfalls. You could invest in a niche business concept with an underserved customer base, only to have a competitor open their doors before you, effectively gaining the market share that you expected. You could...
If you're looking into starting a business, you likely realize that there are many options to choose from when selecting a corporate structure for it. There are various pros and cons associated with the many incorporation structures that exist. When starting a...
Planning how to pass your business to your children when you retire in 20 years is essential. Yet you also need to consider what would happen if a truck crashed into your car tonight? Who would take over then? Do they know everything they need to know? Do they have...
The idea of a written business contract is to formalize the working relationship between you and another party. It sets out the rules and protects each party if the other side breaches their contract. When breaches occur, many businesses find their contract does not...
