5 Common Mistakes to Avoid When Considering Buying an Existing Business

Just like any big purchase involving four or more figures, buying an existing business should be done with a great deal of research, thought, and consideration. What are the things that people most often fail to do in this situation? Here are the top 5 mistakes: Not giving diligence its due. You’ve probably heard of the term “due diligence.” In the legal world, particularly when it comes to asset acquisition, “due Read More

The Dangers of DIY Business Law

The national trend may be towards doing everything yourself and while your efforts may not be Pinterest-worthy, most of the time, you can get the job done. There are some areas, however, where it still very important to seek professional help. Legal work is one such area which, ironically, is where the DIY bug seems to bite the hardest. There is no substitute, DIY or otherwise, for a human who has undergone the hell Read More

4 Ways Life Insurance Companies Attempt to Deny Claims and How You Can Fight Back

Having life insurance is an important and responsible way to offer protection to your loved ones should you pass away. In most cases, claims on life insurance policies go through without any trouble. There are times, however, when life insurance companies attempt to deny claims. Understanding why they do this, and how you can figure back, can help ensure you get the money that you are entitled Read More

Employee Agreements Meant to Minimize Disputes: How Business Owners Can Use Them

A company should always be aware of the potential risks facing the business and take all necessary steps in order to minimize those risks that return. One of the best ways to do this is using employment contracts or employment agreements. These are legally binding agreements between an employee and an employer that lay out the duties of both parties and the terms of employment. These can assist a small business to Read More

Steps to Take When Another Party Breaches Your Business Contract

Business contracts are the agreements that are the life blood of entrepreneurship and small business, and even major corporations today. When another party breaches a contract, it is important to understand your rights and responsibilities so that you can take the necessary steps to protect yourself and pursue legal action, if necessary. Ensuring that you have properly drafted contracts to begin with is one of the Read More

Four Contract Clauses Business Owners Should Consider

Contracts are an important way to do business with others whether it is contractors, vendors or partners. Having properly written and executed contracts can help save you in the event that the other party breaches. What you put into the contracts should always be reviewed carefully by a business attorney. Failing to have the right clauses inside any business agreement or contract may be something that an owner Read More

5 Important Issues to Address in Your Partnership Agreements

When starting a business with a partner, it can be tempting to just take things a day at a time without any formal agreements. In most cases, this will go quite smoothly for a little while. At some point, however, disagreements or situations will arise that can’t be ignored. This is when having a partnership agreement in place can save you a lot of trouble. From the very start of a new partnership, an agreement Read More

Five Ways to Handle a Partnership Dispute Effectively

Getting into an argument with your partner can be an extremely frustrating experience and it can also have ripple effects throughout the business. Understanding the steps that you need to take in order to protect your own interests as well as the business are critically important when dealing with a partnership dispute. What follows are several different options that you have in this situation. Talk to the Other Read More

Key Things to Keep in Mind About Selling Your Growing Company

People start businesses for different reasons. Some individuals are hoping to remain in business for the long haul, potentially even passing down the company to someone in their family. Others enter for reasons of passion and interest but find that it fades over time. This can lead them to begin to consider the option of selling the business. A whole other group of business owners purchase or start a company with the Read More

Six Key Ways That Entrepreneurs Are Facing Risks

Establishing your own business is an exhilarating prospect but it is also one that comes with an inherent level of risk. Unfortunately, entrepreneurs continue to face risks in their business every single day and without knowledge of an outside professional in the form of a business attorney, they may be exposed to risk on a regular basis. What follows are six common situations that put entrepreneurs at risk even if Read More