What You Need to About the Basics of the Letter of Intent for Selling Your Business

Once a seller and a buyer have come together on the basic terms of a business sale, the next step will usually be that the buyer sends a letter of intent to purchase the business. This is the first formal step in the purchase process by laying out the conditions and the terms of the agreement between the two parties. Letters of intent are typically non-binding agreements that allow a purchaser to take a closer Read More

Venture Capital: When Does It Make Sense to Take It as a New Business?

There are many different types of resources out there detailing what venture capital is and how it works for new startups. In the age of many promising startups, venture capital is a word that is thrown around frequently. However, this does not mean that you will need to seek out venture capital as soon as you have a business idea. There are several different things that you need to keep in mind before moving forward Read More

Employee or Independent Contractor: What You Have to Know as You Grow Your Business and Hire Out

When it becomes time to hire contractors or employees, this is an important stage in your business and it can be an exciting one. But it is often fraught with common mistakes if you do not understand the key distinction between an employee or a contractor. These are not one and the same and it is critical to identify the difference. First of all, an employee is someone who: Works for only one employer Is 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

Business Formation Tips: Think Long Range About Selling

As you put together your business, it may be challenging to think about selling it down the road. However, taking advantage of the planning opportunities now can make this process easier when it comes around. Long-Range Planning Benefits You and the Company One of the most exciting aspects of owning a company today is actually having the opportunity to sell it down the road. It might not be that easy, however, Read More

What You Need to About the Basics of the Letter of Intent for Selling Your Business

Once a seller and a buyer have come together on the basic terms of a business sale, the next step will usually be that the buyer sends a letter of intent to purchase the business. This is the first formal step in the purchase process by laying out the conditions and the terms of the agreement between the two parties. Letters of intent are typically non-binding agreements that allow a purchaser to take a closer Read More

Business Formation Tips: Think Long Range About Selling

As you put together your business, it may be challenging to think about selling it down the road. However, taking advantage of the planning opportunities now can make this process easier when it comes around. Long-Range Planning Benefits You and the Company One of the most exciting aspects of owning a company today is actually having the opportunity to sell it down the road. It might not be that easy, however, Read More

Avoiding the Squeeze: 4 Steps You Should Take Right Now to Protect Your Business from Frivolous Lawsuits

If there ever was a no-win situation for a business owner, it’s a frivolous lawsuit. Not only does the suit require attention, it also requires a lot of money in the form of lawyers fees to fight off the frivolous suit. The bad news is that nothing can prevent someone from filing a frivolous lawsuit. The good news is that there are a lot of things you can do to make it less likely that one will be filed in the first Read More

Planning Considerations for New Entrepreneurs

New entrepreneurs have many different aspects of running their business to worry about. It might seem like cash flow is one of the most important things you can focus on, but there are numerous different business planning avenues that should be followed and tracked regularly in order to ensure that your company is growing or in a position to be sold. One of the most important aspects of early business planning is Read More

Planning Considerations for New Entrepreneurs

New entrepreneurs have many different aspects of running their business to worry about. It might seem like cash flow is one of the most important things you can focus on, but there are numerous different business planning avenues that should be followed and tracked regularly in order to ensure that your company is growing or in a position to be sold. One of the most important aspects of early business planning is Read More