December 2016

Congratulations on taking the first step towards becoming a business owner. After making the all-important commitment in starting a business, you must also simultaneously decide what form you wish for your business to take. In determining what form of business you wish to undertake, there are different factors to take into consideration. Most importantly, determining […]

If you have set up a corporation, congratulations! One of the key steps now is to ensure that you acquire the proper capital. A popular way of acquiring capital is by issuing shares. However, different classes of shares can exist, and being uneducated on the type of shares to issue can be detrimental to the

Before setting up a business, whether it be a partnership, an LLC, a corporation, or the like, you are required to enter contracts to ensure smooth beginnings for your new venture. However, not many realize that you can remain individually liable on these contracts regardless of the form of business you set up. In legal

Whether you’ve heard of ERISA or not, if you are a working adult there is a strong chance that this federal law has major implications for your future—namely, your retirement. ERISA stands for the Employee Retirement Income Security Act of 1974, and it impacts millions of Americans. Its most basic purpose is to set the

Entering a partnership with a partner you trust is a great step towards making a profit. However, running a partnership is not as simple as it sounds, and most of what is entailed in a partnership is often overlooked. One such area that is often overlooked is determining what exactly belongs to the partnership and

Running a business or being engaged in a partnership can be a very rewarding experience. Often times, the partners make a formal agreement to run their business in a certain manner, and proceed to do so. More times than not, these formal agreements are reduced to writing. However, no formal agreement is needed to be

If you own a business, or work with others in a business-type capacity, you are owed certain rights from your co-venturers. One of these rights is known as the duty of loyalty. Essentially, every partner owes one another a duty of loyalty whereby all their efforts are owed to the partnership rather than to themselves.

You have decided that you can no longer be selfish and keep your fabulous store concept to yourself. You have decided to franchise. That’s fantastic, but what exactly do you need to do now? Here are the steps you should take to go down this road 1) Are you really ready? Desire to franchise may

As a business owner, you often have to hire employees to do work on your behalf. This is almost inevitable for every business owner. Employees hired to work on your behalf are known, in the legal sense, as your agent, and as owner, you are their principal. This creates a special relationship between principal and

As a business owner, you often have to hire employees to do work on your behalf. This is almost inevitable for every business owner. Employees hired to work on your behalf are known, in the legal sense, as your agent, and as an owner, you are their principal. This creates a special relationship between principal