How much does the form you choose for your business matter? It is one of the most significant decisions you will make for your business because it informs just about every decision you make thereafter. Can you change your mind after you choose a business form? It...
When someone fails to live up to one or more of the obligations called for in your contract with him or her, your first inclination may be to sue for breach of contract. Per the Judicial Education Center, however, you would do well to first analyze the situation to...
What seems like a promising business idea can go south for any number of reasons. Whether due to tensions with a co-owner or a decline in profitability, a time may come when leaving your partnership is the best option for your future. Business disputes and partnership...
Some business structures sound so similar that it is easy to confuse one for the other. However, even the slightest difference between business types could affect how your business operates. The distinction between a limited partnership and a limited liability...
Some hopeful entrepreneurs start their businesses without considering the potential legal issues that could arise. Before you launch your new enterprise, be aware of common mistakes that company founders face. 1. Not setting clear terms with other founders Businesses...
Business contracts can prevent a number of costly problems and protect your company from lawsuits. Understanding the value of a written contract can help you leverage these agreements to your advantage. Writing customized contracts and updating them over time will...
As you talk with another business owner about entering into an agreement to conduct a business venture, the other owner may hand you a contract with language that you have often seen in other contracts. This is likely boilerplate text that you probably do not think is...
The U.S. Securities Exchange Commission exempts private corporations from registering their securities. Private companies offering stocks to accredited investors may be exempt under Regulation A, as noted on SEC.gov. Under Regulation D, private corporations may remain...
Two or more businesses combining into a single entity may require submitting a written plan of merger with Oregon’s Secretary of State. The document outlines the details worked out between the companies that have agreed to merge into one enterprise. When the surviving...
You know you want to open a business of your own, but you do not know where to set up shop. What considerations should you focus on most? The U.S. Small Business Administration explains how to choose the right spot for your business entity. Use their experience and...