A well-written contract usually addresses the provision of work or services, how much they will cost and who will pay. What should you include in a contract to ensure that it achieves the goals the parties have in mind and is a legally binding document? Format and...
You are about to open your own consulting firm and you were originally considering launching it as a sole proprietorship. However, other options come to mind, and you may decide in favor of a limited liability company (LLC). What are the benefits and disadvantages of...
The Federal Trade Commission regulates corporate advertising. As such, the FTC protects consumers from exposure to lies. As the owner of a business venture, you remain at risk for accusations of unfair advertising. Caution is necessary to reduce the potential. Be...
Whether you are opening a business for the first time or adding a new location to your expanding chain, signing a new commercial lease is always a big deal. Even if you have extensive experience with contracts, though, you should still read the terms of a commercial...
Many of the owners of privately held businesses are baby boomers who are in the process of transitioning from the working world into retirement. When a business has multiple owners, a plan for a smooth succession is essential, hence the need for a well-conceived...
Starting a business may feel like the most challenging part of the process. However, if any of your contracts wind up in court, you may soon find that is not the case. Contract challenges frequently happen, especially if specific terms and conditions are unclear when...
Whether to arbitrate or litigate is a question that often comes up when a business dispute arises. Mediation is a form of Alternative Dispute Resolution (ADR) that could find a place in your next business contract due to its advantages over litigation. Allowing...
When you start a new business, there are numerous out-of-pocket expenses. Insurance is one expense you may not have considered, but it can significantly impact start-up and operational costs. Most insurance types are not legally required. However, Oregon law...
There can be many reasons to want to launch a business. You may have a great business idea, or you may feel that it is the right time in your life to start a company. That said, there are some things you need to take into consideration before launching a company. If...
While there are many types of business structures in the U.S., few offer more protection for business owners than limited liability companies. After all, according to reporting from Business News Daily, LLCs protect personal assets from the company's creditors. This...