Starting a business can be a complex process at any stage of life, but it can be especially tricky for people who are in their golden years. Before starting the business formation process, there are specific things an older Oregon entrepreneur will want to consider. Retirement can be a great time for new things, and that may include starting a new business venture.
COVID: Oregon small business owners respond
Oregon small business owners are being supported through the COVID-19 pandemic by the Oregon Small Business (SBDC) Network. Are you among the many small business owners struggling to stay afloat during this unprecedented situation? If so, you may want to consider a few ideas that could help you and your business become more resilient and adaptable.
Problems with contracts can negatively impact an Oregon business
Business contracts are important tools that an Oregon business can utilize to protect its interests when working with outside parties and employees. These contracts can ensure that both parties get what they need, and they can significantly reduce the chance of a dispute or confusion over the terms. When there is a breach of contract, it represents the potential for significant financial loss, and it can be grounds to pursue legal action.
Partnership dissolution with minimal disputes
Years ago, you and your business partner may have had a positive working relationship. Whether you were classmates who shared a vision at the time or were childhood friends destined to change the world together, conflict is still possible. Now, you may be of the realization that you no longer agree on the direction in which you want to take your business.
Why legal guidance can prove beneficial during business formation
Starting a small business in Oregon involves much more than just making the choice to launch a company and a good idea. There are both legal and financial considerations that go into the business formation process, and it's sometimes necessary to have help when making important decisions that will impact the course of a company's future. Many owners only recognize their need for legal guidance until after there is a problem, but that is not a prudent course of action.
Tax planning during the business formation stage
There is a lot more involved with the process of starting an Oregon business than many entrepreneurs realize. While a good idea and a certain set of skills is a major part of launching a new company, there are both legal and financial considerations during the business formation process. Tax planning during these initial stages is especially important, particularly in terms of choosing the right business entity.
Before you shift your business into gear, check your blind spots
There are numerous analogies you could draw between starting a business and driving. In both instances, you need to choose which path to take, and sometimes you must raise your focus from your immediate circumstances to a point further down the road.
Oregon ski resort facing business litigation after 2 fatalities
An Oregon ski resort is facing a serious lawsuit after two guests died on the same day. The families of both of the deceased have moved forward together with legal action, suing for $30 million in a wrongful death claim. There is a lot on the line for this ski area, and it will be important to explore options through which to confront this business litigation.
