Certain types of legal agreements allow a business to protect its competitive advantage and proprietary information. Through non-compete agreements or including certain terms in business contracts, an Oregon company is able to keep closely held information safe, even...
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Month: August 2020
What business assets depreciate?
Office space and other equipment are essential to owning a business. The items you purchase for your business can help you increase profits and boost productivity for you and your staff.The assets you purchase for your business can also be an important deduction on...
Getting through your first tax audit
When you own a business, tax time can seem like a nightmare. Between deductions and expenses, it can be challenging to know what you are supposed to do.After feverishly working through filing your taxes, it can seem especially frustrating to find the IRS has chosen...
Going on the offensive after breaches of business contracts
Formally drafted legal agreements are some of the most powerful tools available to Oregon business owners. Contracts allow a business to work with another party while minimizing risks, lowering the chance of financial loss and ensuring all parties adhere to the terms...
What does business interruption insurance cover?
Many businesses purchase insurance coverage designed to protect their income and long-term health in case of a catastrophic event, such as a fire or natural disaster. Insurers offer business interruption policies to provide that protection. However, companies must...
Crucial matters entrepreneurs must not overlook
The business ideas have percolated in your head for a few years, and now you are ready to take that giant step toward starting your own company. It is a risk, but a calculated one. The excitement and confidence are there and so is the nervousness.In creating a...
The need to recruit minority entrepreneurs in cannabis industry
Advocates in Portland and the rest of Oregon are pushing for more equality within the cannabis industry, seeking to see additional minority entrepreneurs benefit from potential opportunities. They hope the state remove barriers, while also recruiting and encouraging...
Fighting back when business managers face lawsuits
Depending on the structure of an Oregon business, an owner may not be liable if his or her business faces a lawsuit. For example, in a limited liability company or certain types of corporation structures, business managers are likely not at risk of losing personal...
Planning to pass on the family business?
Establishing a successful family business is something many entrepreneurs dream about. As your company grows, you can fulfill your dreams of providing for your family and building your legacy.Passing the ownership of your business is something that should take great...
Business and commercial law: Handling partnership disputes
At the beginning stages of an Oregon business, two or more people may be working together. It is common for partners to launch a commercial operation together, using their unique talents to build something that is successful and profitable. However, creative,...
