People who start a business together do so with a similar idea in mind. Their principles and visions align, which makes for a strong foundation for a new venture. As time goes on and the business evolves, there may come a point where those who started as a strong team...
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Business & Commercial Law
Who should you pass your business down to?
When building your business, you must also consider how you want to pass it down. After all, a time will come where you may no longer wish to work in your current position. In unfortunate situations, you may no longer hold the capabilities to do so. So what do yo do...
Key considerations about transferring business ownership
Whether a business is still in the formation stages or has a proven track record of success, one aspect no owner should overlook is a succession plan. When the day comes to transfer ownership of your company, you want it done on your terms. Failing to take into...
What is seed to sale tracking in Oregon?
Oregon was one of the first to legalize medical marijuana and legalized recreational marijuana in 2015. Since then, business owners have helped cultivate a new industry that brings in millions worth of taxes and revenue. But the process is not necessarily easy. Oregon...
5 statutory requirements for a valid noncompete agreement
Hiring managers and business executives regularly struggle to recruit and retain top talent. If you do not want your employees to leave and start a competing venture or work for a competitor, you may ask them to sign a noncompete agreement. If the noncompete agreement...
Avoid the mistakes of others when starting your business
If you have been dreaming of starting your own business, you know it requires vision, dedication and little luck. It is a good idea to learn about the mistakes other entrepreneurs have made so you can avoid the same pitfalls. Create an expansive marketing strategy...
An employment contract is more detailed than an agreement
When you begin hiring employees for your new company, you want to cover all the information they need while protecting your business. As opposed to a basic employment agreement or memo of understanding, an employment contract sets forth detailed information concerning...
Statistics on mergers and acquisitions
Whether you run a successful company that has operated for many years or you are thinking about creating a business, there are a wide variety of legal factors to take into consideration. Sometimes, business owners decide that moving forward with a merger or...
Cannabis may be legal at the state level, but risks remain
Fifteen states now allow regulated amounts marijuana for adult recreational use and three more may follow in 2021. But the business of retailing weed remains an unconventional enterprise fraught with risk. It still is illegal under federal law to sell or possess...
6 points to consider before purchasing a business
Perhaps you have been looking for a business to buy for a good while, or perhaps such an opportunity recently appeared out of nowhere. Many questions need answers before you commit to a purchase. Here are six points to consider before you buy the business you have in...
