As you form your business, you must decide how to structure it. One of the easiest formation structures is the partnership. When you have a general partnership, all partners have equal debt and liability. They have an equal say in the management of the company. When...
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...
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...
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...
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...
Operating a business in Oregon will, no doubt, throw you some challenges, particularly during phases of formation and growth. As your organization develops, you will need to determine when to hire additional employees. Knowing which factors to consider prior to...
Partners in a new business may wish to consider ways to protect their stakes if one of them decides to leave. A buy-sell agreement defines how a partner could exit your business without its remaining partners dissolving the enterprise. As reported by Business.com, an...
As a business owner, you must navigate an increasingly complex framework of federal, state and local laws. Staying on top of these laws can consume a significant amount of your workday. Ideally, you would hire in-house counsel to do the job for you, leaving you free...
Choosing a business structure is a major decision, one that can have a lasting impact on your commercial enterprise. Limited liability companies (LLCs) offer numerous benefits to certain businesses, provided that the structure meets your specific needs. LLCs can also...
When you are just launching your new business, the choices you make at the start can have significant long-term implications for the success of your venture. Choosing the right business structure is among the most important decisions you face. Unfortunately, many...