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...
Business Formation
3 things to consider when choosing a business form
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...
How is a limited partnership different from an LLP?
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...
Leveraging business contracts to your advantage
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...
What do you know about choosing the right business location?
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...
When is the right time to hire more employees
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...
How may I protect my business interest with a buy-sell agreement?
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...
3 reasons to outsource your company’s in-house counsel
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...
Should your business register as a limited liability company?
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...
Avoid these mistakes when choosing a business structure
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...