When you establish a good business partnership, it can last for decades – but all good things eventually come to an end. That’s why you need a buy-sell agreement between you. A buy-sell agreement (or “buyout” agreement) governs the eventual transfer of a departing...
Business & Commercial Law
What can you do if you think your business partner is stealing?
The mere thought that one of your business partners might be stealing from you can make your heart sink right into your stomach – but you don’t want to react to your suspicions rashly. To protect your own interests (and your company) you need to be cautious. Don’t...
What should you put in a partnership agreement?
Creating a partnership agreement is one of the best steps you can take when you launch a business with someone else. You don’t want to just agree on things verbally or assume that you’re both on the same page. A partnership agreement allows you to get everything in...
Seek the right remedies if a breach of contract hurts a business
Contracts help companies manage expectations, create predictable income streams and limit liability for daily operations. As a business owner or executive, you might enter into contracts with numerous parties. From landlords and suppliers to clients and employees,...
Are you dealing with a bad business partner?
Going into business can be an exciting time for you and your partner. Whether your partner has been with you from the beginning, or they joined you when you were already on your way, your business partner has a critical role in your business. When your business...
What do new business owners need to know?
Every business owner has a million questions, especially when they’re starting out. Below are a few of the most important questions for you to consider before you open your doors. What kind of business formation is best? Business formation will have an outsized impact...