E-commerce remains a strong segment of the U.S. economy. Online enterprises are attractive to entrepreneurs for several reasons. Without the need for a brick-and-mortar store, they’re a more accessible form of startup. You don’t even have to build a website, product...
Year: 2019
Partnership vs. joint venture: What difference does it make?
Confusion commonly arises between two similar business entities: partnerships and joint ventures. These two terms are often used interchangeably, but they can mean very different things. Because your choice of business entity has a major impact on the rights,...
Understanding and Protecting Your Business from Standard Contract Terms
Whether for the purchase of a business, equipment, or real estate, most contracts contain standard terms, often referred to as boilerplate. Even though the terms may be standard, there are often subtle differences in the wording that can have significant consequences...
We’re what? How inadvertent partnerships are formed
You agree to do a business deal with a colleague and split the profits at the end. When your colleague’s conduct causes a third party to sue, you get sued, too. In reading the lawsuit filed against you both, it states you are partners and you are liable for your...
Things every restaurant owner should do in a lease agreement
Starting a new restaurant or bar is one of the most complex, challenging career paths you could choose. Even if you are a master of the culinary arts or handcrafted cocktails, great at employee relations, customer service, and marketing, you can still destroy your...
Oregon’s Equal Pay Law: What Employers Need to Know
With most of the requirements of the 2017 Equal Pay Act now in effect in Oregon, it is crucial to ensure your business complies with its requirements.The bill, which entered into effect Jan. 1, 2019, prohibits discrimination in wages on the basis of an employee's...
Five FAQs about the Uniform Commercial Code
There were a lot of things to think about when it was time to start your business, but the Uniform Commercial Code (UCC) may not have been one of them. Buying equipment or selling your products seems like it should be fairly simple, but there are a lot of places where...
