A new business is at its most vulnerable when it is first starting. Most startups fail within their first year. Unfortunately, some fail from consequences that could have been prevented with better planning and preparation. A good place to start is avoiding...
Business Law
3 things to consider before a member’s removal from an LLC
In the business landscape of a Limited Liability Company (LLC), situations may arise necessitating the removal of a member. This decision usually stems from serious disagreements. Given its significance, it requires careful thought because of its potential impact on...
Ways to limit liability when starting a business
Facing a business lawsuit can be rather devastating, especially when you are just starting. Luckily, there are proactive steps you can take to lower liability, thus reducing risk. Below, we take an in-depth look at ways to limit liability when starting a business....
The importance of asking the right questions during business formation
One of the most critical - and often overlooked - steps in starting a company is asking the right questions while selecting an appropriate business formation or entity structure that will keep the venture secure and allow for scalability through the future. Many...
Deciding on a business structure for your new business
A Guide for Entrepreneurs: Choosing the Right Legal Entity for Your Business. As an entrepreneur, you’ve embarked on the exhilarating journey of turning your business dreams into a reality. There are several initial steps involved in launching your business idea....
Who should be on my advisory team when selling a business?
Whether entering a new chapter in life or preparing to start a new venture, selling your business could be a wise and significant move. However, it could be a considerable undertaking that might turn sour if you do not know what you are doing. You could hire advisors...
Future-Proofing Your Business: Why Create a Succession Plan
In the everchanging landscape of modern-day organizations, ensuring stability and seamless transitions in leadership has become a paramount concern. After putting years of work into planning and growing your business, you can protect your investment by creating a...
What is the difference between a merger and an acquisition?
Once your company has become profitable and built a name for itself, maintaining growth may come down to entering a new market or expanding your inventory. Instead of starting from the ground up, you may consider a merger or an acquisition to spur growth faster. But...
Partnership agreements and buyouts
When a business partnership changes, it can shift the company's dynamic, creating confusion and frustration. Separating from a partner can occur for a variety of reasons. The most common reasons are: A partner plans to retire Partners conflict, preventing the...
Emails in the workplace: 5 best practices for businesses and employers
Emails can be a double-edged sword for businesses. On the one hand, they are a quick and convenient way to communicate, and establish an easily accessible record of conversations and documents. On the other hand, their informal nature and relative permanence make them...
