When forming a business entity, liability protection for individual owners is a crucial consideration. Some entities provide greater protections than others. LLCs (limited liability companies) and LLPs (limited liability partnerships) are attractive options because...
Business Law
Ending a partnership? Tips for doing so peacefully
Starting a business with a partner can be a strategically legitimate decision for certain entrepreneurs. For some, a partner may contribute much needed start-up capital. Others may highly value a potential partner's complementary skill set. That said, there may come a...
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...
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...
Handling Outside Sales Commissions and Termination of Employment
Companies often use outside sales representatives to sell their products or services. These sales representatives can be employees or independent contractors. They are paid on commission, which rewards them financially based on what they sell. Working on commission...
Is it time to sell my business?
Starting and growing a business is like having that extra child-it's a lot of work and you pour yourself into it; if you're lucky you create something that can thrive on its own without you. Just like letting go of the reins with your kids, opportunities present...
Partnership Breakups: What To Keep In Mind As You Go Through One
Have you made the decision to end a business partnership? Your goal may be to get through the process as painlessly as possible.However, the financial stakes can be very high. And the process can be difficult when partners have worked hard to grow a business...
Protecting Yourself When Dissolving A Business
There are countless reasons why a business owner may choose to end a business: Financial difficulties, time constraints, a desire to move on to a new business endeavor, and many more.No matter what the reason is for dissolution, it is important for a business owner to...
New Oregon Law Seeks to Limit Fraud from Shell Companies
The Oregon legislature recently made several changes to the information businesses must provide to register and operate legally in the state.The bill, which took effect on January 1, 2018, aims to prevent corporate fraud and illegal activity in Oregon. The bill is a...