The right business partner can help create chemistry where the sum is greater than the individual partners involved. Ideally, it leads to a long, fruitful relationship as everyone works towards a common goal with an equal commitment. As with any relationship, business...
Business Law
Interested in venture capital financing?
Those who plan to launch a business typically need to secure funds. Fortunately, there are various options, ranging from obtaining a bank loan to crowdfunding. Some business owners will even turn to venture capital financing. However, there are some key issues to...
What is fiduciary duty?
Ads about investing or banking will often use the term fiduciary duty, but the average person may not know what it means. Someone's fiduciary duty is a wide-ranging obligation where a business and its staff are obligated to support the best interests of a client...
Is it smart to sue a former business partner?
A business partnership often begins with dreams of long-term success, but not all of them last. Like a marriage, they sometimes do not work out because of differences of opinion, moving towards different goals or incompatibility. This can lead one partner to go off...
Non-compete agreements need to focus on business interests
Those coming into a company will often sign a mountain of paperwork. One of the documents in that pile is a non-compete agreement. The company’s goal in asking employees to sign these agreements is to restrict competing businesses from poaching company talent as well...
Equally dividing a family business can be a mistake
Most parents take great pains to ensure that they give each child the same about of love and attention. Therefore, it should come as no surprise that business owners here in Colorado often try to pass equal shares of the company or business to their children, whether...
Non-disclosure agreements are good business
Michael Bloomberg’s presidential campaign famously outspent his competitors. However, Bloomberg’s signature moment could be when Elizabeth Warren attacked him during a Democratic debate for Bloomberg's use of non-disclosure agreements (NDAs) when the #MeToo movement...
New franchises can have advantages over start-ups
Starting any business involves a certain amount of risk. Some owners thrive in going it on their own or building it from the ground up. However, some may find it more desirable to invest in the less risky option of purchasing a franchise. According to business...
US women’s soccer team dealt a setback
The United States Women’s National Team (USWNT) has waged a four-year legal campaign to correct what it perceives as unequal pay and treatment compared to the United States Men’s National Team. The issue has simmered for several years, but it came to a head as the...
What is required for a contract to be valid?
Because contracts form the basis of most business relationships, it is helpful to know what makes a contract valid. Several different elements need to be included in a valid contract. Understanding how a contract is formed can help business owners understand what...