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Many owners start their businesses from scratch, but sometimes buying a preexisting one can make more sense. The advantages can include strong brand recognition and an established customer base, avoiding a learning curve many new businesses face, and easier financing...
Every well-run business does due diligence before signing a business agreement with customers, employees or partners. Still, they may find themselves involved in a contract breach. Not every dispute involves litigation; ideally, the two sides can work out a solution,...
President Biden signed the Consolidated Appropriations Act of 2023 last December. This $1.7 trillion omnibus spending bill funds the federal government's operations, but amidst the countless details are amendments to the Securities Exchange Act of 1934 on mergers and...
With the great resignation of 2022, companies struggled to retain employees in this economic climate. Still, there are valid reasons why companies choose to dismiss employees. Some illegal grounds for dismissal include race, age, gender, religious beliefs, sexual...
The world of start-ups is said to be fast-paced, particularly for those involved in tech or rolling out innovative new products. Being there first can be important, but the rush to meet an arbitrary deadline can spell trouble further down the line. It can be...
Small businesses are the backbone of the American economy, but about 77% of small businesses also have family members involved. These facts mean that three of every four small businesses are family businesses. While many businesses do not make it past the first few...
Renting out a commercial or residential space involves certain expectations from the landlord. The lease outlines the agreement's terms and conditions in writing. For example, the landlord expects payment of a specific amount at predetermined times, such as the end of...
Prenuptial agreements were once typically reserved for the super-wealthy. Over time, however, the arrangements have become increasingly common for a broader cross-section of people. Common premises for using one often involve couples getting remarried later in life...
Running a small business involves a wide range of challenges. These include drumming up new business, working with vendors, remaining compliant with all applicable regulations, and managing day-to-day operations. Many owners do this with the help of employees. A...
Builders, contractors and others in the construction industry don't do any work without a signed contract. When determining costs, they may use a basic scale for hourly wages or bid on the job and provide a total. The latter format is known as a fixed-price contract....
