If working for someone else has lost its appeal for you, you might be thinking about buying an existing business. According to Paychex, this can be a better option than starting a new venture, as you already have a good idea about whether or not the business model is...
When you start a new business, one of the documents you need to create with your partner is a buy-sell agreement. A buy-sell agreement outlines what would happen to each business owner’s interest in the operation if someone decided to leave the operation unexpectedly....
Starting a business is both exciting and challenging, so some entrepreneurs decide to share the responsibility and financial initial outlays with one or more partners. However, business partnership issues are common. Because individuals are fundamentally different in...
When forming a business, one of the most important steps you take is choosing a business structure. What you pick has many legal and financial implications. There are many different structures, each with its own advantages and disadvantages. An option that many small...
Whether you own a small startup or have an established business, your company’s trademark materials are essential for growing and maintaining a solid customer base. Unfortunately, in the digital era, protecting against trademark infringement has become uniquely...
For many an independent contractor, collecting payments from clients is one of the worst parts of the job. Unfortunately, most contractors also have at least one story in which they came across a client who refused to pay even after receiving their end of the...
If you are a business owner in Arizona, you may think you have all of your ducks in a row with a solid business model, but do you have a contingency plan in place to keep your business in the right hands? A buy/sell agreement legally outlines the ownership succession...
As they say, an ounce of prevention is often worth a pound of cure. While dispute itself is inevitable if you are running a successful business, litigation does not have to be. Additionally, even avoiding needing arbitration or mediation is a major boon. Dispute...
Managing disputes can be a messy and time-consuming process, which is why most business owners avoid it. However, sometimes disputes do arise, and understanding how to handle them is paramount. Avoiding litigation is often best for all parties involved in a dispute....
Starting a business with a group of individuals is an exciting time. Yet, complications can arise in any relationship, including a business partnership. A plan should be in place in case a partner dies or no longer wants to be with the company. Here's why the buy-sell...