One of the most important decisions that an entrepreneur makes involves the formation structure of their company. The structure of a business influences everything from how much control an owner has over daily operations to what taxes the business must pay. Even if...
Operating your new business as a sole proprietorship is certainly the easiest route to go, but it lacks certain advantages – like personal asset protection and a formality that can make it easier to obtain financing. Just the same, incorporation – with all its initial...
When starting a business with a partner, one of the most important contracts that you’re going to write is your partnership agreement. This contract helps to define the roles that each of you will have within this new business. It can be tempting to skip this step and...
Forming a business requires more than just a great idea. Also requires commitment, investment and follow-through. The moves that you make in the early stages of starting your company could help or hinder its growth for many years to come. Whether you want to start...
Every contract features an implied "good faith and fair dealing" covenant. That covenant serves as a mutual promise that each party will do their best in carrying out their responsibilities as per the agreement. This clause also serves as a commitment that each party...
If you are interested in developing a business partnership, it’s important that you know what to look for in a good partner. A business partner is invaluable if they’re the right person for the job, so choosing the right person does matter. Business partners are...
If business is booming and your startup LLC has grown significantly, it may be time to look into converting into a corporation. There are many reasons that you may want to change your company’s structure, and doing so will help you gain the benefits of a new...
When you are starting a new business, the first thing you need to do is to decide what kind of business entity you want. Will you structure your company into an LLC? Do you want to have a corporation? Would a sole proprietorship be right for you? These are important...
