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An entrepreneur hoping to start their own business has to consider many risk factors. Will they have a source of income if the business struggles to generate revenue? Do they have enough money set aside to cover operating expenses for the first year or so until the...
The parties that you choose to do business with will have a major impact on your company's success and its reputation. If you work with a vendor who violates federal import laws, your company could come under legal scrutiny and could suffer a major blow to its...
Maybe you hired someone to make your business website compliant with the Americans with Disabilities Act( ADA). Maybe you contract with your vendors to ensure a steady supply of crucial materials for your restaurant or manufacturing facility. Your business contracts...
It can be a challenge to maintain a constant flow of work when revenue comes into your business on a project basis. For small and medium-sized businesses, government contracts can be an excellent and stable source of revenue. You don't have to spend weeks trying to...
You do your best to make sure you always uphold your end of contracts, but there are some rare instances where something goes wrong and a breach is possible. Most people are willing to work together to resolve breaches and maintain a good business relationship as long...
Business partnerships are very common in the United States, and they can be very successful. Often, two people complement each other well and provide the necessary skills so that the business can thrive. This is why a business with two partners can be more robust than...
If you’re thinking about starting a business, you may have already started looking at the different business entities and what kind you might like to set up. It’s true that this can seem a little overwhelming if you’re unfamiliar with business law, so you might think...
Your business takes on a lot of debt in order to get rolling. The idea, of course, is that you'll have enough success to eventually pay that debt back. But you need money to get started. What happens if things don't go exactly according to plan? Say that you take out...
Keeping your business in the family may be a goal that you have, and it is a good one. Being able to pass on your business could mean building a legacy and helping your family thrive for many generations to come. To make it possible to keep your family business in...
Whether you started a business or inherited it, running it successfully may be a big part of your personal identity. It probably consumes as much of your life and provides most if not all of your income. It can be so hard for people to separate themselves from the...
