Going into a business with a partner involves having trust in their ability to run the business. While each partner may have different areas of expertise, they should come together to create a successful company. Partnership disputes can happen over just about...
Business & Commercial Law
2 mistakes to avoid when investing in a commercial property
Whether you are opening a new branch and are, thus, looking to purchase a space or are simply purchasing a property to lease out, commercial real estate investment is a big money undertaking. As such, it makes sense that you do everything in your power to get...
Should you put your business under a trust?
If you have worked hard to build a business, it is only natural to want to protect it. This is especially true if you want to pass your business down to the next generation upon your death. While setting up a limited liability company (LLC) or incorporating your...
How do I write a business sale agreement?
Size or industry notwithstanding, a business sale is a significant undertaking – both financially and legally. A business sale agreement is a legally binding document that stipulates how the transaction will be carried out. Basically, it defines the agreed elements...
Why don’t family businesses last?
The majority of businesses in the United States are formed with family involvement. This is true of 77% of small businesses, according to some reports. At the same time, reports have found that the majority of these businesses will not make it to the next generation....
Why business owners shouldn’t skip hiring a commercial inspector
Many first-time business owners will go through a building, find everything they ever dreamed of, forgo an inspector to speed up the purchase and enter into a new business agreement. The only thing is, home buyers can end up falling into buyers’ remorse after finding...
Choosing the ideal legal structure for your business
Whether it's a partnership, corporation or sole proprietorship, the structure of your business is crucial to its operations and future. It will determine your tax obligations, liability and legal compliance, all crucial to your business. Therefore, you ought to get it...
Choosing an appropriate business partner
You’ve built your brand and business on your own. The success of your company has come quickly, to the point that it’s almost beginning to feel a little overwhelming. As a result, you’ve come to the conclusion that you need to enlist the help of a business partner....
3 things a Texas non-compete agreement needs to be enforceable
If you are launching a new business in Texas, you might want to include a non-compete agreement in your new employee onboarding paperwork. This is especially true if your company is in an industry such as information technology, manufacturing, finance and corporate...