Business Law

Contracts help to outline agreements between various parties, including individuals and businesses. It’s critical that concise terms are set so each party knows what to expect and their responsibilities. In most cases, contracts are fulfilled without any issues, but...

You can spend your entire life building up your business from scratch – only to see the whole operation tumble down because of a social media lie. It can happen very easily. Just take a look at the case involving the Ohio family bakery falsely accused of racial...

Finding defective or damaged goods/products during a quality control inspection can be devastating, as your supplier contract spells out the quality of the items you want.  So, what can you do if a supplier fails to observe this term? Here is what to consider: Request...

Choosing the right business structure is a crucial decision for entrepreneurs, impacting everything from tax liability to personal liability and the ability to raise capital. Many business owners find that a limited liability company (LLC) offers advantages over a...

Corporate maintenance is an umbrella term used to describe the ongoing tasks and obligations a corporation must fulfill to remain in good standing with state and federal regulations. This broad term covers a variety of activities, from the filing of annual reports and...

If you start a business with someone else, don’t just agree to work together through a handshake deal. Sit down and write out an official partnership agreement. Starting a business is a major step, and you need to protect your interests. But what should go in this...

If you’re an entrepreneur making moves to form your own company, this is very exciting. It’s an opportunity to potentially make money and show the world what you have to offer. Nonetheless, there are no guarantees of success and there are also legal pitfalls to be...

You and your friend have decided to become business partners, and you both have agreed to share the responsibility of managing your company equally. One of the many advantages of a successful business partnership is the ability to share costs and duties associated...

When starting a business, you must decide whether to establish a sole proprietorship or form a limited liability company. Both structures have distinct advantages and differences that can significantly impact the day-to-day operations and the owner's potential...

It’s wise to use a contract when starting a business partnership. Not all partners do this, and many simply rely on a handshake deal. However, doing so can lead to significant problems and disputes down the road. A contract helps by defining certain terms and putting...