Top 5 Advantages of Organizing Your Business as an LLC

When you’re just starting your business, you need to decide which type of business entity you should be. Some of the most common business entities are the S-corp, C-corp, Sole Proprietorship, Partnership, and Limited Liability Company (LLC). (Click here to learn more about each of these business entities.) Of these five entities, LLCs are arguably the most popular because of their flexibility. Here are 5 advantages Read More

Which Business Entity Is Right for You?

One of the most difficult business decisions that you’ll face will happen before your business even begins—deciding which kind of business entity to create. This important initial decision will lay the groundwork for many other important decisions that will happen later on. So which one is right for you? Sole Proprietorship If you intend to own your business on your own, without partners, this is likely the Read More

6 Tips for Stronger Business Contracts

When you’re just entering into a business with someone, whether it’s a vendor, a customer, or a business partner, you want to make sure that you have a strong contract to protect you from future legal issues. A good business contract clearly explains what is expected from all parties and outlines the consequences of straying from the contract. The best contracts also anticipate future questions or issues that may Read More

An Overview of Indemnity Agreements

The phrase indemnity agreement sounds ominous, but don’t let the intimidating name scare you. Indemnity agreements are actually very common. In fact, you’ve probably signed several of these agreements before, but you just don’t know them by this name. Here’s more about what indemnity agreements are and why you would sign one. What Is an Indemnity Agreement? Many people know of indemnity agreements by a Read More

How do I Know if My Business Dispute is Headed to Litigation?

Disputes happen when you’re in business—it’s almost inevitable. Hopefully, your contracts have done a good job of already answering the “what ifs?” of key hypothetical situations that come up. If they haven’t already provided an answer, you, your business, and your business partner will be left to deal with the fall out. What happens next can vary. The best case scenario is that all parties want to resolve the Read More

Business Law 101: Why You Need a Partnership Agreement

If you are thinking of creating a business with another person, you need to consider drafting a partnership agreement. The enthusiasm that comes with creating a new business can make it difficult to figure out details that may seem mundane, however, creating a partnership (or shareholders) agreement early in your new business venture can provide short and long term benefits for everyone. Here’s how these agreements Read More

4 Ways To Increase The Selling Value Of Your Business

If you’re in the market to sell your business, there are certain actions you can take to increase the value of your business. Increasing your business’s value will in turn allow you to get a better price when you eventually go to sell your business. Here are four ways you can start: Make Sure Your Business Will Succeed Past You When your business is functioning smoothly, it should be able to operate Read More

Every Business Should Have These 5 Contracts!

Contracts are vital to the operation of your business. They can help you avoid legal disputes, safeguard your IP, and keep your company's interests at the forefront of every deal, to name just a few examples. To make the most out of your day-to-day business dealings and protect your future interests, every company should be prepared to use these essential legal contracts. Operating Agreements While operating Read More

5 Things to Keep in Mind When a Business Partnership Dispute Arises

Partnerships can be a great business format to share the burden of leadership. Still, like all business entities, partnerships come with their own set of downsides—particularly when you and your partners are in the midst of a dispute. If you're having a disagreement with your partner(s), you can and should avoid litigation except as a last resort. Here are a few tips to keep in mind for a lawsuit-free dispute. 1) Read More

Are You the Subject of a State or Federal Criminal Investigation? Keep These 5 Things in Mind

If you received a notice that you're under suspicion of a white collar offense, you're now the subject of a state or federal criminal investigation. Although there's no reason to panic at this stage, it's important for you to understand the gravity of the situation. You'll have to take immediate action to get the situation under control, so keep these initial tips in mind before you start to formulate a plan. 1) Read More