Buy-sell agreements are contracts behind business partners that spell out how a partner’s share in the company will be obtained by the remaining partners when the partner in question dies or...
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What does every vendor contract need?
There are several important elements that every vendor contract should include to ensure that all the parties involved understand their obligations. Clarity of language and intent also make the...
What’s a Buy-Sell Agreement, and Does Your Business Need One?
When you’re in business for yourself, there are a lot of different possibilities you have to consider – including the fact that you or one of your business partners may one day decide to move on to...
What should your business plan include?
It is more common than some people realize for entrepreneurs to start a company without ever writing out a business plan. Such entrepreneurs may consider themselves flexible and claim that they want...
Common Business Succession Planning Mistakes
Business succession planning is incredibly important for the future of a business. If you own a family business, it may also be quite important for your family's financial outlook, as you may view...
3 Ways a Judge Can Resolve a Business Contract Dispute
As a small business owner or someone running an organization, you likely take great care when negotiating your contracts. You may even customize every contract you sign to optimize your...
4 Common Mistakes Made When Drafting Business Contracts
Your business contracts make a huge difference to your operations. Unfortunately, you may take for granted that a written agreement will protect you from a breach of contract or other forms of...
Starting the Succession Planning Process for Your Business
What happens to you your business if you become disabled? Voluntarily retire? Have you set up a means of deriving the value of your business for yourself or your family members? If you have not...
3 Common Tax Issues for Small Businesses
Small businesses have a lot to consider as they work to bring in profits and stay viable. Many small business owners know that there are different tax obligations that they may face depending on...
Why Your Business Plan Matters
One of the first things to do when you’re starting a new business is to create a business plan. You want to do this if you’re launching the company yourself or if you’re starting a partnership....
How Thorough Contracts Can Help You Avoid Expensive Litigation
Well drafted business contracts are crucial to the protection of your interests. They provide clarity regarding your arrangements with another party and make your business agreements enforceable....
5 Ways to Handle a Business Dispute Between Partners
A limited liability company or limited liability partnership can be a great structure for you to utilize for your business. It allows you to retain a significant amount of control over your...
What Are the First Steps You Should Take To Start a Business in Michigan?
Whether you have years of experience providing services or just a great concept, you may have recently started thinking about creating your own business. Being your own boss can be a challenge, but...
What Is a Privacy Policy, and Why Is It Important for Your Business?
Building your business is an essential part of your career and your legacy. Your company and your brand represent your ideals to a significant customer base. Part of maintaining your clientele is...
5 Considerations When Drafting Employee Handbooks
An employee handbook is a crucial and necessary tool that allows companies to provide clear explanations on their policies, direction and vision. The importance of an employee handbook cannot be...