It is not uncommon for one or more of the partners in a partnership to decide that they no longer want to be involved in the business and, thus, seek the consent of the others to withdraw. Hopefully, the partners entered into a well drafted partnership agreement at the outset, setting for the procedure...
Four Simple Tips on Preparing an Effective Contract
Regardless of the type of business one has, some type of contract is usually required for one's dealings with customers, suppliers, and the like.
First, the exact quantity and quality of goods to be provided must be set forth clearly, along with the price. The quantity and price are essential terms which must...
Partnership Agreements: The Essentials
As with corporations, when two or more people form a partnership or limited liability company, it is imperative that they enter into a partnership agreement, setting forth some very essential elements of their relationship. Doing so will go a long way toward avoiding confrontations down the road.
One important item to include in a partnership...
Four Reasons Why You Should Have An Attorney Review Your Lease
Clients often think it a waste of time and money to retain an attorney to represent them in connection with leasing space, whether it be space in an office, a warehouse, or an entire building. More often than not, however, an attorney can obtain important concessions for the tenant, many of them monetary in...
Starting Your Own Business: The Basics
Embarking on a new business enterprise is indeed exciting. While it is tempting to move quickly to build the business, it is imperative that the owner/operator take care of certain details early on. Doing so will help to ensure eventual success.
After initially setting up the corporation or limited liability company, it is important...
How to Prevent Collection Problems
It is indeed troubling when you experience a payment problem after having exerted your best efforts to render valuable services or deliver high quality goods to a customer. Aside from the annoyance caused by non-payment, there are obvious financial repercussions as well. Fortunately, there are a number of steps one can take to minimize...
Expanding & Growing Your Business: How to Avoid the Pitfalls
It is certainly an exhilarating and rewarding experience to witness the expansion of your company! The growth may involve the hiring of additional personnel, the acquisition of computer and telecommunications equipment, the obtaining of additional customers or suppliers, and/or the addition of new product lines or services. Being prepared for the possible legal issues...
Partnership and Shareholder Agreements: An Absolute Necessity
Successful business owners often work long and hard, focusing all of their efforts on building and expanding their businesses. Often, owners have partners who work together amicably toward the common goal of achieving success. As a result, having a partnership or shareholder agreement in place is usually not a priority.
The best opportunity for people...
Five Things You Should Consider Before Choosing a Law Firm for Your Business
Of course, the best way to find a law firm for your business is by referral. Therefore, one should ask family, friends and business acquaintances for a recommendation. In the absence of that, business and networking organizations are a good source, along with the internet. No matter how you get the information you are...
How to Minimize Litigation in the Workplace
There are some very simple steps an employer can take in order to reduce the occurrence of employment-related litigation. Of course, the employee selection process is the first place to start. Employers should not make promises to prospective employees (or even current employees) without first giving thought to the consequences of doing so. Being...