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...

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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...
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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...
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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...

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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...

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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...

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