If you don’t want to run your company alone, one of the most important steps in forming your new business is finding the right business partner. The person you choose has a big impact on your life and the success or failure of your company. This is not an area where...
What’s the difference between a material and an immaterial breach of contract?
On behalf of Law Firm of William E. Otto | Feb 13, 2020 | Business law
Once a contract is signed, the parties aren’t free to pick and choose which of the terms they want to uphold. Everything in that contract is a requirement, and the failure to meet its terms is considered a breach. But not all contract breaches are the same. Some...
Insulate yourself from liability with the right business structure
On behalf of Law Firm of William E. Otto | Feb 7, 2020 | Business law
When you start a business, one thing is true: There is a risk that someone could file a lawsuit against you. It might be a customer who is angry about an order or a third-party contractor who wasn’t happy with a contract. Regardless of who it is, the reality is that...
Remember: Contracts protect your business
On behalf of Law Firm of William E. Otto | Feb 7, 2020 | Business law
You have to do what you can to protect your business. Contracts are one way that you can do this because these documents set forth a written set of terms that governs all of your interactions. Your contracts need to be as detailed as possible so that both parties know...
What are the top benefits of forming an LLC?
On behalf of Law Firm of William E. Otto | Feb 4, 2020 | Business law
When starting a new business, you’re staffed with the responsibility of making a variety of important decisions. Before you ever open your doors to the public, it’s critical to choose the appropriate business structure. While you have many options to consider, a...
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