When merging with another company, you will not need to retain all the staff the current two companies have. No one likes job uncertainty, so the more you can provide your team with accurate information, the better for them and you. Some employees will sit around with...
Murrysville Business Law Blog
Do you need to give an investor a say in business decisions?
You're looking to expand your company, but you don't have the capital to do it. You decide to get an investor, who you convince that the company is going to be very successful. Believing that they will see a good return on their money, they give you that investment...
How often should you review your business and marketing plans?
As someone busy running a business, you may think that your business plan is done once it’s in motion. The same may be true for your marketing plan. You may feel that what you have set up is working for you well enough and not see the real value in reviewing those...
Why commingling personal and business funds is never wise
Most business owners would never consider using money that belongs to the business to pay for personal expenses. However, they might not think there’s anything wrong with using personal assets to help out the business – like maybe putting a little of their own money...
3 reasons your company needs employment contracts
Especially when you first start hiring staff members, you may not recognize the importance of a thorough employment contract. Many growing businesses hiring their first staff members will use an informal system that later puts them at risk. While it may seem like a...
Could a merger lead to expensive discrimination claims?
When your company acquires or merges with another business, a lot of changes will occur. You may close one building and move everyone into a central location. You may adopt a new name or choose to use the established brand of one of the companies. You will likely...
What type of business merger is suitable for you?
A merger is an agreement in which two businesses join together to become one legal entity. Mergers are a great way for two businesses with unique expertise and experience to come together and form a more profitable business. Done right, a business merger can be...
3 things you need to decide when you take on a business partner
A business partnership can be an excellent format for a new business. It allows two or more people that share a similar vision to pool their resources and create something that they may have struggled to create on their own. Like any interpersonal relationship, a...
Will merging mean the end of your business?
When you merge with another company, you create a new entity, and the old companies cease to exist. Yet, if you do not do enough preparation, you could go from two companies to none. A Harvard Business Review report puts the success rate of mergers at between 10 and...
Should you consider changing your business status?
Businesses can turn out better than expected. What you started as a weekend sideline may have reached the point where you can dedicate yourself to it full time. If this is the case, you may want to check if your current business structure is still fit for purpose....