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...
Murrysville Business Law Blog
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....
How can you reduce the risk a business contract causes problems?
As a business owner, you know how hard it is to win contracts, engage new clients or find a supplier you want to work with. Therefore, having spent all that time, effort and money doing so, it would be a shame to spoil it by writing an unenforceable contract. A...
Don’t cut corners when starting a business with your spouse
Many spouses start a business together. Some met in graduate school and pursued the same profession, such as medicine, dentistry, law, architecture or engineering. Others have a shared passion and experience and decide to stop working for others and go out on their...