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…
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…
Legal liability in a partnership
Possibly the greatest business risk an individual can make is forming a partnership where each partner accepts total liability for the actions of the other partner. When a partner fails to pull their weight or their actions cause harm to the company, it may be…
3 issues you need to address in a partnership agreement
Starting a new business on your own may seem impossible. Having someone else there to help you can make it a much more achievable goal. A business partnership allows you and someone else to pursue a great idea while splitting the amount of investment and risk involved…
How the right to rescind affects business contracts
In the state of Pennsylvania, a law exists to allow consumers to cancel a contract for goods and services. For a business providing goods and services to customers, it is important to know the situations where customers may terminate a contract with impunity…
Is your business vulnerable to a “bear hug?”
Your business has been doing so well lately that you and your partner have been in celebratory moods, having weathered the uncertainties of 2020. But could you possibly be doing too well? That sounds nearly impossible, but companies that are up-and-coming and making…
How do you establish a trademark for your new business?
One of the most important parts of starting a business is establishing a brand. Potential customers need to be able to identify your company quickly and easily. A trademark is an effective way of letting people know that a product or facility belongs to…
Tips for making solid business decisions
Starting a new business is exciting — but you have a lot of decisions to make every day and not a lot of spare resources. Making good business decisions today, however, is essential to your company’s future. So what can you do to give yourself an edge? Consider these…