Business owners are wise to actively plan for the transition of business ownership from the current owner to the next. But what does this mean? Although the exact answer should be different for each business, there are some generalities that hold true across the...
business law
Contract law during COVID-19: Are commercial leases still valid?
The current coronavirus pandemic has impacted every facet of our lives. In addition to changes in how we socialize, the pandemic has also had an impact on our finances. This has made it difficult for many to pay their bills, Are contracts still enforceable? In...
Tips to complete due diligence during the coronavirus pandemic
COVID-19 has led to stay-at-home orders and travel bans. Employers are doing their best to keep their workers safe, often adjusting to a work-from-home platform on very short notice. In this new employment landscape, those who are looking to move forward with merger...
The many faces of consolidation, what’s right for your business?
Business growth can mean many things. For some, it takes the form of mergers and acquisitions. These opportunities can allow businesses to increase their footprint in an area and grow their business capacity. For others, a joint venture may provide the right...
Entrepreneurs: three tips to survive economic downturn
The current coronavirus pandemic has led to an economic downturn that has impacted almost every business sector throughout the country. Entrepreneurs can survive these uncertain times by taking proactive measures to protect their business interests. Three examples...
Buying real estate? The IRS may take a close look at your returns.
Investors can use real estate to help diversify their portfolio. Both residential and commercial properties can play a role in one’s financial portfolio and, in some cases, can also provide tax advantages. Use real estate for tax advantages carefully In the past,...
Developers: What you need to know about construction contracts
Construction contracts are a unique niche within business law. These documents can be extremely complex and involve many moving parts. This post will delve into some of the special considerations and common provisions used within these contracts. Why are construction...
Family business succession: Who should take the helm?
Although a little healthy competition can help to build a business, the opposite can result when the company is a family affair. Family businesses often include multiple family members. Whether siblings, children, grandchildren, or other extended members, these...
What’s the best type of formation for your business?
If you’re starting a new business, you’ve probably realized that you have to become well-versed in an incredible number of subjects now that you may have no experience in. You’re starting your business because you have an excellent idea for a product or service, so...
Inventors & entrepreneurs: 2 tips to protect your software
Software licenses provide the maker with protection against the use and redistribution of their product. Inventors can better protect their product by having a basic understanding of these two common issues that trigger software disputes. Common issue #1: Stealing...