One of the most often used agreements in business is the non-disclosure agreement, or NDA. Almost any business has confidential information that it wants to keep from competitors. NDAs are an excellent resource for owners to set expectations for employees, potential buyers or anyone who accesses company information. There are three times in every business's life when the owner should seriously consider using an NDA.
Business growth can occur in many different ways. Those who are considering a merger or acquisition to jump-start their growth in 2019 can benefit from the following tips.
If you are like a lot of business owners, you have put in countless hours over a number of years to build your business into the enterprise it is today. You've put in way too much time and effort to let your business wither or fall into the wrong hands when you retire or die. You want it to continue to provide the service or product it now provides and to employ the people who have worked alongside you to build and manage it. You also want its value to be there for your heirs.
Acquiring another business is an excellent strategy for expanding your customer base or increasing sales. In theory, these moves are great. In practice, things can get somewhat more complicated. To ensure a successful acquisition, Connecticut owners should be certain that they understand how things will play out under current business law.