A partnership agreement is a document that you and your new business partner sign when you start your business. You can think of it as a contract that helps the two of you know what you are officially supposed to do within this business relationship. As such, every...
Transaction contracts are an important protection for modern businesses. What you include in the contract will determine how effective it is at upholding your agreement. You want proof of what you agreed to and of any obligations that the other party has to you....
When creating an estate plan, most assets are relatively straightforward to transfer. While you need to take care of how you pass them to avoid unnecessary taxes, the receiver does not need any special knowledge to receive what you leave. If, however you own a...
Choosing the right business partner is a critical part of having success moving forward, no matter what type of business you’re starting. If you’re going to partner with someone else, you need to know that they’re the right person for the job. Unfortunately, many...
Owning and operating a business is a goal shared by many in Wisconsin. These people are not afraid of working hard for a living. However, they would prefer to earn money for themselves rather than helping a company or individual acquire wealth. Getting to be your own...
Many executive-level employees expect their employees to offer them certain perks before they take a role. One of those is that they'll be entitled to a severance package if you let them go from their role. If you're preparing to terminate an executive, then you'll...
Family-owned and operated enterprises strengthen the backbone of business operations across the nation. Along with a lot of hard work, these business owners put their heart and soul into all elements of their operations. In most cases, family members follow in the...
If you’re starting a business with someone else, don’t rush into it. Stop and take the time to draft a partnership agreement. Talk about what you both want and expect. Then sign the agreement so that there is never any confusion over where you stand. Items in the...
When you go into business with a partner, the last thing you’re thinking about is a future dispute. However, even if you have a good relationship, you never know what will happen when you begin to work side by side in such a stressful environment. Should you come face...
Building a business from the ground up, buying an existing company or inheriting and growing one can mean a lifetime of work. Most of your resources might be actively tied up in your business's physical facilities and financial needs. In other words, the business...
