Partnerships work for many entrepreneurs, but not all. Undoubtedly, a partnership is beneficial in the business industry. However, it may also lead to losses if mistakes are made, and one of them is not having a binding contract. An agreement with strict terms is key...
Many people who want to be business owners decide that they are going to start their own companies. But this is not the only path that you can choose. You also may have the option to buy a business that already exists. There are some obvious drawbacks here, such as...
Business mergers offer numerous benefits, including access to resources, increase in revenue, entry to new markets, lower cost of operations and access to top-notch talent. Both small and established businesses in the US are merging. And the numbers are increasing...
The business structure you settled on when getting started with your new venture may no longer be a good fit. You may find that it’s holding you back in certain areas, such as raising capital or a change in management. Fortunately, a business legal structure is not...
Your company has become firmly established in recent years and you’re intent on keeping the momentum going. This means that there are a lot of things you need to get right. On top of your own efforts, your staff has also contributed greatly to the success of the...
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...
