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When you have a business dispute, it can affect your operating costs or your company's reputation. You obviously want to protect your business, which might inspire you to take steps that actually undermine the business's long-term success. For example, you might...
Many business owners start their companies on the side and then grow them over time. They can do this cheaply or for free, and they slowly put assets back into the company as it grows. However, this doesn’t work in all cases. If you’re starting a restaurant, for...
If you’re starting your own business, you may be bringing in people you know to work for you. It’s understandable that you want a team you trust and with whom you feel comfortable. That team may, in turn, recruit people that they know. The problem with this is that...
Work contracts often focus primarily on what a company wants its employees to do. Spelling out your attendance policy and job performance expectations in an employment contract ensures that your employees understand the obligations of their position with your company....
Business partnerships, like most human relationships, don't last forever. Eventually, even the strongest business relationship will need to change or end. When you want to take the business in another direction or sell it, you may need to consider buying out your...
When you have a great business idea, that doesn't always mean you can start a successful company. You may need to talk to a lawyer, crunch numbers with an accountant or investigate local competition in your business niche. You may feel pressure to make purchases or...
For business owners, sweat equity can be very valuable, though often hard to pin down specifically. This is important to consider when selling the business or bringing on new investors and partners. Sweat equity is the sum of the effort and work you put in to increase...
As a small business owner, one thing you will come across is needing to use contracts. You may need to have a contract to work with a new employee or a contractor, for example. When you create a contract, it’s important to discuss what you want it to do for you with...
Do you own a business where clients or customers rely on your talent, skills, education or training? You could face an errors and omissions (E&O) lawsuit if you do. An E&O lawsuit is essentially a malpractice suit brought by someone who’s unhappy with or...
Employees are often asked to give a two-week notice if they’re going to leave a position. This is so that the company can find another worker to replace them before they go. But should employers do the same thing when firing employees? If you want to let someone go,...
