Shareholders make significant financial investments in businesses and obtain certain rights and compensation in return. They generally have the right to continue exerting their authority and receive those benefits until they sell their shares in the organization or...
Entering a partnership can be exciting, as it involves combining shared visions and complementary skills to drive a business forward. But as with any relationship, it's crucial to set clear expectations and guidelines from the outset. This is where a well-drafted...
When companies hire new workers or promote existing employees, the process usually involves negotiating and signing an employment contract. That contract may address everything from how the employee behaves on social media to the compensation they will receive and the...
Turning two separate businesses into one cohesive organization can be quite a challenge for the executives and management teams involved. Following a merger, there will generally be major shifts in the resulting company. Companies must act quickly to ensure the...
Whether someone has just started a new business or has assumed an executive role at a company, they likely hope to continue working there and helping grow the organization for some time. Owners and executives may commit years or even decades of their lives to the...
When taking on a partner, an entrepreneur hopes to connect with financial resources or expertise that will make their organization more competitive. Having a partner can help to reduce the risk involved with a new business enterprise while also providing social...
As a company owner, you know that your business could suffer financial harm if your employees leave to join the competition. It could also be detrimental to you if they leave in order to start their own businesses, which then compete against you directly. Essentially,...
You may find yourself in a situation where both you and your business partner are ready to be done, and you don’t have a lot of potential options. You can sell the business to someone else, for example. You could simply close the business down and liquidate the...
It’s a painful but unavoidable reality: If you run a business, you’re bound to occasionally run into problems and the threat of litigation. Whether that threat comes from a disgruntled former employee, an ex-partner, a supplier, a vendor or a customer, you need to...
If you own commercial real estate that you rent out to your tenants, you want to know that you can get the money owed and that you’ll be able to hold your tenants to their contracts. Then, if your tenants default, you’ll be able to seek the money you deserve and...
