Business Law

When drafting a partnership agreement before starting a business, one critical detail to include is each partner’s ownership percentage. While some assume the split will be 50/50, relying on assumptions or informal agreements – such as a handshake deal – can lead to...

If you’re looking for a business partner, your natural inclination may be to find someone that you’re comfortable with. This will probably be someone who is similar to you, and they may have similar skills and abilities. But as much as this feels natural, it is often...

Limited Liability Companies (LLCs) are generally lauded for their ability to combine the ease of use of a sole proprietorship or general partnership with the benefits of a corporation.  But can you create an LLC if you’re just a one-person show, without a partner or...

Some people say that contracts are the lifeblood of a business, and that saying has become a cliche for a reason. Contracts are crucial for companies' financial and legal protection. The agreements a business enters into can make or break the company, and putting the...

You’ve probably heard the adage, “two are better than one.” This is incredibly true when you are in business with the right partner. With the right partner by your side, you can grow your brand, make profits and realize your entrepreneurship dreams.  But a successful...

Entering into a business partnership with like-minded parties can be a very exciting yet complicated process. This is especially true when a business has multiple facets or there is more than one partner. Complex realities underscore the importance of drafting and...

You’ve entered into a business partnership with a long-time friend. Recently, however, you’ve noticed an unusual dip in sales. Could your partner be up to something sinister? Trust is the cornerstone of any successful business partnership. Unfortunately, theft is not...

Getting a helping hand in business can make things a little easier. As such, it comes as no surprise that most people get into business partnerships. Done right, a business partnership can help you harness your potential and build a stronger and more profitable...

When you hear the words business partner, you probably envision people always working in close collaboration on all key matters pertaining to a company. But what if your business partner makes a deal to acquire a major new client or drop a client, for example, without...

You’ve created, financed and organized your company on your own. So far, the business has been a great success and is continuing to grow. In fact, the growth is so exponential that you're considering enlisting some help.  You’re searching for a new business partner...