Business Law
3 red flags that your business partner could be dishonest
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...
What should you include in a partnership agreement?
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...
2 ways a partner can steal from the business
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...
How to deal with a breach of a partnership agreement
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...
Can a business partner act without the other partners?
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...
Does your business partner bring enough to the table?
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...
Can you fire an employee over a social media post?
A lot of people (incorrectly) believe that the U.S. Constitutional guarantee that permits free speech equals a right to say anything they want -- online or off -- without consequences. While the government can’t tell people what they can say, you (as an...
Starting a medical partnership in California
It’s not unusual for medical professionals to dream about owning their own partnership, but California’s laws surrounding such partnerships are somewhat different than in other states. In addition, medical partnerships can run into unexpected complications when it...
You just discovered your partner is stealing from the business: What now?
You wouldn’t have gone into business with your partners unless you trusted them -- but your trust has been misused and outright broken. One of your partners has been actively dipping into the accounts for their own expenses. You know you need to act fast to limit the...
What is a breach of contract?
Contracts are important in business because they enable the parties involved to know what to expect from an agreement. They can be written or verbal, but they should always be followed. Businesses that meet the terms of contracts are usually known as reliable and...