If you are considering teaming up with a friend or relative as business partners, it’s important to understand the potential downsides of this business structure before going ahead. It can help you avoid a lot of unexpected trouble, down the line. Sharing certain...
In many cases, a contract breach happens at a specific time. Maybe a parts supplier is supposed to make a delivery at noon on Friday. But when that time rolls around, they don’t show up for the shipment, costing your business a lot of money in lost productivity. An...
Protecting your brand identity is paramount in the fiercely competitive landscape of modern business. Your logo is more than just a graphic; it's a symbol of your company's values, reputation and trustworthiness. So, what happens when another company steals your logo?...
Businesses with more complex structures, like corporations, are technically their own legal entities. The federal courts have repeatedly ruled that businesses largely have the same rights and protections as individuals. However, businesses do not exist independently...
If you’re thinking about starting a business, you probably don’t even want to think about what would happen to cause that business to fail. However, it is important to consider why other businesses fail so that you can better safeguard your own company against such an...
Going into business with a family member is not uncommon. It offers different benefits, including that the parties involved already have an existing relationship, they understand each other's strengths and weaknesses and they get to spend more time together. So,...
If you’re starting a business partnership, it is important to have a partnership agreement in place first. This can help to define some key areas, such as the roles you and your business partner will have, how much money you earn, your ownership percentages, dispute...
Filing a provisional patent application is a strategic step many inventors take in the patenting process. While this opportunity is not available to those who are filing for design patent protection, it is available for aspiring utility and plant patent holders. The...
The financial side of starting a new company can be a dynamic and complex reality. Some business owners invest their own savings. Others get business loans from financial institutions. Still others find private investors. All of these tactics can work, and a...
Every business owner dreams of growth and expansion. Recognizing the right time to take your business to the next level is crucial for success. Here are key signs that indicate your business is ready for growth. 1. Consistent profitability Consistent profitability is...