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When forming a new business, you have decisions to make and risks to evaluate. Many entrepreneurs tend to focus on financial risks, but those are not the only hazards that might threaten your operations. Legal risks are present from the formation of a business...
If you’re starting a business, then you need to determine how you will handle difficult clients. Remember, even the most reputable businesses encounter difficult customers. It may be hard to remain positive when you face a difficult client. However, if you don’t deal...
Intellectual property rights can make or break a company. If an organization has invested in purchasing licensing rights or hiring creative professionals to produce original works, then protecting their interest in and control over those works will be of the utmost...
Starting a new business can be a rewarding endeavor, but it’s one that also takes considerable work. For some individuals who want to open their own company, financing is a major hurdle. People turn to various ways of getting the funds they need, including taking out...
You probably thought carefully before selecting the current legal structure of your company. Your chosen entity may continue to meet your needs, but that doesn’t mean a change in business structure cannot improve things. Fortunately, business structures are not etched...
Generally speaking, when coming up with a name for a new business, it does need to be unique. This can sometimes become a challenge, especially when the name of the business is something rather generic or common. However, this does not mean that two businesses always...
Yes, it is always vital to thoroughly investigate any person or company you plan to partner with in business matters. Proactive steps like this can prevent legal and operational problems involving partnerships from arising. In the business world, anything you can do...
Contracts are an important part of any business, which means that a breach of contract may be a possibility. If your employees, service providers or suppliers fail to fulfill their contractual obligations, it may cause disruptions and delays to your business. ...
A company's intellectual property can be a significant reason why it is able to operate profitably. Many kinds of intangible resources are technically intellectual property. There are trade secrets, which include non-public information that gives a business a...
Intellectual property can be defined as a kind of umbrella term for intangible assets, meaning assets that you may not be able to hold, yet have some intrinsic value. Most companies not only hold intellectual property under their name and value them greatly but may...
