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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...
Understanding the nuances of trademark infringement is crucial for businesses and individuals alike in the vast landscape of intellectual property law. Trademarks serve as identifiers, distinguishing the origin of goods and services. Infringement occurs when these...
A limited liability company (LLC) offers benefits like some protection from liability and flexible management. It is a popular option for many new business owners. However, it may not be the best choice for every situation or company. A critical early step when...
Business partnerships, just like romantic partners, are ideally founded on mutual respect, communication and trust to thrive. And just like romantic relationships, it’s not uncommon for a business partnership to eventually turn sour. A manipulative business partner...
Business contracts generally focus on obligations between parties. For example, a vendor contract will likely outline how much one business will pay another for certain raw materials or goods. It will also establish a delivery timeline and other specific terms for the...
