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...
Decision-making is one of the vital skills business owners need. To take your business to the next level and manage it competently, you need to make the right choices in all stages, including during formation. The steps you take during the first stages can affect your...
The open forum of the internet makes it easy for people to let others know about their experiences with companies. Many business owners don’t fully understand how they can use reviews to their benefit. They also don’t realize that their responses to reviews could land...
It can be hard to think far ahead when starting a business or beginning a new business relationship. Yet, doing so will be crucial in the contracts you create. Here are some of the future areas to think about: 1. What happens if prices change? Running a successful...
When choosing between an S corp and a C corp, it helps to understand the differences before making the call. That way, you will make an informed decision that is aligned with your business objectives. The major difference between the two types of corporations that...
Employees can do a lot of damage to the company that hired them if they perform their jobs improperly or take certain actions after leaving the organization. Employers often have to carefully protect themselves by adding certain restrictive terms to their employment...