Many businesses negotiate commercial leases with landlords. This is especially beneficial for businesses that are just starting and can not afford to own a building. Most commercial leases are negotiable. Here are a few matters that business owners may need to discuss...
What role can a business trust play in an estate plan?
Business owners must ensure their loved ones are cared for if something happens to them. They also have to balance the needs of their business with their personal wishes. This is where a business trust may come into the picture. A business owner who establishes a...
Should a small business ever be structured as a corporation?
Deciding on the right legal structure for a small business is a consequential decision-making process that can significantly impact its financial health, liability and daily operations. As such, it should be approached with care. While many small businesses opt for...
Can an employee quit before their contract ends?
The majority of employees in the United States are at-will employees. As a business owner, if you hire employees under at-will employment laws, you need to know that they can quit whenever they want. They don’t have to give you two weeks' notice. They don’t even have...
Why consider a business partner?
Running your own company is a dream for many. It can offer freedom and the chance to make a lot of money. However, it can also be a lot of hard work, a lot of stress and a real drain on your finances. So, it is no wonder that many people consider taking on a business...
What should you know about an LLC?
Limited liability companies (LLCs) have become popular for businesses in Texas because they offer flexibility and protection to their owners, known as members. This structure is particularly appealing for small to medium-sized enterprises looking to balance business...
4 ways creditor scrutiny can help to prevent fraudulent transfers
Fraudulent transfers are a real risk and can lead to hefty losses for businesses and individuals alike. However, by subjecting transactions to due diligence, creditors can significantly mitigate the risk of falling victim to fraudulent activities. One of the ways to...
When an insurance company won’t uphold a business policy
Securing the right insurance coverage is as important for a business as it is for the head of a household. Those helping start or operate companies may require a variety of different types of insurance coverage. For example, companies that make their facilities open...
Missed deadlines can be contract breaches
In many cases, a contract breach means that goods or services were never provided. For instance, a general contractor may have hired a roofing company to put a roof on a new build, but the company never shows up and doesn’t complete the project. They have violated...
Noncompete agreements could be banned this year
Noncompete agreements are legally binding documents that employers sometimes use with their employees. If an employee signs such a document, they’re saying that they won’t leave their position to take the same job with the competition. In some cases, they’re also...