One way that business owners and corporations protect their intellectual property is through the use of non-disclosure agreements (NDAs). Employees may be asked to sign these as part of their contract when they onboard with the business. This ensures that even though...
Can a Chapter 11 bankruptcy save your business?
All businesses start with a vision. But sometimes, the road to realization is bumpy. It’s not unusual for entrepreneurs to run into problems while getting their company off the ground. If you find yourself becoming overwhelmed with business debt, it may be tempting to...
Is it legal to evict tenants when acquiring apartment buildings?
Adding a multi-family building or apartment complex to a real estate investment portfolio is a major commitment. However, investors and business owners can easily justify the expense involved in the acquisition of the property by calculating the rental revenue the...
What are net leases in commercial real estate?
People who are looking for a commercial lease will likely encounter terms that are much different than a residential lease. Many commercial landlords use a net lease, which means that some or all of the expenses related to the property are covered by the tenant...
What could go wrong during a business acquisition?
Business acquisitions offer a significant opportunity for growth, market expansion and increased profitability. However, entrepreneurs should be cautious about acquisition opportunities that present themselves. Like any business venture, acquiring another business...
Why it’s important to keep key employees in mergers
Mergers are a common occurrence in the business world – especially in certain industries. However, transition processes can be difficult for a lot of people, including the employees involved. One of the most critical tasks a company’s leaders may have is identifying...
How to approach contract modifications when circumstances change
In business, as in life, circumstances can change unexpectedly. Maybe a global pandemic hit, or perhaps your supplier went out of business. This situation is not just inconvenient; it can lead to serious legal consequences, including breach of contract claims,...
Can developing tiny apartments lead to big financial returns?
Acquiring real property, developing existing properties and planning new construction projects can all be smart investments. Those looking to add to their portfolios or make the best use of current holdings need to look carefully at market conditions and projections...
3 tips for a successful business merger
When running a business, the dream of expansion and increased market share often drives leaders to seek new opportunities. Mergers can serve as a strategic pathway to achieving these goals, allowing companies to combine resources, skills and customer bases for greater...
Does your business have to use employee contracts?
You and a business partner have decided to open a company together. You’ve spent months getting everything prepared, and you’re finally at the point where you want to start hiring your initial employees. As the two of you discuss this, your business partner says that...