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If you sign a commercial lease, it may include an exit clause. If not, you may want to consider asking for one if you are concerned about the length of the agreement. An exit clause gives you a chance to get out of that lease early. This is also sometimes called a...
Raising business capital is an important undertaking for startups and growing businesses alike. However, when interest rates are high, the cost of borrowing goes up, which means that it can be far more challenging to secure affordable financing. With this said, there...
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...
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...
Starting a new business is an exciting journey, albeit an involved one. One of the first critical decisions you'll face involves choosing the right entity type for your new enterprise. Your choice will result in significant implications for taxation, personal...
If you’re looking to start a business, you want to make sure that you do things the right way. You don’t want to accidentally violate anyone else’s rights or do something illegal that is going to compromise the launch of your company. As such, you might be concerned...
The decision to get into a business partnership with another person is a huge one. Maybe the prospective partner is a family member, a childhood friend or an investor. Whatever your relationship with a potential partner, one of the most important things you need to...
Timing can be everything in the success of a new business. Many assume this means beating everyone to market, particularly in fast-paced environments like technology. However, the rush to meet a deadline can spell business problems or legal trouble further along the...
Business partnerships are a lot like a marriage. Ideally, the partners work together for years, perhaps many years, aiming toward a common goal. As the business grows, the partnership proves to be prosperous, and each partner contributes equally to that success. Also...
Those who plan to launch or grow a business may need to secure funds. Fortunately, there are many options, from obtaining a loan to crowdfunding. Some business owners turn to venture capital financing, but there are some key issues to consider if the owner decides to...