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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...
President Biden signed the Protecting American Intellectual Property Act (PAIP) into law in early 2023. Lawmakers drafted it to protect American businesses from theft by foreign entities. The law tasks the White House with notifying Congress of major foreign companies...
New business partnerships start with the best of intentions. The partners are excited by the new endeavor's potential and likely made serious commitments to help the company live up to its potential. Part of the process is creating a business plan, which includes a...
Contracts are the lifeblood of any practical business model. Companies use them to hold others and themselves accountable for every transaction or deal. Many will feature different clauses to address potential issues specific to the agreement, and one of those is a...
Many family businesses here in Texas go back several generations with lasting legacies. However, the current caretakers of the ranch, store, restaurant or business need to adapt and grow to keep the lights on and prepare to pass it along to the next generation....
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...
The details in a company charter will vary, but publicly traded companies will usually have different ownership levels. For instance, there are three classes of securities: bondholders, preferred stockholders and common stockholders. Each has its benefits, but common...
Even the steadiest of businesses go through partnership changes during normal times, often due to death, retirement, divorce, bankruptcy, or leaving to pursue other interests. But these are not normal times, which means that partnerships are shifting at a much higher...
Business partnerships usually start with a sense of optimism. Unfortunately, not all partnerships are meant to be. When one partner leaves before the other is ready to shut it down, it can lead to more anger and frustration. This type of split can lead the abandoned...
What started out as a positive venture can quickly turn sour when partners fall out. Issues of ownership, control and the survival of the business can easily be threatened when partners disagree. Unfortunately, disagreements among business partners are relatively...