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Purchasing or combining facilities with another business can be very effective growth strategies. Organic company growth can be frustratingly slow, but a large business transaction like a merger or acquisition could lead to major changes for an organization....
The corporate world is notoriously competitive. As a business owner, you’ve had to work hard to compete with rivals. Nonetheless, sometimes working with rivals can be more beneficial than butting heads. A merger involves two businesses (often rival firms) joining...
Despite doing their due diligence before entering an agreement with clients, employees and partners, businesses can find themselves involved in a dispute from time to time. They may accuse you of a breach of contract and subsequently take it further by filing a...
Mergers and acquisitions (M&A) deals offer many benefits, including more diversified business portfolios, increased business capacity, a larger market share, and access to new expertise and talent. Still, just as partners sometimes dissolve business partnerships,...
President Joe Biden instructed the Federal Trade Commission (FTC) in 2021 to investigate non-compete clauses that are unfairly restrictive in not allowing workers to pursue the best employment opportunities or advance their careers. In 2022, he directed the FTC to...
People assume that contracts are only between two parties, but others may benefit or suffer from a contract's performance. These are known as third-party beneficiaries, and they may have legal rights to enforce an agreement or share in the proceeds. They have this...
Many assume that the commercial real estate market is dipping amid work from home orders and the challenges of hiring and maintaining staff or closing altogether. However, 2021 was a strong year for commercial property and 2022 looks to build on that success. Reasons...
The pandemic has impacted businesses in many ways. There are supply chain issues that can prevent regular operation. There are challenges in finding new hires to replace departing staff. There are economic downturns and inflation. These are all common reasons for not...
The Economic Injury Disaster Loans program through the Small Business Administration could be a lifeline to many small businesses that are struggling due to the pandemic. Now, the government has increased the loan limit from $500,000 to $2 million, starting Oct. 8....
President Joe Biden campaigned on a promise of limiting the use of noncompete agreements, at least for low-level workers. That was a stretch goal, as noncompete agreements have traditionally been regulated by the states, not the federal government. Nevertheless, last...