If you plan on entering into a business partnership with another individual, you will first need to draft a partnership agreement. This is important because a good partnership agreement will cover a lot of bases, and ideally, will see you and your partner through both...
Business Formation & Planning
Planning for the worst is crucial when entering a partnership
When starting a business with a partner, you could do worse than take British politician Benjamin Disraeli’s advice. Almost 200 years ago, he said, “I am prepared for the worst, but hope for the best.” Business gurus such as Dale Carnegie to Zig Ziglar have rehashed...
Do not forget legal issues when business planning
You’ve probably heard founders of start-ups boasting they wrote their business plan on the back of an envelope or beer mat. However, they probably spent far more time business planning than they admit. A sound business plan must consider the legal aspects Failing to...
Acquisitions of gaming companies are on the rise
Why buy a company whose clients do not want to pay for its products? That is the question potential investors in the gaming industry have been asking themselves for years. However, 2020 saw $43 billion worth of mergers and acquisitions in the industry. It suggests...
Should you register your first company as an LLC?
When you start a business for the first time, you may not give much thought to how you register your company. When there is so much to do and learn, you might go for the most straightforward option. Yet, choosing a sole proprietorship could leave you personally...
The importance of updating your business contracts
Well written business contracts are essential for your company's smooth running and the longevity of your business relationships. Yet, situations can change. That is why it is vital to revisit all your business contracts from time to time and ensure they represent...
Start your business partnership off on the right foot
“Castles made of sand fall into the sea eventually.” While Jimi Hendrix was probably not singing about business partnerships, he could have been. If you don’t build your partnership on solid foundations, it will probably succumb to the waves. Most business...
Ensure due diligence before acquiring a company
When looking at purchasing a company, you need to carry out what is known as due diligence to make an accurate assessment of whether you should buy or not. Failing to do so might mean your investment is a waste of money. It is even more important if you are...
Your new business demands attention to these fundamental tasks
Starting a Florida business may require you to tackle several unfamiliar tasks. Forbes outlines some of the details that demand your attention as you set up and operate your business. Our lawyers assist people who want to start a new venture. Consider your company’s...
What should I consider when choosing a business location?
One of the important aspects of starting a business is deciding where to locate it. Location in business is just as important as it is in real estate. If you choose wrong, it could have a negative impact on your financial success, but if you choose correctly, you...