Business Formation & Planning

Choosing the correct entity type when you start your business can significantly affect its chances of success. There are pros and cons to each type, related to tax, simplicity and cost. An S-corporation is not the simplest form to use or the cheapest to set up, but it...

Employee handbooks create standards and expectations between companies and their employees. They may also create a contract that controls how employees may be disciplined or fired. Plus, they’re a handy method for disseminating information that you’re legally required...

Starting a company isn’t easy. One of the greatest things about America is that anyone has the opportunity to start a business and carve out a career for themselves, but the other side of that coin is that you’re going to face a lot of competition from others who are...

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...

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...

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...

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...

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...

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...

“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...