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The number of mergers and acquisitions in North America has risen slowly over the past decade. The Institute of Mergers, Acquisition and Alliances (IMAA) recorded 12,000 in 2009 and 15,000 in 2019. While you need to understand the math before making a move, soft...
Assessing risk is a crucial part of running a company. First, you list all the threats out there. Then you take each one and work out the likelihood it could happen and the consequences if it does. Low probability, low consequence events are not your priority....
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...
When you hire workers and try to treat them fairly, it can come as a shock to find yourself at the end of a complaint or lawsuit. Employee lawsuits are common, yet many could easily be avoided. There are two things to remember when dealing with employees. First, you...
There are many businesses out that need someone to step in and take over their leadership, and they're up for sale. You also have another option: Starting your own company and building it from the ground up. Which one should you choose? Each option carries with it a...
Few things are more frustrating than giving your best at work and not getting paid for it. Similarly, getting paid less than you ought for your work can be devastating. After all, everyone deserves fair compensation for their time and skills. Whether you have been in...
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...
Mergers require a lot of planning and investment. When two companies become one, there may be a need to move people from one facility to another or everyone to a completely new space. The company may need to refine some of its practices, eliminate some departments and...
An employment agreement is a legally binding contract between an employer and an employee. In its most basic form, the contract should cover the conditions and terms of employment. When well-planned and drafted, employment contracts should also offer value to...
With success comes risk, and if your company is doing well and expanding its facilities, it could draw some potentially unwelcome attention. In fact, you might face the struggle of having to manage what is known in the industry as a “bear hug.” This maneuver shares...