Business law

Employee handbooks can be powerful documents for a company, but only if they are written well. Too many businesses use employee handbooks that are hard to read, outdated or lacking in important details. The following are essential to a comprehensive handbook: A page...

There are many different types of clauses that businesses may add to their contracts. Severability clauses help ensure that the contract remains enforceable even if a minor violation of the agreement occurs. Penalty clauses help motivate people to uphold their...

As a business owner, you may enter into professional relationships with other companies. It’s best to do these with a contract. If you’re purchasing services or products, and if large amounts of money may exchange hands, it’s crucial to get everything in writing in...

Starting a business comes with a significant degree of risk. A substantial percentage of new businesses fail in the first five years. Even companies with unique offerings can be vulnerable due to litigation or sudden changes in operational costs. Aspiring...

Those who start businesses often spend quite a bit of time planning. They create a business plan outlining how they intend to operate the company. They look for funding. They file official paperwork starting the business. The type of business entity that an...

Shareholders who invest in a company have certain rights. They attend regular meetings where they receive non-public information about the company. They can sometimes vote to help guide the future of the organization. They also have a right to receive a share of...

You have decided that you want to work with a business partner, as you think it will make your business much stronger. But you’re also concerned that it’s going to lead to disputes or conflicts. You won’t have full control over everything, so this is a possibility....

You may have spent many years establishing your business. Thus, it is very important to you. Nonetheless, the reality is that you will not be able to be at the helm forever. You may need to step down in an emergency scenario or simply walk away once you reach...

If you’re considering starting a new business, you’re likely familiar with venture capital (VC) and firms that provide this capital to entrepreneurs. You may not, however, be as familiar with the term “venture debt.” Both of these methods for getting needed capital...

There are billions of potential business partners out there. While you are unlikely to get the choice of that many, you still have ample options. So, how do you narrow down your search and find the right one?  Here are some tips to help you choose: Do you really need...