Business law

When companies need funds or want to access the national marketplace, they may start offering stock for sale, allowing existing and/or potential shareholders the opportunity to purchase an interest in the company. Shareholders often provide crucial funding to help...

Are you planning to add a new face to your business? Whether you’re starting a new business or an employee recently resigned, you’re most likely looking forward to signing the shiny new employment contract. However, before signing the contract, you need to think about...

Working with a business partner has been both positives and negatives. However, if you maximize the pros and find ways to solve the cons, you and your partner can create a successful business in Kentucky.  You can either choose a business partner during formation or...

If you’re a business owner, you may have heard of the three-generation rule. It is certainly not an official rule, but more of an observation about how things tend to play out. The rule states that most family businesses will fail by the third generation. This means...

You established your company a few years ago and it has continued to go from strength to strength. In fact, you hadn’t realized that you would achieve so much success within such a short timeframe. You’re taking your next steps to expand the company further, and at...

A partnership can be an excellent business venture if everything is laid out correctly. Knowing exactly what the partnership will entail is one of the most important considerations.  As you’re discussing the partnership, consider each aspect of the agreement so you...

Nonpayment issues can be devastating for a business. In many cases, the services have already been rendered or products have been shipped. You expected to be paid for those invoices, but the payments never came in. Why does this happen? It’s not simply that the other...

There are numerous different business structures that entrepreneurs can use when starting a new company. From sole proprietorships and partnerships to nonprofit organizations, there are structures that work for different business concepts and personal situations....

One of the most unpleasant tasks that business owners face is having to terminate someone – whether because of poor performance or as part of a larger layoff. Almost as unpleasant is having to rescind a job offer that’s been made and accepted. That can happen for a...

One of small business owners’ least enjoyable jobs is having to pester customers to pay them. Some require multiple follow-ups before they eventually pay. However, late payments can cause serious issues with your cash flow. Getting customers to pay what they owe you...