It is common for people to feel eager about partnership opportunities as they develop a business plan together. In some cases, they let their excitement override their better judgment at the beginning of a partnership. Instead of protecting themselves, they rush...
When two or more entrepreneurs decide to form a business, their heads are usually filled with optimistic fantasies about future profits. Rarely do the founders of a company presume that the business will fail or that an intractable dispute will threaten the existence...
Starting a business is extremely hard and complicated, but it is a worthwhile endeavor. Indeed, the wealthiest among us go there by building their own businesses. But, many, if not most businesses, are not those large publicly traded companies, but instead, smaller...
When forming a business entity, whether it is a partnership, a limited liability company or a corporation, it is always good to have a contingency plan in place. Planning for the unexpected, like when a partner leaves the company or falls ill, is crucial for keeping...