As a business owner, you may need to be wary of the impact that chargebacks can have on your bottom line. Chargebacks can only happen when a customer has used a credit card to reimburse your company for purchasing goods or services. There are certain situations in...
Business Law
5 clauses every business partnership agreement should include
Business partnerships can be a great way to achieve growth and success, but they also involve complex legal and financial considerations. Therefore, a well-drafted partnership agreement is essential to ensure all parties understand their rights, responsibilities, and...
Make sure your employment agreements protect your business
Sooner or later, every growing business will need to hire employees. When that time comes for you, well-drafted employment agreements can do much to protect you from worker-initiated legal disputes. You want to respect the rights of employees while also looking out...
Why it’s crucial to know your business formation
Whether you’re just starting your business or you’ve been running it for years, it’s important to understand your business formation. For many start-ups, this is a crucial and often overlooked step for making a strong business. Yet, even long-term businesses should...
Is your competitor acting unfairly?
You established your business some time ago, and it’s been relatively successful so far. You knew you had to be ruthless at times to get ahead, but you also played by the rules. A rival firm has become envious of your success, and unfortunately it seems like they no...
Should you rebrand your business under a new name?
What’s in a name? Well, when you’re in business for yourself, just about everything. Your branding is hugely important to your business – and that starts with your company’s name. Changing your business name is automatically a big risk. You’re losing any positive...
Differences between mergers and acquisitions
Growing a business sometimes requires more than just seeking out more customers to increase revenue. It’s sometimes necessary to join two companies together. This is done through mergers and acquisitions. While some people use those terms interchangeably, they are...
Zoning Issues: When to get legal help
As a business owner, the first thing that you need to understand about zoning is that every zoning ordinance represents a restriction on how you use your land. Sometimes, that’s to your benefit. Zoning ordinances define how the land can be used in a given space, and...
Is it time for your business partner to move on?
You run a successful company with the help of your staff and business partner. This formula has served you well over the years, but it seems like the professional relationship with your business partner has run its course. You know it’s time for them to move on, but...
Two financial challenges for a new business owner
You’ve been a loyal employee for many years now, but it’s time for your next venture. You have a solid business idea and are looking to get the ball rolling. Starting a company can be very tough, with many falling by the wayside. Recognizing some of the potential...