Let’s say that your business has invested a lot of money into the services provided by another company. You have signed a contract outlining the expectations between your two companies. After you have made payments to the company according to your end of the contract,...
Merging with another company can bring significant advantages to both parties. Yet, it could also ruin two successful companies. Think about what you enjoy in business and why you started the company. Think about why your employees joined your company instead of a...
Once you decide that you want to start a new business, you have to determine how you can best protect yourself and your business. One decision that you have to make is what legal structure you’ll use for the business. There are several to choose from, so be sure to...
One of your customers, suppliers or partners has breached their contract with you -- and you're not sure how to handle the situation. What's the first thing you should do? Look at your contract. A well-written contract should protect you in the event of breaches and...
In an ideal world, you will not need to sue a former business partner, as you’ll go your separate ways and remain on good -- or at least neutral -- terms. However, any business owner knows that things are often far from ideal. You certainly can run into issues that...
New York is very interested in the solar market, and for that reason alone you may be interested in leasing out your land to a solar provider. Developers are always looking for parcels of land, usually 10 acres or more, to use for solar panel installations. These...
People who are considering purchasing a company need to ensure that they know exactly what they’re getting. The only way to do this is to do your due diligence before you make the purchase. This is a very involved task, so you should ensure that you’re up for it. Some...
Most of your employees likely have at least some access to your company networks. This puts you in a difficult position, because while their access may be minimal, they still have the opportunity to steal company data. It’s a good idea for you to take steps to protect...
If you want to be a business owner, you have two basic options: Start your own company or buy one that already exists. What should you do? Advantages of buying an existing business The major advance of buying a company is that everything is already in place. You have...
In your 40s, you may start to think about how you want to move forward in your life as well as how you want others to be able to carry on if you pass away. While you’re still young, now is a time when you may have the most to protect, like your spouse or partner,...
